EN#0336 – Canadian PSP & MSB under FINTRAC, for sale

An opportunity to acquire a Canadian entity in British Columbia, holding registration as a Payment Service Provider (PSP) with the Bank of Canada and as a Money Services Business (MSB) with FINTRAC. The company is fully compliant, dormant, and offers a clean and flexible platform for firms seeking entry into the Canadian payments and fintech sector.

Key Highlights:

• Company Status & Structure: British Columbia-incorporated entity, currently dormant with no prior operational activity. The company maintains a clean structure with no legacy exposures, making it suitable for immediate deployment under a new business model.
• Regulatory Standing: Registered as a Payment Service Provider (PSP) with the Bank of Canada (registration confirmed in October 2025) and as a Money Services Business (MSB) with FINTRAC. The entity is in good standing, with its Annual Report submitted in March 2026 and no known regulatory issues.
• License Permissions:  The entity is authorized to perform key payment functions, including:
  • Authorization, transmission, reception, or facilitation of instructions relating to electronic funds transfers
  • Clearing and settlement services
  • Provision and maintenance of accounts held on behalf of end users
  • Holding of client funds pending transfer or withdrawal
  • Initiation of electronic funds transfers on behalf of end users
• Capital Requirements: There is currently no minimum regulatory capital requirement under the RPAA framework. The entity does not hold regulatory capital at present.
• Banking Structure: No operational or client bank accounts are currently in place, allowing the acquirer full discretion in establishing preferred banking relationships.
• Compliance Framework: Established policies and procedures are in place, including Risk Management and AML/KYC frameworks, supporting regulatory compliance and operational readiness.
• Financial Position: The company has no assets, debt, or liabilities, ensuring a clean acquisition profile. Current monthly expenses are negligible.
• Transaction Efficiency: The transfer of ownership can be completed efficiently, typically within 1–2 weeks, followed by notification to the Bank of Canada and FINTRAC, facilitating a streamlined acquisition process.

This Canadian PSP & MSB entity represents a compelling opportunity for firms seeking a regulated entry into the North American payments market, offering a rare combination of regulatory registration, clean structure, no capital requirements, and rapid time-to-market.

For further information on the sale of this Canadian PSP & MSB entity, please contact our Mergers & Acquisitions team at info@salvusfunds.com. More entities for sale can be found within our Entity Acquisition or Sale service. 

SALVUS Funds’ teams can be engaged for guiding on new license authorisations, ongoing regulatory compliance consultancy for licensed entities, and support in successfully acquiring ready-made regulated entities. 

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