Tag remittance

Remittance Platform Provider

Faisal Khan LLC - Remittance Platform Provider

A remittance platform provider is a company that offers technology solutions for cross-border money transfer, commonly referred to as “remittances“. These companies provide a software platform that enables individuals and businesses to send and receive funds between countries in a…

Applying for a New SPI UK License

Faisal Khan LLC - Applying for a New SPI UK License

In the wake of Brexit, one cannot simply passport an EU license to the United Kingdom and vice versa. Any payment institution that wishes to operate in the UK has to apply for a UK-specific API (Authorized Payment Institution) or…

SPI License UK

Faisal Khan LLC - SPI License UK

What is an SPI?A Small Payment Institution (SPI) license in the UK is issued to institutions who have meet the requirements laid out by the FCA. The main criterion according to which the company can obtain the SPI license as…

Money Transfer (Remittance) Business

Faisal Khan LLC - Money Transfer (Remittance) Business

Money Transfer, or Remittances Business accounts for US$ 600+ Billion worth of transfers every year. Despite the COVID-19 times, eventually, long-term the value transferred every year will only increase. The reason you’re on this page is that you’re looking at…

How Much Money Do I Need to Get Started?

Faisal Khan LLC - How Much Money Do I Need to Get Started?

The amount of money required to start a money transfer and remittance business will vary depending on the specific market and business model you are pursuing. Some factors that may influence the cost of starting such a business include the…

How to start a remittance business?

Faisal Khan LLC - How To Start A Remittance Business.

Start a Remittance Business: What is required? Setting up a money transmitter (remittance) business from scratch is no easy feat. Other than the obvious, there are many moving parts to the business that many would-be-founders are oblivious to. To highlight…