What Is The Procedure For Money Transfer License Application Money Transfer license applications can vary from state to state and country to country. In some geographical areas, there might be a moratorium from issuing any new licenses, while in some areas, no licenses are required. Under no circumstances should you commence even small-time operations without …
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.
1. Bank Account. This is the most requested feature from us. 2. ACH processing 3. Debit Card Processing for your money transfer business. 4. Going Digital (Platform, ready to go live today). In less than 2 weeks you can be up and running with a white-labeled website and system of your own. 5. More licensing …
5 Things To Do Today To Better Your Money Transfer Business In The US Read More »
In these times, actions speak louder than words. What you can execute successfully, can literally mean the difference between surviving this crisis or being a victim to it. Here is a winning formula. Money transfer businesses are not exempt from this crisis. No business is. The steps you take today to invest in pillars for …
5 things to do today to better your money transfer business in the US Read More »
