A good starting point is to understand the business and some of the brief nuances, terminologies, and lingua franca of the money transfer business. I would humbly suggest you start from here: How to Start a Money Transfer Business (Video explainer series). I specifically spent a lot of time putting these up, so that you …
Starting Point: How to start a money transfer business? Read More »
Are you willing to start a money transfer business but licenses, compliance, banking, finances, all seem to be huge asks? Are you stuck with the licensing process? Or are you caught up in the compliance process? There’s no doubt that the process to setup this business is quite lengthy, but this does not mean you …
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 …
It is only a matter of time, before the importance and utility of cryptocurrencies comes knocking on your door. Don’t be unprepared. Be better informed. Watch this short video to understand why you need to ‘understand’ the crypto/cryptocurrency space. Transcript: Hello. My Name is Faisal Khan. I am a banking and a payment consultant. I …
Why understanding cryptocurrencies is important? Read More »
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 …
What is Aggregation and How does it Work in the World of Money Transfer? Read More »
This is the second part of the earlier video I made called: Is there Money To Be Made in the Money Transfer Business. In this video I talk about: Understanding Value Added Payments. Transcript: Hello my name is Faisal Khan. I am a banking and a payment consultant. This is as I guess a second …
Is there Money To Be Made in the Money Transfer Business (Part II)? Read More »
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 …
