Company Information

Get to know pay canada

Established by the Canadian Payments Act, Payments Canada is a public purpose organization responsible for the critical infrastructure of Canada's financial system. It owns and operates the country's national payment clearing and settlement systems, including Lynx (Canada's high-value payment system) and the Automated Clearing Settlement System (ACSS). The organization's mandate is to promote the safety, soundness, and efficiency of these systems. It brings together a wide range of financial institutions as members to make rules, set standards, and manage the evolution of payments in Canada, including leading the industry-wide payment modernization initiative.

Industry

Financial Electronic PaymentPRIMARY
Financial Other Service

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pay canada

Canada

Founded in

2010 (16 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Others

--/10

Reviews

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Regulated

Recommended

(73 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

FSCA

DFSA

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.