In summary, there are 3 ways to enter the remittance market in the US, 1) obtaining your own licenses, 2) through an agreement with a company that has the licenses to operate (this is the way we currently work), and 3) operating a digital platform where the whole process is done by the MSB, and we never touch the funds. Is this correct?
Montana does not require a money transmitter license, so if I register a company there am I exempt from money transmitter licenses?
Can we apply for a Lithuanian license if we are already incorporated in Ireland? That would be our preferred option given that we’ll need to staff operations in whatever country we do get our license.
With a US sponsored solution provider for Remittance-as-a-Service, would we also be able to use Europe as sending corridors?