A very simple question, what is the difference between and official remittance and an unofficial one? Watch this short video to find out. Also watch: What is Hawala (or Hundi)? What is Hawala? (Part Two) Transcription: Hello. My name is Faisal Khan. I am a banking and a payment consultant. A question I got is …
What is an aggregator? What does it mean to use aggregation? How do they play a role in the world of money transfer? Watch this short video to get an understanding of what aggregation is. Transcript: My name is Faisal Khan. I am a banking and a payment consultant. One Of the things I keep …
What is Aggregation and How does it Work in the World of Money Transfer? Read More »
This is the second part of the earlier video I made called: Is there Money To Be Made in the Money Transfer Business. In this video I talk about: Understanding Value Added Payments. Transcript: Hello my name is Faisal Khan. I am a banking and a payment consultant. This is as I guess a second …
Is there Money To Be Made in the Money Transfer Business (Part II)? Read More »
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 …
How many Money Transmitter Licenses do I require if I have to do business in the US? Read More »
Why are remittances important and given so much weight? What is it about them, that makes them important for a country’s economy? Transcript: Hello my name is Faisal Khan. I’m a banking and a payment consultant. A question after “What is a remittances” (What are remittances), why are remittances so important? Remittances are extremely important …
Let’s start with the very basic: What Are Remittances? Transcript: Hello. My name is Faisal Khan. I am a banking and a payment consultant. Let’s start with the very basic question in this YouTube series What are remittances. In the money transfer world, we talk about remittances; what are they? Remittance is a term that …
Recently, the Prime Minister made a statement that good news will follow with regards to increasing remittance in Pakistan from US$ 20 Billion per year to US$ 30 Billion per year, if not US$ 40 Billion per year. The original article can be read here. This figure is very much doable. The numbers will not …
What is a Financial Intermediary and why do they need to be licensed? Transcription: My name is Faisal Khan. I’m a banking and a payments consultant and I’m here to answer your questions. So, a question I got recently is, you know, what is a financial intermediary, and why is it necessary to be licensed …
