A money transmitter license is a legal requirement when starting your money transfer business. So, if you are classified as a money service business (MSB), you will be required to apply for and obtain a money transmitter license. Money transmitter licenses (MTL) are not cheap. They are pretty expensive, and you will have to wait … Continue reading Obtaining a Money Transmitter License
Data on remittances is an important, but often controversial, topic. Some people might challenge the data collection methods while others find the studies too narrow. The fact is that there are not many trusted sources that can be used to search the required data. As someone who wants to start their own remittance business, you … Continue reading Data on Remittances – Best Sources
Article I wrote on Quora on How to Start a Money Transfer Business. Many a times, I get a request from people asking me to recommend a book or something that would tell them how to start a money transfer business. I wrote a heurestic answer on Quora on the same subject. The answer can … Continue reading Start a Money Transfer Business?
Learn how to start a new remittance transfer business If you have been thinking of starting a new money transfer business, then you've come to the right place. I will be sharing a lot of information on how to set up a brand new money transfer company. Whether you do Person-to-Person (P2P) payments, Business-to-Consumer (B2C) … Continue reading How To Start A Money Transfer Business
Starting a remittance business might seem challenging, but once you know the ins and outs of the industry, you're ready to roll. When looking how to start a remittance business, it is important that you spend time researching, reading and understanding what the business entails. Getting into the details is extremely important as money transfer … Continue reading How to Start a Remittance Business