Many people wrongly assume that only having one money transmitter license in the United States is good enough. It is not. If you intend you have customers signed up from all over the United States, then you needed licenses, in all the States. However, there is a caveat to this where you may require only …
How many Money Transmitter Licenses do I require if I have to do business in the US? Read More »
Now that you know, money transfer business requires a license, so which one will you opt for? There are two easy licensing options: (i) Being an agent of an existing license holder, or (ii) Having an existing license holder be your Program Manager. Learn the difference between the two. Transcription: Hello. My name is Faisal …
Money transmission is a licensed industry. You simply cannot move money without being licensed. In this video, I will briefly tell you what sort of licensing options you have. Transcription: Hello. My name is Faisal Khan and I’m a banking and payment consultant. Continuing with our how to start a money transfer business YouTube series, …
Do I Need A License To Start A Money Transfer Service? Read More »
Prologue Last year I wrote, what I thought to be candid (read: fair) assessment of State Bank of Pakistan’s newly released license application for becoming a Payment Service Operator (PSO) or a Payment Service Provider (PSP). The two articles can be read here: How State Bank of Pakistan just killed the Payments & Fintech Startup …
Pakistan Payment Laws: Comedy of Errors & Omissions Read More »
