PhotonPay Strengthens North American Regulatory Footprint with Canada's RPAA Registration

PhotonPay today announced that its Canadian operating entity, Photon Dance CA Inc., is now registered with the Bank of Canada as a payment service provider (PSP) under Canada's Retail Payment Activities Act (RPAA). The registration brings its in-scope retail payment activities within Canada's federal supervisory framework, which establishes requirements for operational risk management, incident response, regulatory reporting and the safeguarding of end-user funds.

The registration adds to PhotonPay's growing regulatory presence in North America, alongside its Canadian FINTRAC MSB registration, U.S. FinCEN MSB registration and money transmitter licenses across multiple U.S. states. With 35 payment licenses, regulatory authorizations and registrations across the Americas, Europe and Asia, PhotonPay continues to build the local foundations for its next-generation Financial OS. By bringing together multi-asset wallets, global collections and payouts, foreign exchange, card issuing and embedded finance, the platform connects traditional fiat payment infrastructure with stablecoin capabilities to support businesses managing financial operations across markets.