Skip to content Skip to main navigation Skip to footer

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

Yes, aggregators have to be approved. They would go through the same due diligence as a correspondent tie-up would and they too would need to sign a correspondent tie-up contract with the Principal License Holder. The approval times depend on the complexity of the tie-up and the organizational setup of the payout partner (banks are much slower than money transfer operators). Assume it would take 1-3 months.




Suggested Video(s)

Related Articles