{"id":9235,"date":"2023-12-13T07:28:39","date_gmt":"2023-12-13T12:28:39","guid":{"rendered":"https:\/\/faisalkhan.com\/?page_id=9235"},"modified":"2023-12-13T07:28:39","modified_gmt":"2023-12-13T12:28:39","slug":"payout-partner-options","status":"publish","type":"page","link":"https:\/\/faisalkhan.com\/solutions\/money-transfer-and-remittances\/payout-partner-options\/","title":{"rendered":"Payout Partner Options"},"content":{"rendered":"\n
Here’s a clearer and more structured explanation of how a correspondent tie-up agreement works in the context of cross-border money transfers and Money Services Businesses (MSBs):<\/p>\n\n\n\n
In the world of international money transfers, a common question is: Who is the payout partner and how do they operate? A payout partner in any country must be a licensed Money Services Business (MSB) or a money transfer operator. This applies whether you’re dealing with remittance, payment services, or banking services.<\/p>\n\n\n\n
In the United States, for example, a licensed entity wishing to facilitate payouts in a specific country must have a correspondent tie-up agreement with a payout partner in that country. This agreement is essential because it ensures due diligence, contractual understanding, and compliance with regulations like anti-money laundering and counter-terrorism financing. Without such an agreement, funds cannot be transferred between the two entities.<\/p>\n\n\n\n
There are three primary scenarios to consider:<\/p>\n\n\n\n
In summary, you have a few options when setting up a correspondent tie-up agreement for cross-border money transfers:<\/p>\n\n\n\n
This explanation should help clarify the process and options available for establishing a correspondent tie-up agreement with a payout partner in your chosen country.<\/p>\n","protected":false},"excerpt":{"rendered":"
Here’s a clearer and more structured explanation of how a correspondent tie-up agreement works in the context of cross-border money transfers and Money Services Businesses (MSBs): In the world of international money transfers, a common question is: Who is the payout partner and how do they operate? A payout partner in any country must be […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":2275,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_uag_custom_page_level_css":"","_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"blocksy_meta":[],"featured_image_urls":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":"","gb-block-post-grid-landscape":"","gb-block-post-grid-square":"","yarpp-thumbnail":""},"post_excerpt_stackable":"
Here’s a clearer and more structured explanation of how a correspondent tie-up agreement works in the context of cross-border money transfers and Money Services Businesses (MSBs): In the world of international money transfers, a common question is: Who is the payout partner and how do they operate? A payout partner in any country must be a licensed Money Services Business (MSB) or a money transfer operator. This applies whether you’re dealing with remittance, payment services, or banking services. In the United States, for example, a licensed entity wishing to facilitate payouts in a specific country must have a correspondent tie-up…<\/p>\n","category_list":"","author_info":{"name":"Faisal Khan","url":"https:\/\/faisalkhan.com\/author\/nomismad\/"},"comments_num":"0 comments","featured_image_urls_v2":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":"","gb-block-post-grid-landscape":"","gb-block-post-grid-square":"","yarpp-thumbnail":""},"post_excerpt_stackable_v2":"
Here’s a clearer and more structured explanation of how a correspondent tie-up agreement works in the context of cross-border money transfers and Money Services Businesses (MSBs): In the world of international money transfers, a common question is: Who is the payout partner and how do they operate? A payout partner in any country must be a licensed Money Services Business (MSB) or a money transfer operator. This applies whether you’re dealing with remittance, payment services, or banking services. In the United States, for example, a licensed entity wishing to facilitate payouts in a specific country must have a correspondent tie-up…<\/p>\n","category_list_v2":"","author_info_v2":{"name":"Faisal Khan","url":"https:\/\/faisalkhan.com\/author\/nomismad\/"},"comments_num_v2":"0 comments","yoast_head":"\n