WapiPay Obtains Canadian License, Accelerating Cross-Border Payment Layout
The cross-border payment platform WapiPay has obtained the Canadian MSB license, officially entering the North American market. This move will provide cross-border sellers with more diverse payment settlement options, particularly in connecting emerging markets with developed markets.
What are the key facts?
- 1Obtained Canadian MSB license
- 2Business covers currency exchange, payment services
- 3Supports digital asset trading
What happened?
Fintech company WapiPay announced that it has obtained the Money Services Business (MSB) license issued by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). The company will leverage this license to provide currency exchange, payment, and digital asset trading services in Canada, further expanding its global payment network.
What does this mean for cross-border sellers?
Sellers should pay attention to emerging payment channels like this one to reduce cross-border settlement costs and improve capital turnover efficiency in the North American market.