How long does it take to sign the contract with the Principal License Holder providing us with regulatory coverage?

This depends on how ready YOU are.

With a NBFI (Non-Banking Financial Institution) the due diligence parts takes between 2-3 weeks, and contract negotiation and flow of funds, etc. can be done in parallel. It takes between 3-4 weeks to get an agreement signed.

With a banking financial institution, the numbers/timetable above are easily doubled.

To go live, depends on your technical prowess and readiness. Usually clients go-live in about 3-4 weeks after that with NBFIs and between 6-8 weeks with an FI.

Suggested Video(s)

—

This page was last updated on December 2, 2024.

–

Related posts:

  1. If we are a licensed money transfer company with extensive agreements with the payout countries, will the principal license holder agree to sign an agreement with us?
  2. Principal License Holder (PLH)
  3. Can you give some examples of additional services not offered by the Principal License Holder?
  4. Is Faisal Khan the principal license holder or a sublicensee and solution provider (in the case of US as well as the UK/EU rollout)?
  5. Who sets the forex rate ? Is it the principal license holder or me as the business owner?