Tag: Principal License Holder

Do aggregators have to be approved and if so, how long does that take?

Is it possible to get the interbank (mid-market rate)?

How long does Remittance as a Service take to be up and running?

If we are a licensed money transfer company with extensive agreements with the payout countries, will the principal license holder agree to sign an agreement with us?

We want to expand untapped corridors where correspondence arrangements are needed and are not available. Would we be allowed to make a correspondence arrangement with Banks in that territory?

What is a KYC and is there an API for it? Is it for the beneficiary?

What is the timeline followed by your company after you accept a potential client?

Are there any restrictions on MSB licenses that we should know about?

What does it mean to acquire a Money Transmitter License (sponsorship)?

Isn’t the idea of ‘renting’ a license considered wrong? Could it have legal ramifications if we rented a license?

Are they (the principal license holder) going to hold some money? For example, if they got 100% from the customer, do they hold to the funds or will they release it all?

What does it mean to sponsor under their license?

Is there a monthly fee charged by the Principal License Holder?

How long does it take to sign the contract with the Principal License Holder providing us with regulatory coverage?

How many days will the owner of the license take to make a deposit (liquidation of the money) in my clients bank account?

Who sets the forex rate ? Is it the principal license holder or me as the business owner?

Are you the owner of the license to be rented?