YC-backed fintech Grey registers as payment service provider in Canada
- Grey has been registered as a payment service provider in Canada under the Retail Payment Activities Act.
- The platform integrates with Interac, allowing users to send Canadian Dollars directly to Canadian bank accounts.
- Merchandise exports from Canada to Africa grew by 13% between 2019 and 2024.
Grey's registration as a payment service provider in Canada is a significant milestone that not only enhances its operational capabilities but also positions it strategically within the growing trade corridor between Canada and Africa. This move could lead to increased efficiency in cross-border transactions and potentially lower costs for users, making it a noteworthy development in the fintech landscape.
