The money transfer business is a reliable business to operate in that people’s need to send money across borders will forever be evergreen. It’s also a line of work that doesn’t involve the messiness of mom-and-pop store businesses like stocking …

Common Risks With Running A Money Transfer Business Read more »

KNOW YOUR CUSTOMER , words concept on Asphalt with Yellow Dividing Line.

The rise of the digital world and remote-based work has led to the creation of more job opportunities for everyone across the globe where people are operating in a borderless economy and as such, has led to an increase in …

Top KYC and AML Technologies Every Money Service Business Must Adopt Read more »

Wooden word block AML on the white background with glasses and magnifier. AML Anti Money Laundering Financial Bank Business Technology Concept

The business of money transfer is attractive to criminals looking to launder money or even non-criminals seeking legal loopholes to escape some form of legal payment imposed on their earnings by the law, hence the usefulness of anti-money laundering (AML). …

Understanding Anti-Money Laundering (AML) and Why it Matters Read more »

Close-Up Man Hand And Giving Turkish Lira. Finance And Economy.

Financial crimes/frauds are common within the money service business space, especially smurfing and structuring. They come in different shapes and sizes, be they, domestic issues, international issues, or both. Domestic crimes are bad, when these crimes involve offshore and international …

The Difference Between Smurfing & Structuring – Financial Crimes Read more »

people in a local african market buying food items

The fintech payment frenzy is going global, and Africa is latching onto it. So far this year four of the continent’s fintech firms have reached or exceeded billion-dollar valuations, more than doubling Africa’s population of “unicorns”.  Globally, the unicorn status …

Africa’s Payments Industry Set to be Overrun by Fintechs Read more »

Coronavirus Covid-19

Early 2020 people woke up in the morning, kissed their families goodbye, and headed to work; we’re about to explore post-COVID opportunities in remittance. Companies and local shops opened for business at scheduled times, served a market, and closed as …

Post-COVID Opportunities in Remittance and Payments – for Money Service Business Read more »

Currency exchange, money transfer, FinTech financial technology, Global business, online banking, interbank payment concept. Man using mobile phone and laptop computer with international currencies and world map on virtual screen

The first thing we would say to you on deciding to start your money transfer business is “Congratulations!”  You are stepping into a $682 billion industry that promises to keep growing.  The demand for international and domestic remittance is set …

7 Things You Need to Start a Money Transfer Business Read more »

Hand Holding Turkish Banknote

‘Money never settles’. If that statement means anything, it is as true as it sounds. Money continues to change hands as people and businesses use it in daily transactions. If it was easy for societies to do this during the …

The Way People Use Money Vs. the Way Businesses Move Money Read more »