General Payment Topics | WiseAlt Payment Solutions

The Benefits of Multi-Currency IBANs for iGaming Companies

Using digital devices displaying various currency symbols and iGaming elements such as a tossed die, slot machine, and lottery tickets, with a focus on a digital IBAN payment interface

In the dynamic world of iGaming, where global transactions occur around the clock, the ability to manage multiple currencies efficiently is crucial for business success. Multi-currency IBANs represent a transformative solution for iGaming and Betting companies looking to streamline their operations and enhance user experience. Here, we explore the advantages of multi-currency IBANs and how having an integrated IBAN and checkout solution from the same payment provider can significantly benefit iGaming businesses.

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How Canadian MSB Can Open RPAA-Compliant Accounts: Segregated, Trust, and Fiduciary Options for FINTRAC and Bank of Canada Compliance

Digital illustration of a stylized bank vault or digital wallet with a padlock, representing MSB compliance with RPAA and FINTRAC through segregated accounts. Features include faint outlines of Canadian financial icons like the Bank of Canada and a maple leaf, with digital payment flows and a color scheme of blues, whites, and green accents.

Consulting and Support Services, General Payment Topics, Global Payment Acceptance, Payment Laws and Compliance / WiseAlt

As of March 2025, Money Services Businesses (MSB) in Canada must navigate a dual regulatory framework enforced by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) and the Retail Payments Activities Act (RPAA), overseen by the Bank of Canada. Under RPAA, MSB offering retail payment services—such as money transfers, currency exchange, or cryptocurrency wallets—must safeguard client funds in segregated accounts, trust accounts, or fiduciary accounts. Simultaneously, FINTRAC mandates registration and compliance with anti-money laundering (AML) and counter-terrorism financing (CTF) rules. For MSB, this means partnering with financial institutions to open RPAA-compliant accounts that align with FINTRAC obligations.

How Canadian MSB Can Open RPAA-Compliant Accounts: Segregated, Trust, and Fiduciary Options for FINTRAC and Bank of Canada Compliance Read More »