Executive Summary Foreign exchange (FX) markets are evolving, and a new secondary market is emerging for FX tri-spreads and quad-spreads. This strategy enables money transfer operators (MTOs) and non-banking financial institutions (NBFIs) to maximize arbitrage opportunities across multiple currency pairs.…
A question, or rather a series of questions, that I frequently encounter is what should money services businesses or MTOs (money transfer operators), particularly those in the personal remittances space, do to increase their business and profitability in these challenging…
Starting a money transfer company in 2024 involves navigating a complex landscape of financial regulations, technological innovations, and market expectations. Here are the top 20 items to consider: Each of these items requires careful planning, a solid understanding of the…