Through this partnership with Velo Labs, and Bitazza, as a licensed financial institution, TEMPO Payments and partners are connecting the ASEAN and EU markets, representing about USD 17 billion and nearly 600 million customers.
As the press release says, globally, sending remittances costs an average of 6.38% of the amount sent. The 3 companies are focused on improving these inefficiencies by relying on their respective networks and decentralised technology, and offering fast, low-cost, and secure ways to send money between Europe and Thailand.
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