Remittances are the low hanging fruit in the payments schema. 2017 figures are estimated to be US$ 630+ Billion of remittance transfer with over US$ 400+ Billion going to the developing world.
We are subject-matter experts in remittances and the entire value chain of cross-border money transfer.
From licensing, payment processing partners, payment networks, access to banking, technology and AML/KYC solutions, we do it all.
As a general reading, we encourage everyone to read How to
- How Small Value Remittances can increase transactions in an economy.
- How Do Low Oil Prices Affect Workers Remittances from the GCC States?
- Value Transfer in Remittances
- SVR – Small Value Remittances or Micro-Transfers.
- Bitcoin Remittance Transfers: What Central Banks look for in Remittances?
- Periodic Table of Remittances
- How do Bitcoin Remittances work?
- How Legal is Bitcoin Remittance?
- Banks De-Risking (MSB / Money Transfer Business)
- Understanding Flow of Funds Diagram
- Remittance-As-A-Service (RaaS)
- Gaining Traction in the Money Transfer Business
- The Migrant Worker’s Smartphone
- Understanding the US Money Transfer Market
- Learning about Remittances: The Remittance Bibles
- The Great Money Transfer Gold Rush
- The hidden force in global economics: sending money home
- How will money transfer between countries look in five years? (Half-way point analysis)
- FAQs on ISO / Correspondent Relationship
- Money Transfer Solution from USA to Africa
- AML CTF Questionnaire for Banks & NBFIs
- List of all the Central Banks & Reserve Banks of the World
- List of Money Services Businesses (MSB) License Regulators
Frequently Asked Questions
- Do I need to have a US Money Transmitter License in order to sign a US Customer up if my business is physically located outside the US?
- What determines if I am required to have a money transmitter license (MTL) for my fintech startup?
- As a new fintech startup, how do I get over the money transmitter license hurdle with a limited budget?
- What are some things I need to know before starting a money transfer company for remittances?
- How does one start a money transfer business for remittances into Africa?
- What can existing small money transfer companies do to survive in a world against competition like Xoom, WorldRemit, Azimo?
- Can a US Bank sponsor my company to provide money transmitter license?
- Is it better to serve and specialize in one single corridor for remittances or multiple?
- As a struggling money transfer business, how can I compete with big companies like MoneyGram or Western Union etc?
- What is the legality behind bitcoin-based remittances? (Where customers directly buy bitcoins and transfer and cash out on the other end)?
- Is using Bitcoins for remittances a good or bad idea for a money transfer company?
- How can I get more of my customers to use bitcoin to send money back home (remittances)?
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This page was last updated on November 27, 2020.