TENFORE is a Belgrade-based payment institution providing money transfer and payment services to individuals and merchants.
Since the Payment Services Law came into force in 2015 in Serbia, TENFORE has been representing Western Union in Serbia and Bosnia and Herzegovina.
Today, TENFORE offers Western Union money transfer services in over 2,000 locations. TENFORE provides access to a payment network and maintains local banking partnerships (Sberbank e.g.) , through which customer transactions are routed directly to the beneficiary banks (local clearing).
The branch was established in 2001 in the city of Belgrade and is licensed by the National Bank of Serbia.
We could not identify any irregularities around the company and therefore classify it in our “Green Compliance” list.