Virtual Money Transfer Operator – How does it work?

What exactly is a Virtual Money Transfer Operator (VMTO)?

Virtual Money Transfer Operator? This is a question that is asked of me many times. A virtual money transfer operator is no different (in concept) from a Virtual Mobile Network Operator or a White-Labelled Affiliate selling Web Hosting.

The concept is pretty straightforward and hinges on the understanding of three things, that a Virtual Money Transfer Operator must abide by:

  • The do not get to touch the funds. The flow of funds is such that only licensed Banks and MTO/MSB get to touch the money.
  • The agreement is one based that of an Affiliate.
  • The Licensed MSB provides a White-Labeled platform for you to operator on.

Being an VMTO allows you to enter a market for which you may not directly be licensed for, but rather you piggy-back on the license of an existing MTO in the market you are trying to enter.

I made this brief presentation that highlights how a VMTO works (please give a minute or two for the presentation to load). The copy of the presentation can be downloaded from here: Virtual Money Transfer Operator – VMTO

If you are interested in exploring the possibility of becoming a VMTO, get in touch and let’s talk.

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1 thought on “Virtual Money Transfer Operator – How does it work?”

  • Mr Khan the Virtual Money Transfer Operator (VMTO) is a good solution, please kindly tell me what you would need to start the process and how much it will cost for your professional service?

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