Remittance Companies Without EU License

Uses Cases

Joining the EU without license hassle.

Via Belmoney RaaS

Who benefits from our service?

A licensed remittance company in the U.S. (e.g., licensed in NY, FL, or CA), with a strong client base sending money to Africa, Latin America, or Asia — but no presence or license in Europe.

Problem:

The company wants to reach African or Latin American diaspora living in Europe (France, Spain, Belgium, Germany…), but:

It doesn’t hold a PSD2 license

It can’t process SEPA or EU card payments

Compliance and setup costs are too high and slow

Risk of fines or shutdown if operating without proper registration

Solution:

Belmoney RAAS + Compliance Umbrella

Belmoney allows the U.S. remittance company to:

Accept payments from customers in Europe under Belmoney’s regulated infrastructure

Use Belmoney’s EU license, KYC/AML, SEPA access, card processing

Plug into Belmoney via API or white label

Route funds to their existing payout corridors (Africa, LatAm, etc.)

How it works

1

A Senegalese customer in France uses the U.S. company’s app or website

2

They choose to pay with SEPA, card, iDEAL, or Bancontact

3

Belmoney collects the funds in Europe, handles compliance, and passes the transaction to the U.S. partner

4

The money is delivered via the U.S. company’s payout network

A Senegalese customer in France uses the U.S. company’s app or website

They choose to pay with SEPA, card, iDEAL, or Bancontact

Belmoney collects the funds in Europe, handles compliance, and passes the transaction to the U.S. partner

The money is delivered via the U.S. company’s payout network

Benefits for the U.S. Company

Enter the EU market without getting licensed
Launch in weeks, not years
Unlock new revenue from the African/LatAm diaspora in Europe
Full compliance coverage: PSD2, AML, transaction monitoring
Keep your brand, UX, and payout partnerships

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