What regulatory requirements must be met to run a business like PayPal?

Asked Jul 12, 2014· 1 answer ·Developed Markets, United States

Faisal KhanAnswered Jul 12, 2014

Depends in which part of the world you would like this to happen. In the US for example you would need Money Transmitter Licenses for all the 50 states. Once you have the licenses then you would like to search for a bank that would be willing to work with a new MSB and offer wallet services.

Money Services Business (MSB)Money Services Business License Money Transmitter Licenses (MTL)US Licensing Developed Markets United States

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