how to start a money transfer company

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. …

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How Can A Traditional Money Transfer Business Get Started With Cryptocurrency For Remittances?

Are you a traditional money transfer business that is looking at crypto and cannot quite understand it? Do you feel threatened by it? Do you have the fear of the unknown? How do you go about it? Well, the answer is simple. Small experiments. Keywords being: “small” and “experiment”. It is NOT at all difficult …

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