Including licensing fees in various regions and for different types of licenses like in the US (with and without states like NY, CA, TX), Canada, and the UK and EU for EMI, API, and SPI licenses? Single Money Transmitter License…
No Fee for Registering with FinCEN: Myth Busters! The world of financial regulations can be a labyrinth, and the question of fees pops up frequently. When it comes to registering with the Financial Crimes Enforcement Network (FinCEN), a common misconception…
A Card-to-Card Transfer Guide IntroductionIn an increasingly globalized world, the need for quick and reliable cross-border money transfers has never been more crucial. Visa Direct, a service by Visa, is revolutionizing the way people send money internationally. This article delves…
Navigating the Fine Line Between BaaS, PaaS, and RaaS in Banking Partnerships The banking industry is currently at a crossroads, especially with the evolving dynamics of service offerings like Banking-as-a-Service (BaaS), Payment-as-a-Service (PaaS), and Remittance-as-a-Service (RaaS). A key issue emerging…
Understanding the Updated FAQs on Beneficial Ownership Information by FinCEN In a significant move to enhance clarity and compliance, the Financial Crimes Enforcement Network (FinCEN) has recently revised its Frequently Asked Questions (FAQs) regarding Beneficial Ownership Information. This update is…
A Money Transmitter License is typically required for businesses that engage in the following activities: Essentially, if a business is involved in moving money or monetary value on behalf of others, it likely needs a Money Transmitter License. The specific…
Title: Navigating FX Rates: The Realistic Approach to Competing with Wise Introduction In the dynamic world of foreign exchange (FX), businesses and individuals alike are constantly seeking competitive rates to maximize their financial efficiency. A frequently asked question in this…
Hi, Thank you for bearing with us. Our new site is under-development. You can go to the sitemap and see if there is a section that interests you. The XML sitemaps can be viewed at:
tl;dr: Buy foreign exchange from within Nigeria by paying for it in Naira and have access to the US Dollars / Euros / other currencies outside of Nigeria to be traded/transferred as and when one desires. Nigeria is a new…
The answer is no. When we look at making a consulate or an embassy, as a money-transfer agent location, you have to understand that the consulate or the embassy itself is not US Territory (assuming this question was being asked…