• Enabling Real-Time Payment Settlements for Global Merchants
Theparkpay Technologies, a leading licensed fintech specializing in secure and compliant cross-border payment solutions, is pleased to announce that it has been granted a Payment Service Provider (PSP) Licence in Canada by the Bank of Canada under Retail Payment Activities Act (RPAA).
The new licence complements Theparkpay’s existing Money Services Business (MSB) Licence in Canada, significantly expanding the company’s regulatory capabilities and strengthening its ability to deliver faster, more secure, and fully compliant payment solutions for businesses worldwide.
The newly acquired PSP Licence enables Theparkpay to participate more efficiently within the payment ecosystem, supporting enhanced payment processing, real-time settlement capabilities, and broader payment infrastructure services.
Together, both licences reinforce Theparkpay’s commitment to regulatory excellence while providing customers with a more seamless and efficient payment experience.
