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 […]
Understanding the financials behind Regulatory Coverage for Money Transmitter Licenses in the United States The Process When you submit an application for Money Transmitter License Coverage, your information is collated and then a template is made for circulation amongst various Banks and Non-Banking Financial Institutions. Banks and other non-banking license holders will then look at […]
List of Money Transmitter Licenses Here is an updated list of entities holding valid money transmitter licenses for New York, Texas and California. List of Money Transmitter Licenses issued in State of NY Updated 26th March 2016 List of Money Services Businesses in State of Texas – List last updated 26th March 2016 California Department […]
PayPal in Pakistan At a recent conference in Islamabad, Pakistan’s Minister for State for IT and Telecom: Anusha Rehman cites that the government will soon invite the likes of PayPal, Amazon and Ebay into Pakistan to start operations. This news first popped up on my timeline by a post carried out by ProPakistani and then one […]
Microsoft has officially entered into the domain of payments, with Microsoft Payments, Inc.,
When the announcement came out a week or so ago, that Microsoft was entering into the world of payment (see references below), it was only natural to search the various State financial regulators websites for issuance of money transmitter licenses.
Interesting thread on Reddit if Coinbase does indeed have a license as a money transmitter in the State of California or not. Today, a statement was released by the CA Financial Regulator citing that Coinbase does NOT have any license. The article can be read here on Coindesk. The licensing page for Coinbase tells a […]
Here is a great report published by the Anthemis Group Summary: The Global Innovation Jury The Global Innovation Jury convenes a large panel of payments industry leaders from around the world every two years. This is the third Payments Innovation Report based on their deliberations. Ixaris as a payments provider with a strong track record […]