Pre-funding is a financial arrangement that is commonly used in the world of international money transfers, particularly in the remittance industry. Here’s a more detailed explanation: Why is Pre-funding Required? What is it Used For? Pre-funding is used to guarantee…
A money transmitter license is a type of regulatory license that is required for businesses that engage in the transmission of money or monetary value, such as electronic payment processors, money order issuers, and currency exchangers. This license is intended…
A money transfer operator (MTO) is a type of money services business (MSB) that specializes in facilitating the transfer of money from one location to another. MTOs are typically licensed and regulated by a government agency to provide financial services…
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