If you have tried to start a money transfer service from Australia, then you probably know about the problems of setting up such a business. Access to banking is going to be one of the top issues with the large amount of capital that is required to set it all up being another problem. We …
If you have been thinking about starting a money transfer service from Canada, then you are well aware of the hurdles like getting up and running in the land of the maple leaf! Access to banking is going to be your #1 issue and then the capital required to set it all up. We provide …
If you have been thinking about starting a money transfer service from the United States, then you are well aware of the hurdles like money transmitter licenses in all 50 States, access to banking, payment processing and not to mention the capital required to be able to set up. We provide an affiliate model with …
With all these cuts in Saudi government spending, construction is the largest sector that is affected. Some estimate cite as much as 45%. Outgoing remittances will be impacted and the results would clearly be noticeable in the coming quarters. Ministry budgets could be cut by a quarter; some ministries may also be merged or eliminated …
Saudi Arabia planning to cancel $20bn worth of projects – report Read More »
Interesting to read (as per Ripple) that many big banks are cutting off ties with their correspondent banks as they deem the business to be expensive and risky. Severed ties will result in more fragmentation, and I agree on this. Its time for small and medium banks to look at Ripple. Seriously! Ripple interoperates payment …
Great homegrown perspective on the recent clampdown of the Nigerian Money Transfer market by CBN (Central Bank of Nigeria). Source: Nigeria’s Central Bank is disrupting remittances startups in favor of Western Union, MoneyGram and Ria — Quartz H/T to Francois/Laurent for pointing this out in my direction.
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. …
Remittance-As-A-Service (RaaS): Understanding The Ecosystem Read More »
What happens when banks in the US close MSB accounts? It is a losing proposition for the government. This is how money then gets transported and lost on the other side in the noise. Tracking it also becomes an issue. The fundamental issue with money is that it flows like water. If you place hurdles …
Losing Count: U.S. Terror Rules Drive Money Underground – WSJ Read More »
