Money Transfer License Canada CA - Faisal Khan and Company

Canada Money Transfer License

If you have been thinking about starting a money transfer service from Canada, then you are well aware of the hurdles like getting up and running in the land of the maple leaf! Because there are very few banks in Canada (compared to the US), access to an MSB Friendly Bank is going to be your toughest challenge.

In Canada, the financial services regulator for money transfers is Fintrac

We provide an affiliate model with licensed money transfer companies that allows you to launch a service from Canada as your own brand. We provide access to banking, license coverage, payment processing, compliance, KYC/AML, etc. all as a turnkey solution.

Remittance-as-a-Service (or RaaS) till now has not been offered in Canada. We’ve spent over 3+ years refining the product, aligning ourselves with the regulations and on-boarding the requisite parties to be able to offer this service.

Who is this service for?

  • If you are a startup or incumbent, but do not have access to the Canadian money transfer market, then this might be just the solution you’ve been looking for.
  • If you are an operator outside of Canada and are looking at a white-label service to start money transfer services within Canada or cross-border from Canada.
  • If you are a licensed money transfer operator in Canada and are feeling the pressure due to de-risking, losing clients, want to go online, but have limited marketing budget, then pool your license with other license holders and take advantage of the collaborative platform that allows you to expand your services without compromising your license or your existing banking relationship.

To learn more, please fill out the contact form and choose “Want/Need help with Canada License“.

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