Paper Secures Payment Service Provider Registered from the Bank of Canada
Big News: Paper is now officially a Bank of Canada–registered Payment Service Provider (PSP) marking a new era of trust, innovation, and seamless money movement.
We’ve got major news to share — Paper is now officially registered as a Payment Service Provider (PSP) under the Bank of Canada’s Retail Payments Activities Act (RPAA).
This isn’t just a milestone for our team, it’s a huge win for Nigerians in Canada and for everyone who believes sending money home should be simple, fast, and transparent.
The PSP registration means Paper now operates under one of the highest regulatory standards in Canada, recognized by the Bank of Canada for our commitment to compliance, security, and innovation.
What This Means for You
This changes a lot but mostly, it gives you more confidence and protection every time you use Paper.
- More security, more peace of mind
Your transactions now run within the Bank of Canada’s regulated PSP framework protecting your money and your data at every stage.
- Smoother transfers
With stronger regulatory standing, Paper can now build deeper partnerships across Canadian banks and payment networks; meaning faster, more reliable money movement when you send home.
- A stronger foundation for innovation
This step allows us to continue building tools that support newcomers and immigrants from better transfers to smarter everyday financial solutions built for your lifestyle in Canada.
Why It Matters
The Bank of Canada’s new framework is reshaping Canada’s fintech landscape. For years, innovative financial companies have helped make payments faster and more accessible. Now, regulation is catching up ensuring that the ecosystem remains safe and transparent for all.
By earning this PSP registration, Paper joins a new generation of trusted, compliant fintechs shaping the future of cross-border payments in Canada.
And for our community that means more reliable service, faster growth, and the confidence that Paper isn’t just a fintech brand; it’s a regulated financial partner you can trust.
What’s Next
This milestone sets the stage for an exciting new chapter for Paper and our users.
Expect even faster transfers, stronger partnerships, and expanded services that make your financial life in Canada and your connection back home easier than ever.
Behind the scenes, our team is already building new ways to move money safely and efficiently across more countries, empowering the global Nigerian community wherever opportunity takes them.
Because when we say your hustle deserves smooth transfers, we mean it; no borders attached.
A Thank You to Our Community ❤️
From day one, Paper was built by and for the community. Every referral, every transfer, every feedback message; you made this possible.
We’re proud to be part of a new era of financial trust and inclusion in Canada, powered by immigrants, innovators, and dreamers like you.
This PSP isn’t the finish line, it’s the foundation for everything we’re building next.
📢 Stay Tuned
We’re just getting started. Keep an eye on blog and our socials for updates as we continue making money movement simpler, faster, and fairer for Nigerians in Canada and beyond.
