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From the bustling streets of Nigeria to the heart of Canada's tech hubs, here's how Chimoney is set to change the financial world, backed by Techstars. 🚀🌟

I am excited to share that we're now backed by [Techstars](https://www.techstars.com/portfolio?q=chimoney), one of the world's most renowned startup accelerators!

But how did we get here? What are we doing right now? And where are we doing?

At the heart of every invention lies a story, often deeply personal and rooted in real-world challenges. My journey with Chimoney is no different. When I first conceived the idea of Chimoney, it was more than just another fintech venture. It was a vision - a dream to connect every payment network globally, ensuring seamless fund flow to anyone, anywhere, regardless of currency, country, or financial status. Today, as I sit down to write about this significant milestone in Chimoney's journey, I'm overwhelmed with a whirlwind of emotions, gratitude and excitement, and memories.

&nbsp;
## From Nigeria to Canada: A Dream, A Struggle

My journey into the world of fintech was not just a mere business endeavor. It was personal.  Growing up in Nigeria, I've seen the challenges people face when making cross-border transactions or simply trying to get paid for their hard work. The barriers, the delays, the fees - it seemed so unnecessarily complicated. 

Moving from Nigeria to the snowy landscapes of Canada was a decision fueled by dreams of a brighter future. The UofS promised a world of opportunities. But those dreams were soon clouded by the harsh realities of financial struggles, an outcome of government instability back home. Each day became a race against time, with the looming threat of unpaid tuition and a [jeopardized student visa status and deportation.](https://medium.com/@uchi/i-could-not-pay-my-tuition-and-i-almost-dropped-out-of-university-79fdb54414)

Yet, amidst this chaos, the dream persisted. Through sheer determination and countless hours of hard work, I not only graduated but went on to contribute to tech giants like Shopify, RBC, and IBM Canada. Success in the corporate world, however, didn't mean the end of my journey; it was just the beginning. Today marks the beginnings of another new beginning for Chimoney!

&nbsp;
## The Birth of Chimoney
Inspired by the zeal to give back and create a community to connect ambitious Africans to tech opportunities globally, I founded AfricaHacks, a platform nurturing innovation and entrepreneurship among African youth. But an all too familiar challenge resurfaced. Paying winners spread across Africa and in 10 other nations became a painstaking task, echoing the financial challenges I faced years ago.

This obstacle, ironically, became the inception of Chimoney. A platform designed not just as a business but as a solution to a problem millions face daily.

&nbsp;
## What Sets Chimoney Apart
In a world teeming with fintechs, what sets Chimoney apart? What sets Chimoney apart is not just its audacious vision but also its proven capability. Our system is designed to manage high-volume payouts across countries, geographies, and payment networks, ensuring businesses can trust us for their most demanding payment needs. Our unwavering commitment to creating a platform free from regulatory risks. Imagine a world where businesses could send money globally using just an email or phone number. A world where recipients, irrespective of where they are, can access their funds seamlessly, cashing out through banks, mobile money, airtime, crypto and more.

The global payments ecosystem is vast, with trillions flowing cross-border annually. As businesses expand their horizons and remote work embeds itself in our culture, the quest for straightforward, secure global payouts is more relevant than ever. Chimoney taps into this immense potential, offering a solution that's both innovative and intuitive.

Yet, every innovation comes with its set of challenges. In the fintech world, it's the intricate labyrinth of regulations and the ever-present foreign exchange risks. But, Chimoney turned these challenges into opportunities. By forging alliances with local entities globally, we ensure adherence to regional regulations, simultaneously leveraging local expertise to mitigate foreign exchange risks. This local-global approach ensures our users experience unparalleled convenience without the usual hassles.

Our vision goes beyond just transactions; we aim to seamlessly facilite the flow of funds, ensuring businesses can trust us as the ONE PLATFORM with their high-volume payout needs across all countries, geographies and payment networks with security, and compliance priortized.

**Today, Chimoney’s solutions are tailored for:**
- Global businesses trying to remunerate remote teams, contractors, affilaites and community members.
- Reward platforms aiming to simplify payouts and reward redemption.
- Gig economy platforms trying to streamline payments.
- And any business that values the power of truly global transactions.

