Transcription: Hello my name is Faisal Khan. I’m a banking and payments consultant and I will answer the question today of why FinCEN registration is important and does a FinCEN registration constitute a money transmitter license. So let’s address the second part which is the most important one a FINCEN registration is not a grant […]
Episode 1 – What constitutes as a money transmitter? The episode for today discusses what a money transmitter is (in non-legal terms). What constitutes as a money transmitter in my opinion?
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 […]
AliPay Money Transmitter License Similar to the story of Microsoft getting its money transmitter licenses that I broke here, here is another Goliath which has applied for money transmitter license: Alibaba. AliPay, an AliBaba Group company was recently awarded a money transmitter license. AliPay is actually owned by ANT Financials (which is an AliBaba Group […]