--- title: "Paypal Canada Co. · MSB (FINTRAC) · Canada | Elucidate" description: "Paypal Canada Co. is registered with FINTRAC for anti-money-laundering supervision as a msb in Canada. Licence N300001939. LEI 254900SN6YHPWK5DNX12. Register status, licences, activities and ownership." url: https://elucidate.co/directory/paypal-canada-co-976fdd94cd4b --- 1. [Directory](https://elucidate.co/directory) 2. [Canada](https://elucidate.co/directory/country/ca) 3. Paypal Canada Co. Canada · Money service business # Paypal Canada Co. Trading as PAYPAL · 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. Register status Registered for AML supervision in Canada MSB · FINTRAC AML registration only [2 licences and registrations ↓](https://elucidate.co/directory/paypal-canada-co-976fdd94cd4b#licences) BIC **No BIC** LEI **[254900SN6YHPWK5DNX12](https://search.gleif.org/#/record/254900SN6YHPWK5DNX12)** [Licence no. **N300001939**](https://elucidate.co/directory/paypal-canada-co-976fdd94cd4b#licences) [Group: Paypal Holdings, Inc.](https://elucidate.co/directory/group/5493005X2GO78EFZ3E94) ## 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 Registry](https://elucidate.co/directory/register/fintrac-msb) FINTRAC | MSBMoney Transmitter / Remittance | N300001939 | [Canada](https://elucidate.co/directory/country/ca) | Active | 2026-09-16 | Renews 2028-09-16 | - Money remittance - Currency exchange - Payment services - Crowdfunding | [Search the register ↗](https://fintrac-canafe.canada.ca/msb-esm/msb-eng) | | [Money Services Business Registry](https://elucidate.co/directory/register/fintrac-msb) FINTRAC | MSBMoney Transmitter / Remittance | M19890412 | [Canada](https://elucidate.co/directory/country/ca) | Ceased | 2019-10-18 | Ended 2026-08-21 | - Money remittance - Currency exchange - Payment services - Crowdfunding | [Search the register ↗](https://fintrac-canafe.canada.ca/msb-esm/msb-eng) | 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](https://elucidate.co/directory/paypal-canada-co-976fdd94cd4b#overview-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.](https://elucidate.co/directory/paypal-pte-ltd-pyptsgs2), 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 ↗](https://www.paypal.ca/) - **Official social accounts:** None found Sources · 9 pages consulted 1. [paypal.com/ca/legalhub/paypal/useragreement-full](https://www.paypal.com/ca/legalhub/paypal/useragreement-full) 2. [paypal.com/ca/legalhub/home?country.x=CA&locale.x=en\_CA](https://www.paypal.com/ca/legalhub/home?country.x=CA&locale.x=en_CA) 3. [paypal.com/ca/legalhub/paypal/platform-seller-agreement](https://www.paypal.com/ca/legalhub/paypal/platform-seller-agreement) 4. [paypal.com/ca/legalhub/paypal/pocpsa-full](https://www.paypal.com/ca/legalhub/paypal/pocpsa-full) 5. [paypal.com/ca/legalhub/paypal/ceagreement-full?locale.x=en\_CA](https://www.paypal.com/ca/legalhub/paypal/ceagreement-full?locale.x=en_CA) 6. [paypal.com/ca/legalhub/paypal/debitcard-full?locale.x=en\_CA](https://www.paypal.com/ca/legalhub/paypal/debitcard-full?locale.x=en_CA) 7. [paypal.ca](https://www.paypal.ca/) 8. [paypalobjects.com/webstatic/en\_CA/ua/pdf/ua.pdf](https://www.paypalobjects.com/webstatic/en_CA/ua/pdf/ua.pdf) 9. [bankofcanada.ca/regulatory-oversight/retail-payments/psp-registry/](https://www.bankofcanada.ca/regulatory-oversight/retail-payments/psp-registry/) ## Authorisation Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/paypal-canada-co-976fdd94cd4b#overview-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](https://elucidate.co/directory/paypal-canada-co-976fdd94cd4b#overview-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). [paypal.com ↗](https://www.paypal.com/ca/legalhub/paypal/useragreement-full) - **Acquirer / processor:** GPC Financial Corporation [paypal.com ↗](https://www.paypal.com/ca/legalhub/paypal/ceagreement-full?locale.x=en_CA) - **Acquirer / processor:** GPUK LLP United Kingdom [paypal.com ↗](https://www.paypal.com/ca/legalhub/paypal/ceagreement-full?locale.x=en_CA) - **Payment