[72] What Are Remittances?

How to start a money transfer business? Some of your aspiring entrepreneurs might have wondered on that. I’ve written literally 1,000s of answers pertaining to this field and ow slowly one by one, I will make small 2-3 minute videos of these answers and post them on KZread.
Let’s start with the very basic: What Are Remittances?
ABOUT FAISAL KHAN
Faisal Khan is a banking/payments consultant specializing in cross-border payments and is a digital money evangelist. He is the co-host of Around the Coin, a weekly podcast on Payments & Fintech with over 18,000+ listeners. Mr. Khan is a talent scout for Series A & B financing for various fintech VCs/funds. He is also a frequent contributor to popular Q&A site Quora where he has been a Top Writer 6 consecutive years.
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- Blog: faisalkhan.com/blog/
- Blog on Medium: blog.faisalkhan.com/
#askfaisalkhan

Пікірлер: 38

  • @aldanemaragh342
    @aldanemaragh3423 жыл бұрын

    you have a amazing and incredible idea for Rimittance

  • @amanbhola8461
    @amanbhola84614 жыл бұрын

    Love from India!💝

  • @alparslankorkmaz2964
    @alparslankorkmaz29643 жыл бұрын

    Nicely explained.

  • @tmbarnz8863
    @tmbarnz88634 жыл бұрын

    very well delivered

  • @RiyaSharma-yj5lq
    @RiyaSharma-yj5lq3 жыл бұрын

    Thanks for this video

  • @laszloneduka9663
    @laszloneduka96632 жыл бұрын

    Thank you.....

  • @kaitlynmcc1590
    @kaitlynmcc15903 жыл бұрын

    these companies that send out statements with attached remittances are sending the "payment " already...they just need us to approve it /endorse it etc and send it back maxim of law "he who brings the controversy must bring the remedy" the problem with all this is that these companies seem to want to fight you tooth and nail to get fiat currency out of you instead

  • @yt_rylandsa495
    @yt_rylandsa4952 жыл бұрын

    Thanks a ton!!

  • @rodlenepaul4978
    @rodlenepaul49783 жыл бұрын

    like your work

  • @seharaslam9763
    @seharaslam97633 жыл бұрын

    Thank you

  • @lipsamalik6077
    @lipsamalik60773 жыл бұрын

    Thanks 😍

  • @subhanuddin3487
    @subhanuddin34872 жыл бұрын

    Easy understandable

  • @ankhimondal191
    @ankhimondal1912 жыл бұрын

    Thank u sir

  • @mdadilkhan7813
    @mdadilkhan78133 жыл бұрын

    Thanks

  • @manjitchoudhary1768
    @manjitchoudhary17683 жыл бұрын

    What does REMITTANCE means in " Auxiliaries to trade " ?

  • @kamranazeem3357
    @kamranazeem33573 жыл бұрын

    is remittance is also used for one city from another city money transfer?

  • @manjitchoudhary1768
    @manjitchoudhary17683 жыл бұрын

    Also please tell me what is overdraft?

  • @alexphilipose1351
    @alexphilipose13513 жыл бұрын

    Would a remittance slow inflation for the country losing the money?

  • @birajboro8196
    @birajboro81964 жыл бұрын

    Remittance any charges for money sending

  • @mayankchoudhary5055
    @mayankchoudhary50553 жыл бұрын

    Is sending money for buying matchinery from india to china also known as remmitance

  • @subhrabairagi2094

    @subhrabairagi2094

    3 жыл бұрын

    no

  • @snehalraibole8478
    @snehalraibole84782 жыл бұрын

    If a person working in UK earns 5000 uk pounds and sends money back to India, how much money is actually received in India after paying all the taxes? I really need to know this.

  • @rodlenepaul4978
    @rodlenepaul49783 жыл бұрын

    Please help democratize financial services for immigrants . Sign the petition.

  • @RemitTV
    @RemitTV4 жыл бұрын

    Is it possible to copy your video into our channel?

  • @faisalkhandotcom

    @faisalkhandotcom

    4 жыл бұрын

    Thank you, but no. I do not allow my material to be posted outside of my control/domain.

  • @zuhaibali6480
    @zuhaibali64803 жыл бұрын

    Sir

  • @gitakhatri7684
    @gitakhatri76844 жыл бұрын

    How remittance help in development of country?

  • @faisalkhandotcom

    @faisalkhandotcom

    4 жыл бұрын

    World Bank has published a LOT of information on it. I suggest you go there and read their reports.

  • @quentonlennon7233
    @quentonlennon7233 Жыл бұрын

    Could a PI send a leg of a payment journey to someone WITHOUT it being considered a "remittance" transfer, Faisal? I'm conscious that nowadays, there's such a fine line between what's considered remittance and what's not. What, for example, is a credit transfer?

  • @faisalkhandotcom

    @faisalkhandotcom

    Жыл бұрын

    The word remittance here is essential. Every transfer could be considered a remittance, but generically, a remittance transfer implies person to person. A credit transfer is a whole different transfer. A PI can certainly send a transfer; it would either be considered a P2P transfer or a B2B or even P2B/B2C. It depends on what the PI is structured for and how they are sending transactions across. But yes, a PI can send across a transaction that would not be considered a remittance transfer.

  • @quentonlennon7233

    @quentonlennon7233

    Жыл бұрын

    @@faisalkhandotcom thanks Faisal

  • @faisalkhandotcom

    @faisalkhandotcom

    Жыл бұрын

    @@quentonlennon7233 You're welcome.

  • @quentonlennon7233

    @quentonlennon7233

    Жыл бұрын

    @@faisalkhandotcom how about a b2c payment for a gambling winnings payout, Faisal? Under a PI license? Sounds ok? Would we construe that as non-remittance?

  • @faisalkhandotcom

    @faisalkhandotcom

    Жыл бұрын

    @@quentonlennon7233 Yes, that would be a non-remittance. If you would like to discuss further you can contact me via my website (faisalkhan.com/contact)

  • @ihsanbajwa3974
    @ihsanbajwa39742 жыл бұрын

    Remittance سے مراد وہ رقوم ہیں جو بیرون ملک کام کرنے والے ملک میں بھیجتے ہیں ۔۔۔۔۔کیا یہ معلومات درست ہیں؟؟؟؟

  • @gudduyadav2607
    @gudduyadav26073 жыл бұрын

    Thanks