Overview

While there is a significant distinction between Money Transfer and Special Money Transfer, there is only one little difference between Special Money Transfer and Agent Transfer. The difference lies in the availability of the PJP (Penyedia Jasa Pembayaran) license. To put it simply, Agent Money Transfer is a disbursement type of Special Money Transfer for companies who don’t hold a PJP license but want to provide disbursement service for its users.

In this model, Flip as PTD license holder is responsible for the entire flow from the user KYC to money transfer processing. The difference between Agent Money Transfer with other disbursements is that Flip will verify the user KYC and will only process transactions from approved users.

Special Money Transfer	Agent Money Transfer
Company who operates as a Money Transfer Company (Perusahaan Transfer Dana/Penyedia Jasa Pembayaran) where the company’s users are the original sender	Company who provides money transfer services for its users (where the company’s users are the original sender), but the company doesn’t have Money Transfer license (non-PJP/PTD), such as: PPOB and similar platforms.
In this model, Flip is a party who process the transaction only.Even though Flip asks for the sender’s KYC data, the KYC verification process itself is done by the company who also owns the PTD/PJP license.	This is partnership model where Flip is responsible for the entire flow from KYC to money transfer processing. Flip as PTD company will:  - verify the KYC - process the money transfer transaction