Money Transmitter License: US Remittance & Payments Solution
Money Transmitter License US Remittance & Payments Solution: The Problem The US Remittance market is one of the largest in the world. 2014 figures show US (outgoing) remittances were US$ 130.851 Billion (Source: World Bank) An interactive view of Remittances around the World, especially the US can be seen here: https://faisalkhan.com/remittances Banks, Money Transfer Operators and Commercial Companies outside the US are not allowed to solicit clients from the US without being registered with FinCEN and having Money Transmitter Licenses for each state in which they do business. ...