With the global payouts market expanding rapidly, Chimoney offers an unmatched solution that promises not just social impact but a robust business model.

Are you a business looking to simplify your global payouts? [Discover how Chimoney can revolutionize your payment processes.](https://chimoney.io/blogs/on-building-a-network-of-payment-networks-at-chimoney)


[![Chimoney - Homepageimage_.png](/uploads/Chimoney_Homepageimage_3d7827b4b0.png)](http://chimoney.io/)

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## How Chimoney works

With Chimoney, anyone can [send bulk payouts](https://chimoney.io/payouts) to emails or phone numbers with just a few clicks. There's no need to collect complicated bank details. Whether you need to pay one person or a million people, we've got you covered.

The process is essentially the same, and our users can send bulk payments to a global audience, saving them a lot of time and headaches. Efficiency is at the core of what we do. We're here to streamline the process, eliminate the hurdles, and make financial transactions a breeze.

In a world where traditional banking systems can be slow, expensive, and exclusionary, Chimoney offers a refreshing alternative.

We also provide other fintechs with access to our Chimoney APIs, giving them a chance to scale without breaking the bank and supercharge their growth to effectively serve their markets. Our support for these startups allows them to access Chimoney’s partner perks and discounts, send global payouts, convert payments from multiple currencies, and cash out to bank accounts, mobile money, 300+ gift cards, and airtime in 15 currencies while earning profit – all this with our 24/7 dedicated support.

At Chimoney, we believe that by uplifting others, we have a greater chance to achieve our mission of unlocking economic opportunity for everyone.

&nbsp;
## Chimoney x Techstars: A Match Made in Startup Heaven

Our alignment with Techstars is a testament to our vision and the potential they see in Chimoney. Techstars is renowned for nurturing startups, providing mentorship, investment, and resources that propel startups to new heights of success. The program aligns seamlessly with our vision of simplifying global payments and fostering financial and economic empowerment.

As we embark on this new chapter, our commitment remains unwavering: to revolutionize global payouts, making them as simple as sending an email.


Our acceptance into Techstars Toronto is a validation of our vision and the impact we're making. We're excited to work with Techstars to accelerate our growth and further our mission of financial inclusion.


&nbsp;
### Why Techstars?

Techstars, with its proven track record of nurturing startups into industry-leading giants, resonated with our mission. Their faith in our vision is not just about funds; it's a testament to the potential they see in us. It's about collaboration, growth, and pioneering innovations. When you think of top companies emerging from accelerators, Techstars always makes the list, often debated alongside names like Y Combinator.

[![Uchi Uchibeke, Sunil Sharma at IDEA.jpeg](/uploads/Uchi_Uchibeke_Sunil_Sharma_at_IDEA_971ab730e0.jpeg)](https://www.linkedin.com/feed/update/urn:li:activity:7082342164264878080?utm_source=share&utm_medium=member_desktop)
_Vinay Paramanand, City of Mississauga, Ontario, Sunil Sharma, Managing Director, Techstars Toronto with Uchi Uchibeke, CEO, Chimoney_

&nbsp;
## A Personal Note from Uchi

As I reflect on this significant milestone, I'm reminded of the African Proverb quote “If you want to go fast, go alone, if you want to go far, go together”. This journey, from conceptualizing Chimoney to now partnering with Techstars, has been filled with challenges and triumphs. But the consistent thread through it all has been the unwavering support from our users, our team, and believers in our vision. And we are constantly looking to collaborate and form strategic partnerships that align with our mission and propel us to new heights.

To our potential partners and clients, I invite you to experience the Chimoney difference. Let's redefine global payouts together.

And to our users, partners, and every individual who's been a cornerstone in our journey, a heartfelt thank you. The future of global payouts is here, and together, we're writing its story!

&nbsp;
## The Road Ahead

At Chimoney, we believe in a world without financial borders. With Techstars by our side, we're gearing up for rapid growth and innovation. We'll be diving deeper into research, refining our offerings, and expanding our reach. For our B2B clients, this means even more robust, reliable, and efficient global payout solutions. It's about ensuring that no matter where your team or clients are, Chimoney has got you covered.

