Explanation of Cross Border Money Transfer (Pre-Funded and Non-Pre-Funded)
Explanation of Cross Border Money Transfer (Pre-Funded and Non-Pre-Funded)
money transfer license
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 »
Money Transfer as a Service (MTaaS) – General Presentation.
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.
FAQ on Money Transmitter License Sponsorship under an ISO Program for the United States
Here is a more detailed FAQ where I talk about the US Bank-led or MSB-led sponsorship for money transmitter licenses under and ISO (Independent Sales Organization) program for the US market. {These FAQs do NOT apply to an Authorized Delegate, that is a separate arrangement altogether}
I have an idea for an app. Do I need a license to send money all over the world?
If you are a startup entrepreneur who is buzzing with an idea for an app, that would transfer money worldwide, make payments seamless, the question you probably are asking yourself: Do I need a license to send money all over the world? The answer is Yes. Always a Yes. To help explain the concept as …
I have an idea for an app. Do I need a license to send money all over the world? Read More »
Money Transfer License Georgia (Country)
Starting Your Money Transfer Business in Georgia Georgia, a prosperous country situated at the crossroads where Asia meets Europe, is a great place to establish your money transfer company. The country’s laws and regulations are best suited for entrepreneurs and financial institutions. To obtain a money transfer license in Georiga, you will have to abide …
Money Transfer License Hong Kong
Hong Kong Money Transfer License – Introduction In order to offer services as a money transfer company or a remittance agency in Hong Kong (HK), a business needs to obtain the Money Service Operator (MSO) license. HK Regulation for Money Transfer Companies According to the Hong Kong Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO) Cap. …
Money Transfer License Singapore
Establishing a Money Transfer Business in Singapore Establishing a money transfer business in one of the biggest financial hubs in Asia requires you obtain a license. Money transfer license in Singapore is regulated by the Money Authority of Singapore (MAS). All financial institutions are allowed to do business in the country only after they have …