The cross-border payments platform is now approved to operate within Canada’s payments framework, building regulatory infrastructure ahead of its Canadian market entry.
The RPAA came into force in 2024 and is supervised directly by the Bank of Canada; making Canada one of the few countries where a central bank oversees retail payment regulation. Registration requires demonstrating compliance with rigorous standards for operational risk management, end-user fund safeguarding, and business continuity. The framework has teeth: in February 2026, the Bank ordered one registered PSP to immediately cease all retail payment activities after it failed to properly safeguard end-user funds.
Registration requires demonstrating — through evidence and review — that a company’s compliance infrastructure, financial discipline, and operational frameworks are sound enough to be trusted with payment flows in Canada. Getting approved by a G7 central bank, signifies a new future for our Canadian corridor products.
The registration reflects a deliberate choice. Rather than waiting until market entry forces regulatory compliance, Juicyway is building its regulatory foundation ahead of the products that will depend on it. When services launch in Canada, they will operate on infrastructure that has already been reviewed and approved by Canada’s central bank.
Canada is home to one of the largest African diaspora populations in North America, with growing demand for cross-border payment services that connect Canadian residents to African markets. Juicyway’s registration positions the company to serve this corridor with the same infrastructure-first approach it has applied across its existing markets.
“Regulatory trust is not built at the moment you need it,” said Ife Johnson, Founder and CEO of Juicyway. “It is built before. Canada’s RPAA is supervised by the central bank itself, and being registered under it is a deliberate statement about the kind of company we are building.
Juicyway serves over 2,200 enterprises and 17,000 individuals, having processed more than $4 billion in transaction volume across African currency corridors and beyond.
Businesses and individuals can learn more at juicyway.com.
About Juicyway
Founded in 2021, Juicyway is a cross-border payments platform enabling Africans and African businesses to move money globally with speed and transparency. The company has processed over $4 billion in transaction volume, serving businesses across Africa, the UK, North America, and beyond.