We are also actively exploring strategic collaborations to accelerate our trajectory and make global payouts even more accessible.

&nbsp;
## Connect with Chimoney?

- Want to stay connected with all the updates and news from Chimoney?
- You can join the [Chimoney community](https://discord.gg/Q3peDrPG95) and subscribe to our [monthly newsletter](https://chimoney.substack.com/). 
- You can also connect with us on social via our [LinkedIn](https://www.linkedin.com/company/chimoney/) and [Twitter](https://twitter.com/home) pages.


Experience the future of payments - [Book a demo Now](https://chimoney.io/payouts?book_a_demo=1)!

---


Chimoney's partnership with Techstars marks a turning point in global payments, working towards economic empowerment for all. Discover how we're simplifying finance and fostering inclusion.

Techstars backs Chimoney to Revolutionize Global Payouts

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## Introduction
Welcome to the next chapter of Chimoney's journey! We're excited to announce a groundbreaking collaboration that's set to redefine the landscape of global payouts. [Chimoney has partnered with Corpay](https://finance.yahoo.com/news/chimoney-corpay-collaborate-revolutionize-global-140000393.html), a FLEETCOR® brand  and global leader in business payments.

## Exploring the Partnership:
At Chimoney, we've always been on a mission to connect payment systems worldwide. This partnership with Corpay amplifies that mission. Imagine a world where all cross-border transactions are as easy as sending an email or text message. Bringing that level of ease to everyone is what this collaboration is all about.

## Benefits for Chimoney Users:

Through this partnership, Chimoney users will enjoy: 
- Access to Corpay's Cross-Border solutions. 
- Access to more cash out options and [payouts to bank accounts in the 130+ countries](https://chimoney.io/payouts).

Those are just a few of the immediate benefits this partnership will bring to our users, more impactful improvements are being worked on as we speak. Watch this space!

## Insights from the Partnership:
“Corpay is very pleased to announce our commercial partnership with Chimoney. I have no doubt that Chimoney’s customer base can benefit greatly from our specialized service and access to our comprehensive cross-border payments and currency risk management solutions.” said Frank Mannarino, Vice President and head of Channels and alliances, at Corpay Cross-Border Solutions. “The team at Corpay is excited to build long-term business partnerships with customers and power their international payments, help them execute their plans to manage their currency risk, and support their growth internationally.”

For us at Chimoney, this collaboration is more than just a business partnership; it's a commitment to supporting the growth of of clients on an international scale. 

Our vision at Chimoney is clear: [To connect all payment networks globally](https://chimoney.io/blogs/on-building-a-network-of-payment-networks-at-chimoney), enabling people everywhere to get paid with minimal complexity. This partnership ensures compliance with local regulations and leverages Corpay's expertise to manage foreign exchange risks, reducing complexities for our users and corporate clients.

Our Founder and CEO, Uchi Uchibeke also expressed his enthusiasm at what the partnership can bring, saying: “This collaboration with Corpay amplifies our vision of creating seamless access to more payout options and countries. With Corpay’s expertise and platform, we are poised to offer our customers access to a more expansive and efficient payout ecosystem. This is not just a partnership; it’s a synergy where innovation meets scale. For businesses and partners, it’s clear: Chimoney is setting new standards in fintech, constantly pushing boundaries, and striving for excellence".

## Our Final Thoughts:
This collaboration is a significant step in alignment with our commitment to financial inclusion, economic empowerment, and a frictionless payout experience. We're not just partnering with Corpay; we're creating a synergy where innovation meets scale for the greater good of the world.

## Let's work Together
The Chimoney team is ever ready to keep innovating and shaping the future of global payouts. [Book a demo with us now to see how we can help facilitate seamless payments for your business!](https://chimoney.io/book-a-demo)


Learn about the biggest news in the world of global payouts, Chimoney's groundbreaking collaboration with Corpay. Uncover how this partnership enhances cross-border payment solutions, offering users unparalleled flexibility. Join us on this journey where innovation meets scale, setting new standards in fintech.

