Applying to Operate a Remittance Service Business
There are different application processes in applying to operate as a remittance service provider or an agent.
Both processes require an application form and a personal biographical report.
Remittance Service Providers (formerly Money Transfer Service Providers)
Belize’s remittance service providers accept cash, cheques or other monetary instruments in one location, and then pay a corresponding sum to a beneficiary in another location through a communication, message, transfer or clearing network to which the remittance service provider belongs. This excludes the post office’s sale of postal money orders, and all transactions in Belize are conducted in Belize dollars.
Remittance Service Providers are authorized to operate under the National Payment System (NPS) Act and are required to follow the Money Transfer Service Providers Guidelines.
Remittances should only be conducted with service providers and agents approved by the Central Bank of Belize. See current Approved Listing (PDF).