Tag: Remittance as a Service

Can we start with our Mauritanian company?

Is approval by a solution provider (i.e. licensed financial institution) guaranteed?

Why do we have to pay you (Faisal Khan, LLC) the monthly fees for banking and why not the bank?

When is the referral fee due? Is it due once we are connected to a financial institution and an account has been opened with them?

Does the armored car service need to have a contract with your bank?

Are armored carriers allowed to pick up cash from Bitcoin ATM Operators and deposit it into their vault account and then transfer it over to our account?

What is my company’s role defined in all of this? What role do I play as a non-licensed entity?

Who will be in charge of ID verification process or KYC process? Will it be me or someone else?

I will be happy to pay a bigger reserve or something like that if we can have the limits raised to 5K, as only WorldRemit and Western Union offer those limits and that is the kind of company I want to have in the future if everything goes well.

How can there be fraud in the money transfer business? I don’t know about the business and want to know if it comes with some kind of chargeback or fraud protection for us.