Month: July 2015

Pakistan: Why Marketplaces & Other Stored Value Payment Networks need to be treated like Remittances

Why State Bank of Pakistan’s PRI (Pakistan Remittance Initiative) needs to be proactive. Their complacent manner is costing Pakistan Millions of Dollars worth of valuable Foreign Exchange. What is Remittance? The technical definition of the word Remittances varies from market to market. Financial Regulators have their own homegrown definitions for it. Here are a bunch …

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Money Transmitter Licenses: Just how many Microsoft has now?

Microsoft list of Money Transmitter Licenses Here is an updated list of Microsoft list of Money Transmitter Licenses which was last updated on 19th January 2016. Microsoft has now amassed 28 MT licenses.  The most important and powerful Big 3: TX, CA and NY are still not on the list. I checked the CA registry, Microsoft is shown …

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