[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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Пікірлер: 38
you have a amazing and incredible idea for Rimittance
Love from India!💝
Nicely explained.
very well delivered
Thanks for this video
Thank you.....
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
Thanks a ton!!
like your work
Thank you
Thanks 😍
Easy understandable
Thank u sir
Thanks
What does REMITTANCE means in " Auxiliaries to trade " ?
is remittance is also used for one city from another city money transfer?
Also please tell me what is overdraft?
Would a remittance slow inflation for the country losing the money?
Remittance any charges for money sending
Is sending money for buying matchinery from india to china also known as remmitance
@subhrabairagi2094
3 жыл бұрын
no
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.
Please help democratize financial services for immigrants . Sign the petition.
Is it possible to copy your video into our channel?
@faisalkhandotcom
4 жыл бұрын
Thank you, but no. I do not allow my material to be posted outside of my control/domain.
Sir
How remittance help in development of country?
@faisalkhandotcom
4 жыл бұрын
World Bank has published a LOT of information on it. I suggest you go there and read their reports.
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
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
Жыл бұрын
@@faisalkhandotcom thanks Faisal
@faisalkhandotcom
Жыл бұрын
@@quentonlennon7233 You're welcome.
@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
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)
Remittance سے مراد وہ رقوم ہیں جو بیرون ملک کام کرنے والے ملک میں بھیجتے ہیں ۔۔۔۔۔کیا یہ معلومات درست ہیں؟؟؟؟
Thanks