How To Start a Money Transfer Business

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. …

Flow of Funds for Correspondent Accounts (for Remittance as a Service) – USA Only Read More »

Scroll to Top