Money remittance business plan

You can also imbibe it as an e- payment process for e-commerce sites to use and receive payments from their online Clients and Customers.

How to make a money transfer website

It is perhaps one of the most vital documents that will give you a sense of semblance every day to get your bearings right. X Verification In line with our security and compliance measures, we oversee the ID checks and address verification of remitters when they register with us to transfer money. We intent offering online money remittance services to a segment of migrant workers to a selected countries. A commitment to an annual review of charges for all of our clients. In spite of some companies' efforts to minimize the importance of the broker, our clients still identify with the broker, not the insurance company. What is the exchange rate like? Will opt for Delaware or Florida? To offer our customers excellent remittance services, at a reasonable price, and provide outstanding customer experience, measured by minimum 5 percent yearly sales growth, and customer complaints less than 1 percent. Go out into the real-world and interview potential customers. Weekly Reports - In a bid to carry monitoring activities regularly, our weekly reports are designed to help your business tread ahead sustainably and successfully.

We are well positioned to take on the available market in Los Angeles — California and we are quite optimistic that we will meet our set target of generating enough income from the first six months of operation and grow the business and our clientele base. You may decide to go public and offer shares to the public.

Why would they choose you? Company Summary Global Fund Remit is an Amsterdam-based financial service company that is concentrating on money remittance for migrant workers.

Money transfer business profit margin

Which banks will you work with to execute the transactions? They send for school fees or upkeeping. You may decide to go public and offer shares to the public. They send money to establish personal properties. What is the average amount being remitted right now? The client will first create an account with us genuine personal details and submit, copies of ID or passport. We have a robust team of experts who are available 24X7 to provide business solutions and handle customer related queries. Register a Company-: You have to register a company to operate as a legal entity. In order to implement our strategic goals, we will focus on developing the following tools.

If YES, then i advice you read on. We also have a fully equipped support system in place for our business partners and through them our end-customers.

Money transfer business in india

Will there be agents working for your business, and what will be the duties of the agents? Our remittance platform is designed to meet rigorous demands of scalability and security. Additional information about investor's interest, entry, and exit strategy is available in the important assumptions section of this plan. Your only action point is to ensure your customers know where to find you. Go with the best company you can afford to make your compliance program. Company Summary Global Fund Remit is an Amsterdam-based financial service company that is concentrating on money remittance for migrant workers. When they had verified their account with us, gives them the opportunity to remit money to their relatives in Ghana, Nigeria and other countries to be added. Our proprietary Application Program Interface API serves as the ideal platform for potential partners to plug seamlessly into the money transfer business. Global Fund Remit has been profitable, but recently we have had declining market share due to disappointment by our business partnerhad and this must be addressed. Who do they currently use? We also provide services to people who wants to transfer money to their accounts overseas.

Go with the best company you can afford to make your compliance program. The new investor would be invited to discuss the quantity and quality of the stock to be issued, before the incorporation procedures are started. Register a Company-: You have to register a company to operate as a legal entity.

mobile money business plan pdf

This process is both time consuming and is of high security risk. GFR will concentrate on the unserved niche of money transfer segment of small remittances ranging from 20 to maximum of Our distribution networks will consist of major local banks and mobile money operators.

Put a Plan Together You should be very clear as to what your transaction set would look like. This is to ensure that our customer experience is par excellence.

Rated 10/10 based on 109 review
Download
Become a Money Transfer Agent