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FAQ · LicensingQ-36751611 min read

Is nationwide coverage guaranteed?

The question in full

The promise of 'Nationwide Coverage' is the most frequent overstatement in the fintech industry. In 2026, there is still no single federal license that grants automatic authority to move money across all 50 US states. While the Money Transmission Modernization Act (MTMA) has successfully harmonized requirements in over 35 jurisdictions, states like New York and California remain 'Scrutiny Hubs' that require individual, intensive audits.

Answer

No, nationwide coverage is not guaranteed. We have to still present your case to the solution provider for approval. Based on which solution provider takes your case, that is the offer you will be presented with and any restrictions or deficiencies in the proposal.

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Faisal KhanAnswered 06/Aug/2026
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Page Last Updated: 06/Aug/2026 (3675161)