Canadian MSB – RPAA Application Submitted

This opportunity offers the acquisition of a Canadian Money Services Business (MSB) that is already registered with FINTRAC and listed as an applicant with the Bank of Canada under the Retail Payment Activities Act (RPAA).
The application was submitted prior to the closure of the RPAA application window, creating a material regulatory advantage for buyers seeking to operate payment services in Canada without starting from zero.
Regulatory Status
• FINTRAC-registered MSB
• Bank of Canada RPAA application formally submitted and under review
• Application includes:
- Business plan
- Transaction and settlement flows
- Client onboarding and KYC model
- Governance and compliance framework
• Full documentation available for due diligence
Key Strategic Advantage:
Because the RPAA application was submitted before the cutoff, the MSB may continue operating as a Payment Service Provider while the Bank of Canada review is ongoing, subject to compliance with applicable obligations.
This significantly reduces time-to-market compared to new entrants that missed the application window and must wait for regulatory reopening.
This is a regulatory timing opportunity, not a shortcut or workaround.
Operational Continuity:
• Existing owner/UBO is willing to:
- Remain involved during a defined transition period
- Support bank, EMI, and PSP onboardings
- Assist with regulatory and operational handover
• Transitional involvement offered for an ongoing fee
Ideal Buyer Profile
• Fintechs, PSPs, or payment platforms seeking fast market entry and/or global expansion
• Groups requiring faster operational readiness under RPAA
• Buyers prioritizing regulatory positioning and continuity over speculative licensing
Why This Asset Is Rare
• RPAA application window is currently closed
• New PSP applicants face extended uncertainty and delays
• This structure preserves optionality while maintaining regulatory alignment
Commercial terms available upon request.