Grey Gets Its Payment Service Provider Status in Canada!
Grey, a Y Combinator-backed fintech, is now officially a payment service provider in Canada, enabling smoother cross-border payments
TechCabal
Verify original report
Hero image carried from the source feed. Verify imagery and captioning at TechCabal.
The readable version, with the source trail intact.
This page turns the linked publisher report into a plain-English briefing, while keeping the original article and image trail easy to check.
The useful update
- Grey is now a registered payment service provider (PSP) in Canada
- This registration is under the Retail Payment Activities Act (RPAA)
The stakes
- This registration enables Grey to streamline cross-border transactions for users
- It aims to solve issues related to slow settlement times and high costs in currency exchanges
The next check
- Grey's founders are Joseph Femi Aghedo and Idorenyin Obong
- The Canadian market is seeing a rise in demand for efficient cross-border payment solutions
Where this came from
-
01
Original report YC-backed fintech Grey registers as payment service provider in Canada
Publisher: TechCabal · Published Apr 30, 3:13 pm · techcabal.com
Open original -
02
TortoisePath layer TortoisePath Story Breakdown
Summary generated 4 months ago from the original report.
-
03
Visual trail 4 attributed source images
Image cards below keep the publisher attribution and link back to the original article.
Jump to images
The short version
Grey, a Y Combinator-backed cross-border payments platform, has been registered as a payment service provider (PSP) in Canada under the country’s regulatory framework for payments companies, the Reta…
YC-backed Grey has registered as a payment service provider (PSP) in Canada under the country’s Retail Payment Activities Act (RPAA)
The move builds on Grey’s earlier integration with Interac, a Canadian interbank network, which allows Grey users to send Canadian Dollars directly to any Canadian bank account
What happened
- Grey is now a registered payment service provider (PSP) in Canada
- This registration is under the Retail Payment Activities Act (RPAA)
- Grey’s integration with Interac allows users to send Canadian Dollars to any Canadian bank
- The company began in 2020 and focuses on offering multi-currency accounts
- Trade between Canada and Africa has seen significant growth in both exports and imports recently
Why this matters
- This registration enables Grey to streamline cross-border transactions for users
- It aims to solve issues related to slow settlement times and high costs in currency exchanges
- With increasing trade between Canada and Africa, Grey can tap into a growing market
- Being a registered PSP enhances Grey's credibility and reach in the fintech space
Open these next
Images published alongside the source story
Each image keeps its publisher, caption or article title, citation text, and a direct path back to the original article for verification.
TechCabal
Image from TechCabal via the original article.
TechCabal
Original articleGrey registers as payment service provider in Canada
Image from TechCabal via the original article.
TechCabal
Original articleGrey registers as payment service provider in Canada
Image from TechCabal via the original article.
TechCabal
Original articleGrey registers as payment service provider in Canada
Image from TechCabal via the original article.