Arizona Department of Financial Institutions issues two money transmitter licenses in Avondale during Q3

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The Arizona Department of Financial Institutions issued two money transmitter licenses in Avondale during the third quarter, according to the State of Arizona.

More than 99 percent of Arizona's businesses are considered small with more than 40 percent of Arizona employees working for a small business, according to the U.S. Small Business Administration.

A study by Civic Economics found that when $100 is spent at a locally-owned business, that business puts $47 back into the local economy while the total is just $13 for non-local businesses.

Licenses issued by Arizona Department of Financial Institutions during Q3
License HolderLicense TypeIssued DateLicense Number
TouchPay Holdings, LLC, Avondale, AZ BranchMoney Transmitter2020-08-17MT-BR-1011255
Check into Cash of Arizona, Inc., Avondale AZ BranchMoney Transmitter2020-08-25MT-BR-1011610

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