Faisal Khan

Money-Transfer-Business-Out-of-Business

Will Small Money Transfer Operators Go Out Of Business?

This is the quintessential question. tl;dr: Yes, they will go out of business because of obsolescence.  Will the small and somewhat medium money transfer businesses go out of business. When Novi (from Facebook), larger players like MoneyGram and VISA entering the market, crypto based remittances becoming a reality and the inevitable issuance of digital fiat …

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Five Things You Can Do To Get Started With Crypto for Your Money Transfer Business - No Fluff

Five Things You Can Do To Get Started With Crypto for Your Money Transfer Business – No Fluff!

A lot many money transfer operators, small and large are looking towards going digital. Not just going digital, but also are wondering on how to get on the bandwagon of all things crypto. The following article or video, whatever you prefer, explains the five essential steps (in my opinion) that will enable you to get …

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7 Steps on How To Start a Money Transfer Business

7 Steps to Starting a Company in the US with Money Transmitter License Coverage

The Process Learn The Language Fill Out the RAAS (Remittance-as-a-Service) Form Setup A Call Term Sheet Consideration Quote Referral Agreement Introduction to Service Provider So you have decided you would like to start a cross border payments company, whether this is a wallet, a money transfer company like a remittance business, a crypto exchange or …

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Affordability Checks: How Lenders Determine Eligibility For Loans

Regardless of the loan you’re applying for, all lenders should conduct a number of checks to determine whether you can comfortably afford the loan. As part of the Financial Conduct Authority’s (FCA) responsible lending rules, all financial institutions lending money to customers need to consider a number of different factors to ensure that the applicant …

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