Innovation Meets Scale: Chimoney Forges An Impactful Partnership With Corpay

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According to KPMG's 2022 Global Technology Report*, a significant number of Canadian businesses are leveraging technology to advance their business strategies, with digital transformation playing a key role in improving efficiency and profitability. The global payments sector is experiencing substantial growth, with projections suggesting it will have an annual revenue growth of 9 percent by 2026.*

In this context, [Chimoney](https://chimoney.io/) has emerged as a leading solution for Canadian startups seeking to optimize their bulk payout procedures. In this article, we’ll explore the primary reasons why an increasing number of startups are choosing Chimoney, with relevant insights.

## Key Reasons Startups Are Choosing Chimoney

### 1. Chimoney-Interac Integration
[Chimoney’s INTERAC™ e-Transfer Bulk Payments](https://chimoney.io/blogs/interac-e-transfer-bulk-for-canadian-businesses-integration-and-api/) make it easy to send payouts to recipients across Canada. Additionally, the Chimoney Interac Collection API facilitates the efficient collection of payments from Canadian users. This integration appeals to startups seeking seamless, reliable, and scalable payment solutions that easily fit into their existing systems.

For example, [Reeple](https://www.reeple.ai/), a Canadian-based fintech company, integrates Chimoney’s Interac Collection API to collect funds from their clients. They then use the [Chimoney Payout API](https://chimoney.io/blogs/the-ultimate-guide-to-simplifying-global-payouts-for-your-business-with-api-solutions/) to facilitate smooth cross-border transfers, ensuring that funds sent from Canada reliably and securely reach their intended recipients in Africa.

### 2. Ease of Integration
[Chimoney](https://chimoney.io/) offers a straightforward API that simplifies the integration process for startups. Instead of juggling multiple payment APIs and dealing with complex compliance requirements, startups can seamlessly incorporate Chimoney’s payout services.

Startups that have adopted the [Chimoney API](https://chimoney.io/developers-api/) consistently praise its well-documented, straightforward integration process. The clear and concise [documentation](https://chimoney.readme.io/reference/introduction) reduces the time and effort needed for implementation, allowing engineering teams to focus on core business functionalities. 

### 3. Multi-Currency Support
With support for multiple currencies including USD, CAD, and NGN, [Chimoney](#) enables startups to handle international payouts effortlessly. This feature is particularly beneficial for startups aiming to expand their reach globally, eliminating the hassle of currency conversion.

Since partnering with [Chimoney](https://chimoney.io/), [Gamepride](https://www.gamepride.io/) has been able to expand across multiple countries allowing them to expand their reach and provide a seamless experience for their customers.

### 4. Real-Time Tracking and Reporting
[Chimoney](https://chimoney.io/) provides a user-friendly admin dashboard for real-time transaction tracking and detailed reporting. This feature helps startups maintain transparency and make informed financial decisions, enhancing their operational efficiency. Startups like Reeple have testified to improved financial decision-making, citing the dashboard’s ability to download detailed transaction statements, which they can share with investors and advisors. Additionally, the real-time tracking feature enables them to update customers on the status of their transactions promptly.

### 5. Scalability
As startups grow, so do their payout needs. [Chimoney](https://chimoney.io/)’s scalable solutions ensure that startups can handle increasing transaction volumes without sacrificing efficiency or security.

[Payfi](https://payfi.ca/), a fintech company specializing in rent guarantee and credit-building services for immigrants and international students, scaled its payout operations by 500% within 2 months of using Chimoney, without experiencing any disruptions.

## The Preferred Choice for Canadian Startups

In conclusion, Chimoney emerges as the optimal solution for Canadian startups seeking to streamline their bulk payout processes. The integration of Chimoney offers a seamless experience, combining ease of integration, real-time tracking, scalability, and exceptional customer support.

## Ready to Get Started?

[Book a meeting](https://chimoney.io/?book_a_demo=1) with us today and join the ranks of startups confidently prioritizing their core business activities with the assurance that their payout processes are in good hands.

