I did a presentation on this long ago (The original presentation can be downloaded from here: Uberization of Money Transfer: 12 Questions every small and medium, independent money transfer operator should ask themselves). For months I’ve been thinking of doing an updated version of the presentation into an article, so here it is. It is […]
Episode 5 – Money Transmitter License Agent If you are trying to be an agent of someone else’s money transmitter license, you might want to know about this.
Detailed Pictorial FAQ (Frequently Asked Questions) about our Remittance-in-a-Box Solution. What exactly is “Remittance-As-A-Service” ? Remittance-As-A-Service (or RaaS for short), is a turn-key solution that provides: Access to the US (domestic & international) peer-to-peer money transfer market Legal cover for Money Transmitter Licenses Banking arrangements* FBO (For Benefit Of) Pooled Accounts On-Boarding (CIP/KYC) AML/CTF, etc. […]
Time to take stock of how things are around you! In a recent survey I conducted, we asked MTOs a varying degree of questions, however, these 12 questions were basically used as openers and I decided to share them with you. Small and Medium Money Transfer Operators are facing intense competition and challenging times. Honestly […]
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, […]
Money Transfer License The world of money transfer licensing can be confusing and often you will be inundated with information. Presented here (in a summarized format) is Information & How-To material on money transfer license / money transmitter licenses for Money Services Businesses (MSBs) or Money Transfer Operators (MTOs). This page is NO longer being […]
Remittance as a Service Here is a brief why I decided to launch a money-transfer service called Remittance as a Service or RAAS (or a Virtual Money Transfer Operator) Remittances are touted as the low-hanging fruit in the money transfer business. This much is true. With an estimated market size of US$ 600+ Billion per […]
Calling Card Money Transfer Model Here is a presentation that describes (roughly) the model of how a calling card distribution company would work with a licensed money transfer company to get into the remittance business. The goal is to leverage the distribution network and the Dollar value on the calling card to enable MSBs to extend […]