A good starting point is to understand the business and some of the brief nuances, terminologies, and lingua franca of the money transfer business. I would humbly suggest you start from here: How to Start a Money Transfer Business (Video explainer series). I specifically spent a lot of time putting these up, so that you […]
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 […]
Consulting fees for getting regulatory coverage in specific territories The following are my professional consulting fees for each territory for regulatory (license) coverage: Geographic Area Consulting Fees United States (multiple states, STP – straight-through-processing. Cannot hold client funds indefinitely, funds must be processed within 72 hours). $20,000 United States (multiple states) with E-Wallet (ability to […]
Are you willing to start a money transfer business but licenses, compliance, banking, finances, all seem to be huge asks? Are you stuck with the licensing process? Or are you caught up in the compliance process? There’s no doubt that the process to setup this business is quite lengthy, but this does not mean you […]
In 2012, I answered a question on Quora, How will money transferring between countries look in five years? I did not edit or touch the answer in any manner for five years. Well, now that the 5 years are up and over with, let’s do a check on where I was right and where I was […]
Episode 7 – What factors are important to you when sending money abroad? When choosing a money transfer company, what are top things one looks for? Well, worry no more. Having interviewed over 1,700+ people, here are some findings.
Western Union Q2 Earnings Call 2017. Here are the summary points for the WU Q2 Earnings Call (2017), so that you don’t have to read all the report: Our digital business continue to excel with westernunion.com transactions increasing 25% Our Speedpay electronic bill payments business, however, again posted good result, delivering double-digit growth in the […]
How To Securely Send Money And Gifts To Overseas Family And Friends In the technological world of today, it’s easy to get carried over confident with what we can do. One thing that’s drastically improved over the last decade is how we transfer money and gifts to friends and loved ones; unfortunately, whilst there are […]