Money Transfer

The domestic money transfer business offers a colossal opportunity for individuals to become money transfer agent (money transfer agency). As a proxy indicator of the size of the domestic remittance market, India Post handled 96 million money orders last year. 1 With an average remittance of Rs.780 the total value comes to around Rs.75 billion. This is just a fraction of the total size of the remittance business in India, as most domestic remittances follow other formal and informal routes.

The online money transfer business or the money transfer agency provides huge earning potential in terms of commissions earned on domestic as well as international money transfer. The volume of the money transfer business is very high resulting into huge profits for the agents and thereby achieving self sufficiency in terms of income generation. It has become a very lucrative business for most individuals desirous of starting business of their own.

A white label is a website on your domain/ brand name with integrated software to serve certains services. It is a pre tested and verified software meant for specific services. So you need not to spend money and time on development, it is ready for use, you just have to focus on marketing and networking, ultimately that is the core strength of this business. For having a white label solution, you company/enterprise should be a registered entity like proprietorship/ partnership/ limited liability partnership firm or a public limited/ private limited company with all necessary KYC documents like PAN card, Company incorporation number, address proof.