Dilendorf Law Firm assists clients with obtainining Money Transmitter Licenses (MTLs) to facilitate remittances flows between the U.S. and African Countries. We provide turn-key MTL solutions for launching cross-border remittance platforms and payment systems.
Our experienced FinTech lawyers regularly represent and consult companies in connection with obtaining MTL licenses to provide remittance services to Sudan, Senegal, Cameroon, Nigeria, Kenya, Zimbabwe, Sudan, and other regions in Sub-Saharan Africa.
Since 2010, sub-Saharan African countries accounted for eight of the 10 fastest growing immigrant populations in the United States. Approximately 2.1 million sub-Saharan African immigrants resided in the United States in 2019, representing 5 percent of the total foreign-born population of 44.9 million. For example, Kenya alone receives over $1 billion annually in remittances from the United States.
We are familiar with the federal and state regulatory nuts and bolts of successfully launching remittance flows from the United States to sub-Saharan Africa regions. Reliable payments rails play an essential role in many sub-Saharan African economies.