Dear Money Transfer Operator, I hope you are faring well in these unsafe times and you and your family & loved ones are safe and healthy. First of all, I want to thank you for your continued patience. Just to bring you up to speed, my colleagues and I have been in contact with literally …
Open letter to small & medium money transfer operators Read More »
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.
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.
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)
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. …
Flow of Funds for Correspondent Accounts (for Remittance as a Service) – USA Only Read More »
A general presentation on how money transfer as a service (MTaaS) works (in the United States). If you’re interested in this service, schedule a call with us using the link below.
