Nairobi, Kenya — VukaPay has strengthened its global payment infrastructure strategy through the registration of its Canadian entity, Wirpaid Limited, as a Payment Service Provider under Canada’s Retail Payment Activities Act.
The registration gives VukaPay a Canadian regulatory foothold as it expands its infrastructure-led role across Africa-global payment corridors.
It also provides banks, payment service providers, enterprise clients, settlement partners and treasury stakeholders with a clearer public reference point as the company builds trusted infrastructure for collections, payouts, cross-border payments, foreign exchange, digital settlement, reconciliation and API orchestration.
Africa’s digital payments economy is projected to reach $1.5 trillion by 2030, driven by rising internet access, mobile-first financial services, digital commerce, financial inclusion and the continued growth of cross-border trade.
At the same time, global payments revenues are expected to reach $3 trillion by 2029, reinforcing the scale of opportunity for payment infrastructure companies that can connect high-growth emerging markets to global financial systems.
