How can a physical calling card business expand into the money transfer industry?

Almost anywhere in the world, you cannot unilaterally expand your calling card business and offer money transfer services. The money transfer space is regulated, and hence either you go an obtain a license yourself or work with an existing money transmitter license holder.

Here is a typical transaction flow of how a physical retail distribution model of calling cards can be connected to the money transfer business. This is just one example, you can have multiple facets to this like:

• IVR
• Phone-Minutes Exchange
• Carrier Billing (Minutes Exchange)