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 […]
Ever wanted to start a Money Transfer Business in the United States? You may have spent time in learning that in the US you require money transmitter licenses? But how does on get started? Watch this short video to explain how. You can also watch the entire How To Start A Money Transfer Business video […]
Daily Fintech Podcast – Episode 3 – Can a US bank sponsor my company to provide money transmitter license?
Episode 3 – Can a US bank sponsor my company to provide money transmitter license? Can a State or a Nationwide Bank in the US sponsor my money transmitter licenses? Can they be the program manager and sponsor my startup under their license?
Daily Fintech Podcast: Episode 2 – Why do you need a money transmitter license if you are outside the United States, but are signing up US Customers?
Episode 2 – Why do you need a money transmitter license if you are outside the US? Most businesses don’t understand why they need to be licensed in the United States when they are not physically present in the US, especially for financial related products & services. Well, the answer lies with a FinCEN advisory.
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. […]
US Money Transmitter License There are various options when it comes to US Money Transmitter Licenses. You can partner up, apply for your own, or have an arrangement where exemption is provided. Companies outside the US or having a majority of their principal business outside the US are subject to even more scrutiny when it comes […]