Would Qiwi be treated as a money-transfer service under U.S. regulations?

Asked Oct 8, 2015· 1 answer ·Americas, North America, United States

Faisal KhanAnswered Oct 8, 2015

This is classified as a Money Transmitter. The owner of the kiosks would either have to get money transmitter licenses or become an agent of one.

Depending on how it is setup, each location where the kiosk is replayed can be treated as a POS location or as a Branch Agent location.

Either way, it is money transmission.

Money Transmitter Licenses (MTL)Money Services Business (MSB)US Licensing Money Services Business License Americas North America United States

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