Canada · Money service business
Paypal Canada Co.
Trading asPAYPAL · PAYPAL, HYPERWALLET, XOOM, BRAINTREE
PayPal Canada Co. is a company incorporated in Nova Scotia with its principal place of business in Toronto. The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) registers it as a money services business. It is the contracting entity for Canadian PayPal accounts. It belongs to the PayPal Holdings, Inc. group, and its LEI record names PayPal Pte. Ltd. of Singapore as its direct parent. It offers consumers and businesses resident in Canada accounts for sending, receiving and holding money, and online card payment services for merchants.
Licences and registrations
Held by Paypal Canada Co. (LEI 254900SN6YHPWK5DNX12). 2 entries on 1 of the 22 tracked registers, retrieved 25 September 2026.
| Register | Licence | Number | Jurisdiction | Status | Registered | Ends | Activities | Register entry |
|---|---|---|---|---|---|---|---|---|
| Money Services Business RegistryFINTRAC | MSBMoney Transmitter / Remittance | N300001939 | Canada | Active | 2026-09-16 | Renews 2028-09-16 |
|
Search the register ↗ |
| Money Services Business RegistryFINTRAC | MSBMoney Transmitter / Remittance | M19890412 | Canada | Ceased | 2019-10-18 | Ended 2026-08-21 |
|
Search the register ↗ |
Trading names on the register: PAYPAL (FINTRAC-MSB), PAYPAL, HYPERWALLET, XOOM, BRAINTREE (FINTRAC-MSB)
- Each licence applies in the country of the regulator that granted it.
- Registers are tracked in 37 countries. Licences granted elsewhere are not recorded here.
Swift network
Swift’s ISO 9362 BIC directory
Holds no BIC in Swift’s directory.
Its LEI is not mapped to a BIC in the Swift and GLEIF BIC-to-LEI relationship file.
Overview
Researched 29 Sep 2026 · Sources
Customers
Not published
Employees
Not published
Ownership
Group subsidiary
PayPal Pte. Ltd.
Firm type
E-money and accounts
Trades as PayPal
- Standing
- FINTRAC shows the firm's money services business registration M19890412 as ceased on 21 August 2026. A new registration, N300001939, has been active since 16 September 2026 and expires on 16 September 2028.
- Ownership
- According to its LEI record, PayPal Pte. Ltd. of Singapore is the direct parent for accounting consolidation and PayPal Holdings, Inc. of the United States is the ultimate parent.
- Direct parent
- PayPal Pte. Ltd., Singapore
- Ultimate owner
- PayPal Holdings, Inc., United States
- Head office
- MaRS Centre, West Tower, 661 University Avenue, Suite 506, M5G 1M1 Toronto, Canada (registered office: C/O Charles S. Reagh, 600-1741 Lower Water Street, Halifax, NS B3J 0J2, Canada)
Online
- Websites & references
- paypal.ca ↗
- Official social accounts
- None found
Sources · 9 pages consulted
- paypal.com/ca/legalhub/paypal/useragreement-full
- paypal.com/ca/legalhub/home?country.x=CA&locale.x=en_CA
- paypal.com/ca/legalhub/paypal/platform-seller-agreement
- paypal.com/ca/legalhub/paypal/pocpsa-full
- paypal.com/ca/legalhub/paypal/ceagreement-full?locale.x=en_CA
- paypal.com/ca/legalhub/paypal/debitcard-full?locale.x=en_CA
- paypal.ca
- paypalobjects.com/webstatic/en_CA/ua/pdf/ua.pdf
- bankofcanada.ca/regulatory-oversight/retail-payments/psp-registry/
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Its own licences
FINTRAC registers the firm as a money services business for money remittance, currency exchange, payment services and crowdfunding. Its user agreement states that it safeguards customer funds by a method permitted under the Retail Payment Activities Act, which the Bank of Canada supervises.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) Canada | Money services business registration (money remittance, currency exchange, payment services, crowdfunding) | N300001939 | In its own name | Active | — |
Licences and registrations the research found, at home and abroad, as the firm and its regulators publish them. The Licences and registrations card shows the entries on the registers the directory tracks.
Partners and safeguarding
Researched 29 Sep 2026 · Sources
- Safeguarding
- Segregated safeguarding accountsThe firm states that it pools customer funds in accounts at eligible financial institutions that are used for no other purpose. It holds those funds in trust for customers unless it uses another method permitted by the Retail Payment Activities Act. The funds are not insured by the Canada Deposit Insurance Corporation (CDIC).
- Acquirer / processor
- GPC Financial Corporation
- Acquirer / processor
- GPUK LLP United Kingdom
- Payment schemes and card networks
- Visa Through a partner paypal.com ↗
Mastercard Through a partner paypal.com ↗
Banks and regulated firms the firm says hold its customers’ money, issue its cards, sponsor its accounts or settle its payments, as it discloses them in its terms and notices.
