PassimPay has officially secured a Money Services Business (MSB) registration with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), marking a significant milestone for its international payment gateway. This registration (No. C100000852) allows PassimPay to offer regulated crypto payment services to businesses in 122 countries, supporting a diverse range of 74+ digital assets. The move directly addresses the growing demand for compliant, cross-border merchant solutions that can bypass traditional banking friction.
The registration was facilitated through NILESPAY FINANCE INC., providing the necessary legal framework to operate within strict Canadian anti-money laundering (AML) and counter-terrorist financing (CTF) guidelines. In the current 2026 regulatory environment, such registrations are essential for crypto gateways seeking to attract institutional clients and large-scale e-commerce vendors who require high standards of transparency. By anchoring its operations in a Tier-1 jurisdiction like Canada, PassimPay signals a commitment to long-term stability in the volatile payments sector.
For US-focused businesses and international partners, the FINTRAC registration adds a layer of trust, as Canadian regulations are often viewed as a benchmark for transparency in North America. This expansion signifies a broader push toward the mass adoption of crypto-native merchant solutions, facilitating seamless settlements in various digital currencies. As global trade increasingly utilizes blockchain rails, having a regulated entry point becomes a competitive advantage for merchants operating across multiple continents.
Moving forward, market participants should watch for further license acquisitions in other major jurisdictions, such as the EU or the US, to complement this Canadian foothold. As the regulatory landscape for payment processors continues to tighten throughout 2026, PassimPay's ability to maintain compliance across a wide array of tokens will be a key indicator of the scalability of decentralized finance tools in the traditional business sector.