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 […]
List of videos What is the difference between an SPI vs API License (UK) 3 Axioms to be an Agent of a Money Services Business (US) What is a Financial Intermediary? Is Your Compliance Program Really The Best? MSB Friendly Banks – How To Find one? What Central Banks Look For In Remittances? Can I Rent […]
Episode 6 – Why Do Central Bank Hate Bitcoin Based Remittance If you are in the business of money transfer using bitcoin, you might want to give this a listen. It very briefly explains what central banks look for in remittances and why is it that they don’t like bitcoin based remittances.
Episode 4 – What is a Payment Account Lost access to MSB Business Bank Account. Do you know there is something called a Payment Account, which is essentially offering the same services as an MSB Friendly Bank?
Work hard, but license smartly! Aspiring startups and incumbent who seek access to various customer markets in the payments space will soon realize the the importance of getting licensed. Getting licensed in transaction originating territories is no easy feat. Rarely is the process of applying for and being awarded a license simple. Most of the time it is […]
If you have tried to start a money transfer service from Australia, then you probably know about the problems of setting up such a business. Access to banking is going to be one of the top issues with the large amount of capital that is required to set it all up being another problem. We […]
If you have been thinking about starting a money transfer service from Canada, then you are well aware of the hurdles like getting up and running in the land of the maple leaf! Access to banking is going to be your #1 issue and then the capital required to set it all up. We provide […]
Let’s work together! The art of networking is what business is all about. Meet the right people and you can do business together. Herein lies the problem. Networking takes time. It requires immense trust and vetting before one can take the next step to discuss business. The trust deficit It is no hidden secret, banks, […]