A very simple question, what is the difference between and official remittance and an unofficial one? Watch this short video to find out. Also watch: What is Hawala (or Hundi)? What is Hawala? (Part Two) Transcription: Hello. My name is Faisal Khan. I am a banking and a payment consultant. A question I got is […]
This is part two of an earlier video that provided an introduction to the Hawala (or Hundi) system of money transfers and remittances. You can watch the previous video first to get a basic understanding of this system. Transcription: Hello. My name is Faisal Khan. I’m a banking and a payment consultant. A question I […]
What is an aggregator? What does it mean to use aggregation? How do they play a role in the world of money transfer? Watch this short video to get an understanding of what aggregation is. Transcript: My name is Faisal Khan. I am a banking and a payment consultant. One Of the things I keep […]
FinCEN registration is not a license! Okay, so then what is it? Watch this short video to learn. Transcript: Hello my name is Faisal Khan. I am a banking and a payment consultant. I have received many phone calls over the day I get emails etc and people trying to understand how to maneuver this […]
I have written quite a lot about how to start a money transfer business; discussing the various options and trying to explain the intricacies involved in the whole process of setting up a remittance business. From blog posts to answering thousands of questions on Quora, I have covered almost everything that may come to your mind […]
How to Start a Money Transfer Agency Money transfer agencies allow you to accept money from a client and transfer it to an institution or individual somewhere else in the world. They make money by accepting a fee or portion of the transferred amount as payment for the service. Money transfer agencies range from massive […]
