“License as a Service” (LaaS) is a business model in which a company provides access to its money transfer operator license, money transmitter license, or e-money license through a subscription-based model, rather than requiring customers to go through the process of obtaining their own license.
Under this model, customers pay a regular fee to use the licenses and accompanying ancillary services offered by the company, rather than investing the time and money required to obtain their own license. This can be a convenient and cost-effective option for companies that want to offer money transfer services but don’t want to go through the process of obtaining their own license.
Some companies offer LaaS as a way to make it easier for customers to access and use their services, while others use it as a way to generate recurring revenue and broaden their customer base.
The fees for LaaS may include both one-time and ongoing charges.
This page was last updated on May 30, 2023.