schemes and card networks:** Visa Through a partner [paypal.com ↗](https://www.paypal.com/ca/legalhub/paypal/ceagreement-full?locale.x=en_CA) Mastercard Through a partner [paypal.com ↗](https://www.paypal.com/ca/legalhub/paypal/ceagreement-full?locale.x=en_CA) 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](https://elucidate.co/directory/paypal-canada-co-976fdd94cd4b#overview-sources) - E-money wallet - Domestic payments - International money transfer - Merchant acquiring - Payment gateway - Payouts and mass payments - FX conversion 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](https://elucidate.co/directory/paypal-canada-co-976fdd94cd4b#overview-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 - **LEI:** [254900SN6YHPWK5DNX12 ↗](https://search.gleif.org/#/record/254900SN6YHPWK5DNX12) - **How the LEI was matched:** Matched by Elucidate to GLEIF on name, country and address - **Elucidate firm ID:** 976fdd94cd4b ## Profile - **Type:** Money service business - **Regulation:** AML registration only - **Main licence class:** Money Transmitter / Remittance - **Activities:** - Money remittance - Currency exchange - Payment services - Crowdfunding - **Licensed in:** [Canada](https://elucidate.co/directory/country/ca) · North America - **First registered:** 2019-10-18 - **Website:** [www.paypal.ca ↗](https://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.](https://elucidate.co/directory/paypal-pte-ltd-pyptsgs2) · Singapore[549300ZO4GNVXIBGHK94 ↗](https://search.gleif.org/#/record/549300ZO4GNVXIBGHK94) - **Ultimate parent:** Paypal Holdings, Inc. · United States[5493005X2GO78EFZ3E94 ↗](https://search.gleif.org/#/record/5493005X2GO78EFZ3E94) 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.](https://elucidate.co/directory/paypal-europe-s-a-r-l-et-cie-s-c-a-pplxlull), [PayPal Hong Kong Limited](https://elucidate.co/directory/paypal-hong-kong-limited-408d5f83d4db), [Paypal Pte. Ltd.](https://elucidate.co/directory/paypal-pte-ltd-pyptsgs2), [Paypal UK LTD](https://elucidate.co/directory/paypal-uk-ltd-pyptgb22), [Hyperwallet Systems Australia PTY LTD](https://elucidate.co/directory/hyperwallet-systems-australia-pty-ltd-b9ec1c7ae217). [See the Paypal Holdings, Inc. group →](https://elucidate.co/directory/group/5493005X2GO78EFZ3E94) 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 ```xml 254900SN6YHPWK5DNX12 PAYPAL CANADA CO. M5G 1M1 TORONTO CA 506-661 UNIVERSITY AVENUE ``` 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. ## Related institutions ### Same group - [Hyperwallet Systems Inc. BIC HYSYCA81 Non-financial corporate Not on a tracked register Canada · Not on a tracked register · LEI 5493000K7I01NNSZ9X66](https://elucidate.co/directory/hyperwallet-systems-inc-hysyca81) - [Paypal Europe, S.A R.L et Cie, S.C.A. BIC PPLXLULL Credit institution Prudential licence Luxembourg · On the ECB list of supervised entities · LEI 549300ZV1RSA9F0LU821](https://elucidate.co/directory/paypal-europe-s-a-r-l-et-cie-s-c-a-pplxlull) - [PayPal Hong Kong Limited No BIC Payments & e-money Prudential licence Hong Kong SAR China · Licensed by Hong Kong Monetary Authority (HKMA) · SVF0008 (HKMA-SVF) · LEI 549300SKO1BSTONRKQ46](https://elucidate.co/directory/paypal-hong-kong-limited-408d5f83d4db) - [Paypal Pte. Ltd. BIC PYPTSGS2 Payments & e-money Crypto Prudential licence Singapore · Licensed by Monetary Authority of Singapore (MAS) (MAS-MPI) · LEI 549300ZO4GNVXIBGHK94](https://elucidate.co/directory/paypal-pte-ltd-pyptsgs2) - [Paypal UK LTD BIC PYPTGB22 Payments & e-money Prudential licence United Kingdom · Licensed by FCA · 994790 (FCA-EMI) · LEI 5493000JZXMYSD1G6W13](https://elucidate.co/directory/paypal-uk-ltd-pyptgb22) - [PayPal Digital, Inc. No BIC Money service business AML registration only United States · Registered with FinCEN (FINCEN-MSB) · LEI 254900QAT0N4N31HEZ60](https://elucidate.co/directory/paypal-digital-inc-41baaa9c9b99) - [PayPal, Inc. · trading as Braintree, Hyperwallet No BIC Money service business AML registration