Could a compliant cross-border bill payment service (for example, from the U.S. to Mexico or Indonesia) operate without remittance licenses?

Asked Jun 2, 2014· 1 answer ·Americas, Indonesia, Mexico, North America, United States
Faisal KhanAnswered Jun 2, 2014
If you're paying local bills in the beneficiary country from the US, this is not possible without registering with FinCEN as well as obtaining a Money Transmitter Licenses in the States from which you are on-boarding customers.

Having said that, there are a couple of companies that could aid you with the license and regulatory aspect if convinced of your business model.
Money Transmitter Licenses (MTL)Money Services Business LicenseMoney Services Business (MSB)US Licensing AmericasIndonesiaMexicoNorth AmericaUnited States
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