Canada · Money service business
Paysend CA Limited
Trading asPAYSEND
Paysend CA Limited is a private company incorporated in Canada, with its office in Mississauga, Ontario. FINTRAC registers it as a money services business (M19598578). Revenue Québec licenses it under licence number 11874. The firm states that it is also registered with the Bank of Canada as a payment service provider under the Retail Payment Activities Act. It belongs to the Paysend group, and its LEI record names Paysend Group Limited (United Kingdom) as its direct and ultimate parent. Under the Paysend brand it offers personal customers in Canada international and domestic money transfers through its app and website.
Licences and registrations
Held by Paysend CA Limited (LEI 9845001EBE02D4AADE33). 1 entry 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 | M19598578 | Canada | Active | 2019-10-04 | Renews 2028-07-22 |
|
Search the register ↗ |
Trading names on the register: PAYSEND (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
Employees
Not published
Ownership
Group subsidiary
Paysend Group Limited
Firm type
Money remittance
Trades as Paysend
- Ownership
- According to its LEI record, Paysend Group Limited, a company incorporated in Scotland, is the firm's direct and ultimate accounting parent. The percentage held is not published.
- Direct parent
- Paysend Group Limited ↗, United Kingdom
- Head office
- 2800 Skymark Ave, Suite 300, L4W 5A6 Mississauga, Canada
- Founders
- Abdul Abdulkerimov · Ronald Millar
Online
- Websites & references
- paysend.com ↗
paysend.com ↗ Paysend group global site
developer.paysend.com ↗ Paysend group API documentation - Official social accounts
- LinkedIn ↗ · X ↗ · Facebook ↗ · Instagram ↗ · YouTube ↗ · TikTok ↗
Sources · 7 pages consulted
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Its own licences
FINTRAC registers the firm as a money services business, and Revenue Québec licenses it as a money services business. The firm states that it is registered with the Bank of Canada as a payment service provider under the Retail Payment Activities Act.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) Canada | Money services business registration (money transmitter / remittance) | M19598578 | In its own name | Active | paysend.com ↗ |
| Revenu Québec Canada | Money services business licence | 11874 | In its own name | Active | paysend.com ↗ |
| Bank of Canada Canada | Registered payment service provider under the Retail Payment Activities Act | — | In its own name | Active | paysend.com ↗ |
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
- Not disclosedThe firm's terms state that it is not a bank or deposit-taking institution. They also state that amounts held with it are not covered by deposit insurance and earn no interest. They do not describe how customer funds are safeguarded.
- Payment schemes and card networks
- Interac e-Transfer Access not stated cloud.paysend.com ↗
Mastercard Access not stated cloud.paysend.com ↗
Visa Access not stated cloud.paysend.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
It sends money from Canada to more than 170 countries, according to the Paysend brand. Transfers can be paid out to cards, bank accounts, digital wallets or for cash pick-up, depending on the destination. Domestic transfers within Canada use Interac e-Transfer. Its terms limit the account to personal use.
The firm serves personal customers in Canada, including Quebec, and its terms are governed by Canadian and provincial law.
- Sells to
- Consumers
- Serves customers in
- Canada
- Latest funding round
- USD 65m Apr 2024
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
- Ben Chisell Group CEO (Paysend group)
- Chair
- Abdul Abdulkerimov Executive Chairman & Co-Founder (Paysend group)
- Chief financial officer
- Wilhelm Rohde Chief Financial Officer (Paysend group)
- Founder
- Ronald Millar Co-Founder & Founder's Office (Paysend group)
Recent events
Researched 29 Sep 2026 · Sources
-
Licence
The Central Bank of the UAE granted the Paysend group in-principle licence approval, according to a Paysend press release.
paysend.com ↗ -
Funding
Claret Capital Partners made a USD 25 million follow-on investment in the Paysend group, according to Finovate.
finovate.com ↗ -
Leadership
The Paysend group appointed Ben Chisell as Group Chief Executive Officer with immediate effect.
paysend.com ↗ -
Funding
The Paysend group announced a USD 65 million investment round that included strategic backing from Mastercard.
paysend.com ↗
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
- M19598578
- BIC
- Holds no BIC in Swift’s directory
- How the LEI was matched
- Matched by Elucidate to GLEIF on name and country only
- Elucidate firm ID
- 47ee70f2996a
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
- Licensed in
- Canada · North America
- First registered
- 2019-10-04
- Website
- www.paysend.com ↗
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
- Paysend Group Limited · United Kingdom635400ZL83VTRYH8ML13 ↗
The Paysend Group Limited group has 4 institutions in the directory, in 3 countries: 3 hold a BIC and 1 does not.
Including Paysend Eu Designated Activity Company, Paysend PLC, Paysend PLC.
See the Paysend Group Limited group →Group membership follows the accounting-consolidation relationships reported to GLEIF. It does not show ownership shares or control.
Addresses
- Address on the register
- 1942 - 130 KING STREET WEST, TORONTO, M5X 1E0
- 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>9845001EBE02D4AADE33</LEI>
<Nm>PAYSEND CA LIMITED</Nm>
<PstlAdr>
<PstCd>M5X 1E0</PstCd>
<TwnNm>TORONTO</TwnNm>
<Ctry>CA</Ctry>
<AdrLine>1942 - 130 KING STREET WEST</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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