Products and markets
Researched 29 Sep 2026 · Sources
The firm provides PayPal personal and business accounts for sending, receiving and holding balances in several currencies, with withdrawals in Canadian dollars only. It also provides online card processing, payouts and platform seller services to merchants. The FINTRAC register lists Hyperwallet, Xoom and Braintree as its trading names.
The firm's user agreement applies to Canada PayPal accounts only. Individual account holders must be resident in Canada, and business account holders must be organised in, operating in or resident in Canada.
- Sells to
- Consumers · Small businesses · Enterprises · Platforms and marketplaces
- Serves customers in
- Canada
Recent events
Researched 29 Sep 2026 · Sources
The research found no fines, investigations, security incidents, licence changes or corporate events from the last three years.
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, security incidents, licence changes, funding rounds, acquisitions and leadership changes. Each links to its source.
Identifiers
- Licence no. · FINTRAC-MSB
- N300001939
- Licence no. · FINTRAC-MSB
- M19890412
- BIC
- Holds no BIC in Swift’s directory
- How the LEI was matched
- Matched by Elucidate to GLEIF on name, country and address
- Elucidate firm ID
- 976fdd94cd4b
Profile
- Type
- Money service businessRemittance, currency exchange, cheque cashing and money orders. Usually registered with an anti-money-laundering supervisor rather than licensed prudentially. Taken from the licences on the tracked registers.
- Regulation
- AML registration onlyRegistered with an anti-money-laundering supervisor (FinCEN, FINTRAC, HMRC, AUSTRAC, Hong Kong Customs…) without a prudential licence.
- Main licence class
- Money Transmitter / Remittance
- Activities
- Money remittance
- Currency exchange
- Payment services
- Crowdfunding
- Licensed in
- Canada · North America
- First registered
- 2019-10-18
- Website
- www.paypal.ca ↗
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
Ownership and group
GLEIF relationship records
- Direct parent
- Paypal Pte. Ltd. · Singapore549300ZO4GNVXIBGHK94 ↗
- Ultimate parent
- Paypal Holdings, Inc. · United States5493005X2GO78EFZ3E94 ↗
The Paypal Holdings, Inc. group has 11 institutions in the directory, in 7 countries: 6 hold a BIC and 5 do not.
Including Paypal Europe, S.A R.L et Cie, S.C.A., PayPal Hong Kong Limited, Paypal Pte. Ltd., Paypal UK LTD, Hyperwallet Systems Australia PTY LTD.
See the Paypal Holdings, Inc. group →Group membership follows the accounting-consolidation relationships reported to GLEIF. It does not show ownership shares or control.
Addresses
- Address on the register
- 506-661 UNIVERSITY AVENUE, TORONTO, M5G 1M1
- Country
- Canada
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
This institution holds no BIC. A CBPR+ message identifies it by name and postal address, and may add its LEI or a clearing code.
- Identified by
- Name and postal address, with its LEI
- Postal address
- Hybrid: town, postcode and country in their own elements, the rest in one address line
<FinInstnId>
<LEI>254900SN6YHPWK5DNX12</LEI>
<Nm>PAYPAL CANADA CO.</Nm>
<PstlAdr>
<PstCd>M5G 1M1</PstCd>
<TwnNm>TORONTO</TwnNm>
<Ctry>CA</Ctry>
<AdrLine>506-661 UNIVERSITY AVENUE</AdrLine>
</PstlAdr>
</FinInstnId>CBPR+ identifies the instructing and instructed agents by BIC only. An institution without a BIC can be the debtor, creditor or an intermediary agent.
The values are as published by the register. Check them against your own records before use.
Sources & method
Register entries come from the public registers of financial regulators, standardised into one taxonomy. LEIs are matched through GLEIF, and a BIC is linked only through a shared LEI.
An institution missing from these registers is not necessarily unregulated.
Register entries are not matched against the OFAC or EU sanctions lists. Where the legal entity also holds a BIC, the matches for that BIC are on its page. Always screen against the official lists.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Register for this page
- Money Services Business Registry—Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) · source ↗ as at 25 September 2026
- Ownership and group—GLEIF Level 2 relationship records (accounting consolidation), matched by LEI.
- Overview, authorisation, partners, products, leadership and events—researched per institution by an AI model with web search, from the firm's own website, terms and filings, regulators' registers and notices, company registers and news. Licences, partners, figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
Assess the financial crime risk behind a licence
A licence records what an institution is authorised to do; it does not assess it. The Elucidate FinCrime Index (EFI) is an independent score of the financial crime risk of banks and payment institutions.
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