Ensure compliance with Canada's Retail Payment Activities Act. Let our experts guide you through the registration process seamlessly.
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The Retail Payment Activities Act (RPAA) requires most Money Service Businesses (MSBs) to register as Payment Service Providers (PSPs) with the Bank of Canada between November 1-15, 2024. Previously, Canadian fintech and payment companies only registered as MSBs with FINTRAC, focusing on anti-money laundering. The RPAA introduces broader compliance obligations.
Here are some of the more popular types of companies/business models that will likely have to register under the RPAA:
Register your Payment Service Provider (PSP) under the Retail Payment Activities Act (RPAA) with Renno's expert assistance.
Register your Payment Service Provider (PSP) under the Retail Payment Activities Act (RPAA) with Renno's expert assistance
Maintain a framework to manage operational risks, including the protection of client funds and data, third-party service providers, business continuity, cybersecurity, and fraud.
Our experts guide you through each step, ensuring all RPAA requirements are met efficiently and accurately.
Choose the Right Plan for Your Business Needs
We offer tailored RPAA registration packages designed to meet the unique requirements of your Payment Service Provider (PSP). Our comprehensive services ensure you navigate the RPAA registration process with ease and maintain full compliance. Select the package that best suits your needs:
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