Mapletrite, a Canadian financial technology company focused on cross-border payments and digital financial services, has officially been registered as a Payment Service Provider (PSP) by the Bank of Canada under the Retail Payment Activities Act (RPAA).
The registration marks a significant milestone in the company’s growth journey and reinforces its commitment to compliance, security, consumer protection, and operational excellence.
Founded with a mission to simplify global payments, Mapletrite enables individuals and businesses to send and receive money internationally through a secure and user-friendly platform. The company currently serves customers across Canada, the United Kingdom, the European Economic Area (EEA), Nigeria, Kenya, Ghana, South Africa, Zambia, Tanzania, and Zimbabwe.
In addition to its regulatory achievement, Mapletrite has established a subsidiary in the United Kingdom to support its European expansion strategy and enhance access to global payment corridors.
The company has also completed the second phase of security testing for its platform and
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