Remittance Money Transfer Business A lot of people ask me how they can get into the remittance money transfer business. What are all the steps involved? What does the ecosystem look like? How should one start? etc. I decided to publish a mini-primer (for free) on How to Setup a Remittance Money Transfer Business. You can click […]
Bank De-Risking MSBs In my previous posts [Can’t find MSB Friendly Banks? Go ahead, scream. No one is listening -and- The Sandstorm that is blanketing the operations of money transfer companies] I discussed on how the whole paradigm shift that is happening in banking with respect to de-risking is sending ripples in the money transfer […]
De-risking is a huge issue for MSBs and MTOs. Banks have been closing accounts, left, right and center, ridding themselves of all MSB / MTO related clients. I’ve written extensively on this: Can’t find MSB Friendly Banks? Go ahead, scream. No one is listening. The Sandstorm that is blanketing the operations of money transfer companies.
There is a lot of excitement in the industry after PayPal announced it was buying the remittance company Xoom. A lot many people have asked, how will this play out? What is my opinion of it? Well, here it is, feel free to disagree. I won’t talk much about PayPal + Xoom, I think it […]
The sad state of affairs in the pursuit of access to banking for MSBs / MTOs Earlier I wrote an article (The Sandstorm that is blanketing the operations of money transfer companies) on how difficult it was to get access to banking if one were an Money Services Business (MSB) or a Money Transfer Operator […]
Access to Banking: Denied. For the last couple of years, MTOs (Money Transfer Operators) are finding it difficult to have access to banking. Those that had access to banking, are being surprised one fine day, when their bank informs them, that they (the bank) can no longer keep the MTO as a client. No […]
The Undiscovered Country… I’ve been studying remittances for a long time now; read countless documents, viewed hours of videos, listened to tons of podcasts and interacted with 100s of people on this issue. The one recurring element I see is the problem of micro payments across-the-border. I think the word ‘micro’ here may do […]
Aamer Abedi, RemitONE‘s Marketing Director, interviews Payments Consultant Faisal Khan on Bitcoin, regulation and the what the future holds for the remittance market.