Virtual Money Transfer Operator – How does it work?
From the Blog faisalkhanWhat exactly is a Virtual Money Transfer Operator (VMTO)? Virtual Money Transfer Operator? This is a question that is asked of me many times. A virtual money transfer operator is no different (in concept) from a Virtual Mobile Network Operator or a White-Labelled Affiliate selling Web Hosting. The concept is pretty straightforward and hinges on the understanding of three things, that a Virtual Money Transfer Operator must abide by: - The do not get to touch the funds. The flow of funds is such that only licensed Banks and MTO/MSB get to touch the money. - The agreement is one based that of an Affiliate. - The Licensed MSB provides a White-Labeled platform for you to operator on. Being an VMTO allows you to enter a market for which you may not directly be licenpakistanblogs.blogspot.comRead Full Post
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