What is the procedure to use our own payout partner in the payout country?

Please refer to this frequently asked question which has more information: Who is providing the payment rails to the countries we plan to send money to?

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This page was last updated on December 2, 2024.

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  1. RIA is competitively charging low fees, and the only way we could match up would be to find a payout partner with a good rate. Your solution is turnkey, which is good, but, we need visibility into the rate (assuming you will be assigning a payout partner to us) so that we could do some quick calculations before investing in your solution.
  2. How do I tell the payout partner in my beneficiary country to have a correspondent tie-up with the solution provider?
  3. Can we propose our own payout provider? How long does due diligence take and are there any extra costs associated? What is required of us and from the payout provider?
  4. Can you please explain if there is a pricing difference (lower cost) between: 1) Option to BYOBB/BYOMTO (Bring-Your-Own Beneficiary Bank / Bring Your Own MTO) 2) Manage our own FX Handling (Optional)
  5. What is a Payout Partner?