So you want to start a money transfer service business, but you are overwhelmed by all the work, capital, licensing, systems, software, procedures, human resources, etc. that is required to make it happen. Well, 10 years ago I came up with the concept Remittance-as-a-Service! It is exactly that, remittance in a box! This short video …
So You Want To Start A Money Transfer Service? (Remittance-as-a-Service) Read More »
Money transmission across borders is not done on a whim by licensed institutions. They need to have a well-defined correspondent tie-up agreement in place before the transfer of money can take place. This means, conducting enhanced due diligence and only then, agreeing on the commercials and settlement details that are inked into a correspondent tie-up …
What is a Correspondent Tie-up? & Why is it necessary? Read More »
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 »
