What happens under a RaaS program when you want to use a specific provider in the beneficiary country?
There are two options you can exercise:
Option A: The PLH (Principal License Holder) may already have an existing relationship with a settlement and payout partner in the beneficiary country. This option can result in one of two scenarios:
- You like their rates/network, and decide to carry on.
- You do not like their rates/network and decide not to carry on with their existing provider and ask them to reconsider option B.
This brings us to Option B:
You can request the PLH to establish a new correspondent tie-up with the preferred partner you would like them to work with within the beneficiary country. Please ensure this during the time of your negotiation with the partner. The PLH reserves all rights not to enter into an agreement, however, in most cases they oblige if you have a solid case.