Future FinTech Group taps Currencycloud for remittance app
Source: Future FinTech Group Inc
Future FinTech Group Inc., a blockchain application technology developer and fintech service provider, announced that Future FinTech Labs (“FTFT Labs”), a wholly owned subsidiary of the Company, has merged with CurrencyCloud Inc. (“Currencycloud”), a subsidiary of Visa and a global payments platform registered with FinCen and licensed for money transfer in various US states to launch the Tempo money transfer app to offer US-based immigrants and others a streamlined, secure and cost-effective way to send money from the US to North America (Canada and Mexico), Europe (Austria, Belgium, Czech Republic, France, Germany, Hungary, Italy, Poland, Portugal, Spain, Sweden and United Kingdom), Australia, India and the Philippines.
By partnering with Currencycloud and other service providers, FTFT Labs can provide its customers with a multi-currency digital wallet that makes it easier and more cost-effective to send money to the mentioned countries than many other money transfer services that charge high fees per transfer. Most importantly for FTFT Labs, the Tempo app is a money transfer service that users can trust, with features that make moving money seamless and with in-app customer support at their fingertips. Tempo’s conversion tool means users can transfer payment to foreign accounts after currency conversion and hold foreign currency for users’ convenience; Tempo’s Funds Feature allows users to easily add funds to the digital wallet.
By continuously adding new features to the app, FTFT Labs aims to bring the most innovative, user-friendly payment services to the fingertips of an often overlooked market: American immigrants. To learn more about the Tempo app, visit http://ftfttempo.com.
Mr. Sean Liu, CEO of FTFT Labs, said of the launch, “Tempo represents a simple, fast and secure way to transfer money across borders. Working with Currencycloud and using the breadth of their services, it allows us to offer our customers a seamless product from start to finish. We are confident that we make remittance a seamless process for our end users.”
Lewis Nurcombe, Vice President Sales, Currencycloud commented: “Migrants in the US should be able to send money across borders without friction and without prohibitive costs. A fintech company like Future FinTech Labs understands the needs of working people who want to send money to family and friends, and as such, it succeeds in imagining how the money flows for this vast market.”
