Tempo Payments

Tempo Payments is a European-based fintech company specializing in blockchain-powered payment solutions. In March 2024, the company announced a strategic shift to suspend its traditional remittance services to focus on developing advanced payment business solutions that integrate classical payment methods with blockchain technology and digital assets. This move positions the company to serve a diverse client base including corporations, financial institutions, and Web3-native companies by facilitating instant, borderless transactions in both fiat and cryptocurrencies.

The company's offerings are designed to address the challenges of cross-border business, such as accessing EU banking, accepting global payments, and managing crypto-to-fiat conversions for operational needs like payroll and taxes. Tempo leverages the Stellar blockchain to enhance its payment processing, aiming to provide faster transaction speeds, heightened security, and lower costs compared to traditional systems. The firm is currently seeking an EU license to expand its services in the digital finance (DeFi) space.

The leadership includes CEO Alla Zhedik, who is guiding the company through its digital transformation. Initially formed in 2008 and spun off as an independent entity in 2014, Tempo has partnered with players like Armenotech and Advanced Payment Solutions to implement its blockchain-based services across the EU, Africa, South America, and Asia.

Keywords: blockchain payments, cross-border transactions, digital finance, DeFi services, payment service provider, Stellar blockchain, crypto-fiat conversion, B2B payments, financial technology, digital assets, stablecoins, Web3 payments, instant settlement, global payments, corporate finance, remittance transformation, payment processing