only United States · Registered with FinCEN (FINCEN-MSB) · LEI 549300V0S9JWU0W9X264](https://elucidate.co/directory/paypal-inc-3a3fa12b29f2) - [Hyperwallet Systems Aus Pty LTD BIC HSATAU21 Non-financial corporate Not on a tracked register Australia · Not on a tracked register · LEI 54930005XCDE0V0KOV19](https://elucidate.co/directory/hyperwallet-systems-aus-pty-ltd-hsatau21) [All 11 institutions in the Paypal Holdings, Inc. group →](https://elucidate.co/directory/group/5493005X2GO78EFZ3E94) ### Other money service businesses in Canada - [Bitpay Inc. No BIC Crypto Money service business AML registration only Canada · Registered with FINTRAC · M23611454 (FINTRAC-MSB) · also on FINCEN-MSB · LEI 254900IYKQ2CK7J70T91](https://elucidate.co/directory/bitpay-inc-7a693cb6c5fc) - [Cambridge Mercantile Corp. · trading as CORPAY, SOCIETE FINANCIERE CAMBRIDGE, CAMBRIDGE GLOBAL PAYMENTS No BIC Money service business AML registration only Canada · Registered with FINTRAC · C10001224 (FINTRAC-MSB) · No LEI mapped](https://elucidate.co/directory/cambridge-mercantile-corp-665e0ff0dbe2) - [Coinbase, Inc. · trading as COINBASE No BIC Crypto Money service business AML registration only Canada · Registered with FINTRAC · C10001547 (FINTRAC-MSB) · also on FINCEN-MSB · LEI 549300QHD76EP6ZKTT48](https://elucidate.co/directory/coinbase-inc-ef8fcf0ac213) - [Fast Pace Transfer (Canada) Limited No BIC Money service business AML registration only Canada · Registered with FINTRAC · N300000322 (FINTRAC-MSB) · No LEI mapped](https://elucidate.co/directory/fast-pace-transfer-canada-limited-a75d29d2b965) - [1000588131 Ontario Inc. · trading as FALAMAK EXCHANGE No BIC Money service business AML registration only Canada · Registered with FINTRAC · N300000281 (FINTRAC-MSB) · No LEI mapped](https://elucidate.co/directory/1000588131-ontario-inc-42646b240527) - [1308246 Ontario LTD. · trading as SUPER KABUL FARMS SUPERMARKET, SUPER KABUL SUPERMARKET No BIC Money service business AML registration only Canada · Registered with FINTRAC · N300000784 (FINTRAC-MSB) · No LEI mapped](https://elucidate.co/directory/1308246-ontario-ltd-212ba347a209) - [13148483 Canada Inc · trading as GLOBALFOREX FINANCE No BIC Crypto Money service business AML registration only Canada · Registered with FINTRAC · N300000191 (FINTRAC-MSB) · No LEI mapped](https://elucidate.co/directory/13148483-canada-inc-3639f0591604) - [1318234 Ontario Inc · trading as TORONTO LATINO No BIC Money service business AML registration only Canada · Registered with FINTRAC · C10001394 (FINTRAC-MSB) · No LEI mapped](https://elucidate.co/directory/1318234-ontario-inc-107bbb212e88) [See all →](https://elucidate.co/directory/search?type=msb&cc=CA) [Other entries on FINTRAC-MSB →](https://elucidate.co/directory/register/fintrac-msb) ### In Elucidate research - [Beyond the BIC: why we built one directory for banks and regulated payment firms](https://elucidate.co/blog/beyond-the-bic-bank-and-firm-directory) 28 September 2026 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 →](https://elucidate.co/directory/methodology) Register for this page - **Money Services Business Registry**—Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) · [source ↗](https://fintrac-canafe.canada.ca/msb-esm/msb-eng) 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)](https://elucidate.co/ratings) is an independent score of the financial crime risk of banks and payment institutions. [Book a demo](https://elucidate.co/demo-request) Licence and registration data are drawn from the public registers of the regulators named on each page and shown for information only; the official register is always the authority. LEIs and ownership are from GLEIF. Directory and gpi data are drawn from SWIFT's public sources. SWIFT, Swift gpi and UETR are trademarks of S.W.I.F.T. SC, Avenue Adèle 1, 1310 La Hulpe, Belgium. Elucidate is not affiliated with, endorsed by or sponsored by SWIFT or any regulator named here. Elucidate does not provide payment or other financial services.