CANADA
VancouverVerified business Pre-operational · infrastructure in development
Canadian B2B Cross-Border Payment Infrastructure
Cross-Border Payments for International Business
ALTA MONEY SERVICES LTD. (the “Company”) is planning to provide remitting or transmitting funds and foreign exchange dealing for verified business clients. Planned invoice and supplier-payment functionality forms part of remitting or transmitting funds. “Payment Services (PSP)” is the label used for that same planned functionality in the FINTRAC registration form; it is not a separate prescribed MSB service and does not create an additional transaction-volume category. No service is active.
Services are not operational. Availability depends on required registrations and legal requirements, an approved operating model, banking arrangements and implemented compliance controls.
Proposed payment path Pre-operational
COMPLIANCE
ReviewKYB / transaction reviewGLOBAL
Trade corridorsApproved payment routeStructured reviewAvailability subject to approvals and arrangements
01Business-first
Designed for documented commercial activity.
02Compliance-led
KYB and transaction review at the centre.
03Corridor-aware
Payment flows assessed case by case.
04Transparent status
Pre-operational and building responsibly.
The mandate
Infrastructure for trade, built with control in mind.
International businesses need payment coordination grounded in real invoices, identified counterparties and clear economic purpose.
Any future delivery model must be supported by approved written agreements and verified roles, instructions, funds flow, settlement, custody or possession and control, reporting allocation and access to records. No provider or execution partner is appointed, and no delivery model is approved.
See the proposed processPlanned solutions
Focused on documented commercial payment activity.
Money Remittance and Transmission
Planned remittance and transmission of documented business payments, including planned invoice and supplier-payment functionality, between identified counterparties. No service is active.
Foreign Exchange
Planned foreign exchange related to approved business payment flows.
Important
No service will be made available unless required FINTRAC registration is active, any applicable Bank of Canada requirements under the Retail Payment Activities Act are satisfied, the operating model is approved, and the required banking and compliance controls are implemented.
Industries under consideration
Trade sectors with documented commercial activity.
Preliminary business enquiries
Tell us, in general terms, about your business and proposed payment needs.
The Company welcomes preliminary enquiries from established businesses whose needs may align with the services under development. Do not email confidential documents, identity records, banking information or other sensitive information. The Company will arrange a secure delivery method if supporting records are later required.