Banking

10 Questions every Money Transfer Business should ask themselves

10 Questions every Money Transfer Business should ask themselves?

I did a presentation on this long ago (The original presentation can be downloaded from here: Uberization of Money Transfer: 12 Questions every small and medium, independent money transfer operator should ask themselves). For months I’ve been thinking of doing an updated version of the presentation into an article, so here it is. It is …

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Central Bank of Pakistan puts prohibition on Bitcoin & Virtual Currencies.

The central bank of Pakistan, i.e. State Bank of Pakistan, ended months of neutral stance by formally issuing a notice on Bitcoin &/or Virtual Currencies. In a Banking Policy & Regulations Department (BPRD) Circular # 3 of 2018, State Bank of Pakistan has officially put a Prohibition of Dealing in Virtual Currencies/Tokens. It also confirms …

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Own your own IBAN?

The IBAN is slowly becoming the de facto standard of identifying a beneficiary account. Barring the US, many countries are now jumping on-board the IBAN bandwagon. At the time of writing this article, 82 countries are using IBAN. However, the one thing that I personally don’t like about IBANs is that they are bank specific. …

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