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Your Path to Launching a Remittance Business
Whether you're a licensed MTO or exploring the sponsor/agent model, we have a path for you.
Choose Your Path
Two ways to launch your remittance business with WireSettle
Licensed MTOs
Already have your MTO license or in the process of obtaining one? Deploy the full WireSettle platform under your own regulatory framework.
- Full platform control
- Your own compliance framework
- Direct payout partner relationships
- Complete white-label branding
- Scalable as you grow
Sponsor / Agent Model
Want to enter the remittance market without obtaining your own license? Partner with an established sponsor to operate under their umbrella.
- No license required initially
- Faster time to market
- Leverage sponsor's compliance
- Access established corridors
- Path to future licensing
For Licensed MTOs
Deploy the full WireSettle platform under your license
Implementation Steps
Discovery
We understand your corridors, volumes, and requirements. You share your licensing status and target markets.
Solution Design
We design a solution matching your needs: modules, integrations, compliance rules, and branding.
Configuration
Platform setup including your branding, compliance workflows, user roles, and fee structures.
Integration
Connect payout partners, banking rails, and any third-party services for your corridors.
Testing & Training
UAT with your team, compliance sign-off, and comprehensive training for all user roles.
Go-Live
Launch with dedicated support. Ongoing optimization and scaling as you grow.
Sponsor / Agent Model
Enter the market faster under an established sponsor
How It Works
In the sponsor/agent model, you operate as an agent under an established, licensed MTO (the sponsor). They provide the regulatory umbrella, and you focus on customer acquisition and service.
WireSettle can facilitate these partnerships, connecting you with potential sponsors in your target markets.
Benefits
- No need for your own MTO license initially
- Operate under an established sponsor's regulatory umbrella
- Faster path to market
- Access to existing payout network
- Compliance handled by sponsor
- Build track record for future licensing
Path to Your Own License
Many successful MTOs started under the sponsor model to build their track record, understand the market, and develop their operations before applying for their own license. WireSettle supports this transition seamlessly.
Discovery Checklist
Before our first call, it helps to think through these areas:
Ready to Get Started?
Tell us about your plans and we'll help you choose the right path.