Can we also market in the African corridors we are licensed in and send/receive payments between the African corridors?

You can market this anywhere, where allowed by law. It is always a good idea (strongly suggested) to obtain an NOE (No Objection Email) from the PLH, notifying them about your intent to market the services in the very specific geographies, so that you may obtain approval on your marketing material so that you do not use any words or phrases or market a service that is either incorrect, partially true or not quite phrased correctly, etc.  The solution (depending on the package you opt for), is US to CountryX. Where Country X is denoted by the country/countries you provide to PLH for approval for payout, based on the number of countries allowed as per the RaaS package you have chosen. 

If you are opting for an aggregate solution (Tri-Party Agreement) by using your say African Licensed entity to do payout with multiple countries in Africa and have only one-correspondent tie-up agreement with the PLH, then please kindly revisit what a correspondent tie-up is? and especially what is a trie-party correspondent tie-up? The two videos explain the concept of what correspondent tie-up agreements are – very well.

What is a Tri-Party Correspondent Tie-Up Agreement

What is a Correspondent Tie-up? & Why is it necessary?

Please note, should you wish to implement a tri-party correspondent tie-up agreement, in addition to the fees outlined in the RaaS section of our website, an additional Tri-Party Correspondent Tie-Up Agreement (one-time) fee is also applicable. See our pricing page for more details.

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This page was last updated on February 9, 2023.

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