MTOs as Cash Out Points App Idea
Money Transfer Operators as a worldwide collective network of cash payout points? Possible in this day and age of digital apps?
correspondent tie up
Single State License In the United States – What Can You Do With It?
Startups and would-be entrepreneurs mistakenly think that if they get a license in one state in the United States, they can do business everywhere within the US. They also mistakenly think that if they are incorporated in Montana and get a license there, they are also good to go with regards to money transmitter license …
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What Is The Mid-Market Rate (or the Interbank rate)? Why Is It Important?
If you are remotely involved in the world of foreign exchange, whether it is an FX trade or buying/selling of FX or making cross-border payments, the mid-market rate is a team you will definitely come across. Here is a simple video that explains what it is and how it works.
Currency Cross Rate! What Is It?
Cross-rates are extremely important in the world of foreign exchange. They are used for getting access to complex currency pairs, where liquidity might be a problem, and when you are dealing with an exotic currency.
You Do Not Have To Be Afraid Of RaaS From The United States
There is a lot of misplaced opinions that working with the United States for remittances is inviting danger. Nothing could be further from the truth. I did this short video to explain the whole Remittance-as-a-Service (RaaS) from the United States and how it works (from a point of view of lowering and dismissing your fears).
Explanation of Cross Border Money Transfer (Pre-Funded and Non-Pre-Funded)
Explanation of Cross Border Money Transfer (Pre-Funded and Non-Pre-Funded)
Flow of Funds for Correspondent Accounts (for Remittance as a Service) – USA Only
A very quick flow of funds diagram on how remittance as a service works from the US. The PS here is the PLH (Principal License Holder). Key: PSP = Principal License Holder (the entity with the money transmitter licenses) [1] Customer signs up using a Correspondent White-labelled Website [2] All Client Registration, AML, KYC, etc. …
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