Le Lézard
Classified in: Science and technology, Business

Pundi X completed the registration with FINTRAC as the money services business in Canada


SINGAPORE, March 27, 2023 /PRNewswire/ -- Pundi X, a leading developer of blockchain-based payment solutions, announced that it has been registered with FINTRAC as a Money Service Business in Canada. This registration enables Pundi X to conduct virtual currency and payment service provider businesses in the country, and marks an important milestone in the company's expansion efforts.

"We are thrilled to complete this registration from Money Service Business, which allows us to offer our innovative blockchain-based payment solutions to customers in Canada," said Zac Cheah, CEO and Co-founder of Pundi X Labs. "We believe that blockchain technology can revolutionize the way people make payments, and we are excited to bring our solutions to the Canadian market."

The registration with FINTRAC allows Pundi X to operate as a money service business in Canada. The company can now provide services related to the virtual currencies, as well as payment processing services. Pundi X is committed to complying with all relevant regulations and ensuring that its services are secure, reliable, and user-friendly.

"We are committed to providing our customers with the best possible web3 payment solutions, and we are confident that our technology will be well-received in Canada," said Cheah. "We look forward to working with businesses and individuals across the country to help them streamline their crypto payment processes and take advantage of the benefits of blockchain technology."

About Pundi X Labs

Based in Singapore, Pundi X was founded in 2017 with the aim of harnessing the power of blockchain technology to make a more secure and inclusive world. The company is responsible for developing the XPOS, a point-of-sale smart device that allows brick-and-mortar stores to transact on the blockchain.

Pundi X has also been selected as one of the top 50 Innovative Fintech Startups in 2018 by KPMG and H2 Ventures, cool vendors in blockchain business by Gartner, and top 10 fintech leaders by Singapore Fintech Association.

For more information, visit https://www.pundix.com

SOURCE Pundi X


These press releases may also interest you

at 05:00
VyOS Networks and Iquall Networks Forge Strategic Collaboration to Advance Network Solutions
VyOS Networks and Iquall Networks are excited to announce a strategic collaboration, marking a significant milestone in their commitment to advancing network solutions. This partnership combines the strengths of both organizations to foster...

at 05:00
Portland General Electric Announces First Quarter 2024 Results
Portland General Electric Company today reported net income based on generally accepted accounting principles (GAAP) of...

at 05:00
Strong & Precious Art Foundation Explores Trypillian Culture at this year's GemGeneve
As GemGenève gears up for its 8th edition, the Strong and Precious Art Foundation is thrilled to announce that it will be participating in the prestigious show for the fifth time, showcasing the rich heritage of Trypillian culture. Spanning a period...

at 04:58
SILVERCORP TO ACQUIRE ADVENTUS, CREATING A GEOGRAPHICALLY DIVERSIFIED MINING COMPANY BY ADDING THE ADVANCED EL DOMO PROJECT
Silvercorp Metals Inc. ("Silvercorp") and Adventus Mining Corporation ("Adventus") are pleased to announce that the parties have entered into a definitive arrangement agreement (the "Arrangement Agreement") pursuant to which Silvercorp has agreed...

at 04:50
Tecnotree Achieves Strong Q1 2024 Results with Sustained Revenue Growth and Enhanced Profitability
Tecnotree, a global digital platform and services leader for AI, 5G, and cloud-native technologies, today announced its financial results for the first quarter of 2024, demonstrating solid growth with a 4.7% increase in revenue. The company...

at 04:39
Kamux expands its showroom network in Germany
Kamux, a company specializing in omnichanel trading of preowned cars, continues to expand its operations in Germany and opens a new showroom in Siershahn, Southwest Germany, in May 2024. The new showroom is located close to Koblenz, Bonn, Wiesbaden...

More news about Business...


News published on and distributed by: