Would the world ever have a single, universal currency? Before you jump ahead and say no, let me explain and digress at the same time. While reading through news articles a couple of months ago, I came across Elon Musk’s plan to colonize Mars. The money nerd in me got me thinking What currency would …
Determining the price for a product or a service is the penultimate question. The money-transfer industry is no different. At present, the remittance industry has more or less the following models for pricing: Regular Pricing – whatever it may be, is an average of the large players operating for that particular remittance corridor Free – …
In the world of money transfer, I am always trying to explain to startups what it would take have a better understanding on transactions data points for cross-border transfers, i.e. visibility in payments. As part of any compliance program, it is extremely important to grasp how much visibility a company has into its transaction. Furthermore, …
In my previous post (Collaboration and not disruption, may just be the key! Stitching together the world of disparate payments) I discussed on how fragmented the payment system is world over. I want to highlight a problem area that is abundantly documented in the form of posts on forums all over the internet – the …
Sometimes you just can’t get enough of Donald Trump. No matter where you go, Trump it is! In your email, on your Facebook, on LinkedIn, especially by people who confuse LinkedIn with Facebook, on Twitter, on Instagram, on your daily news feeds, he’s everywhere! (Sorry Donald, I had to cite you as an example). In …
Collaboration and not disruption, may just be the key! Read More »
Remittance as a Service Here is a brief why I decided to launch a money-transfer service called Remittance as a Service or RAAS (or a Virtual Money Transfer Operator) Remittances are touted as the low-hanging fruit in the money transfer business. This much is true. With an estimated market size of US$ 600+ Billion per …
Is Over Regulation Killing the Industry? Money Service Businesses (MSBs) are one of the most regulated entities in the financial services vertical. In the United States the regulations are even more stringent. Yet, today, most MSBs are being denied banking access, as they are deemed risky. The industry term used by banking institutions is to …
As my workload has increased I am looking for a dedicated virtual assistant who is able to provide the following services (see below) in a timely and reliable manner. Attached herewith is the gist of the work I would like to get done. This is possibly a 5-6 month assignment (if not longer). I am looking …