___
*KPMG. (2022). Global technology report. https://assets.kpmg.com/content/dam/kpmg/ca/pdf/2022/11/KPMG-2022-global-technology-report-canada-en.pdf

*McKinsey.(2022). Global Payments Report. https://www.mckinsey.com/industries/financial-services/our-insights/the-2022-mckinsey-global-payments-report



Discover why Canadian startups are choosing Chimoney for bulk payouts. Learn about the seamless integration, multi-currency support, enhanced security, cost-effectiveness, and exceptional customer support that make Chimoney the preferred choice for modern businesses.


Why Canadian Startups Are Choosing Chimoney for Bulk Payouts

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# Introduction

The rise of digital finance has revolutionized global payments, enabling seamless transactions across borders. However, this rapid growth has also introduced new risks such as money laundering, fraud, and financial crimes that regulators seek to mitigate. **Anti-Money Laundering (AML)** and **Know Your Customer (KYC)** regulations are at the core of financial compliance, ensuring that fintech companies operate securely while preventing illicit activities.

At Chimoney, compliance is embedded in our operations. As we expand our footprint globally, including in Canada, we remain committed to maintaining robust AML and KYC frameworks that align with Canadian regulatory standards under the **Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA)** and oversight by the **Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)**.

# Understanding AML and KYC in the Canadian Fintech Ecosystem

## What is Anti-Money Laundering (AML)?
AML regulations are designed to prevent financial institutions and payment companies from being used to launder illicit funds or finance criminal activities. These laws require fintech companies like Chimoney to:

- Monitor and report suspicious transactions.
- Conduct due diligence on customers and businesses.
- Implement strong internal controls to prevent money laundering.

In Canada, AML laws are primarily enforced under the **PCMLTFA**, with oversight from **FINTRAC**.

## What is Know Your Customer (KYC)?

KYC is a subset of AML that requires financial institutions to verify customer identities before they can access financial services. This ensures that fintechs like Chimoney:

- Verify users' identities using government-issued documents.
- Assess the risk level of customers and monitor transactions.
- Prevent fraud by ensuring only legitimate individuals and businesses access financial services.

Under Canada’s AML regime, KYC is mandatory for businesses engaging in financial transactions, including those categorized as **Money Services Businesses (MSBs)**.

# Key AML & KYC Regulations in Canada

## 1. The Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA)

The PCMLTFA is Canada’s primary AML law, requiring fintechs like Chimoney to:
- Register with FINTRAC as a Money Services Business (MSB).
- Conduct customer due diligence (CDD) to verify customer identities.
- Monitor and report suspicious transactions that could be linked to money laundering.
- Implement record-keeping requirements for transactions over CAD $10,000.

## 2. FINTRAC (Financial Transactions and Reports Analysis Centre of Canada)

As Canada’s financial intelligence unit, FINTRAC oversees AML compliance and requires fintech companies to:

- Submit Suspicious Transaction Reports (STRs) when identifying potential money laundering activities.
- Submit Large Cash Transaction Reports (LCTRs) for transactions over CAD $10,000.
- Develop AML compliance programs, including employee training and internal risk assessments.

## 3. The Retail Payment Activities Act (RPAA) and AML Compliance

Under the Retail Payment Activities Act (RPAA), which Chimoney has completed registration for, specifies that payment service providers must meet AML/KYC obligations similar to those of banks, ensuring all users and transactions comply with Canada’s financial security standards.

# How Chimoney Ensures AML & KYC Compliance in Canada

At Chimoney, we have implemented a comprehensive AML & KYC framework to comply with FINTRAC and RPAA requirements while providing a secure and seamless payment experience.

## 1. Customer Verification and KYC Procedures

![Chimoney KYC process](/uploads/image_9_9eb76a2bfa.png)

- Identity Verification: We require customers to submit valid government-issued IDs (e.g., Canadian passports, driver’s licenses).

- Automated Document Checks: Our system cross-verifies ID documents using the automated KYC technology.
- Address Verification: Users may need to submit proof of address (utility bill, bank statement) for additional security.
- Enhanced Due Diligence (EDD): High-risk users undergo deeper background checks before account approval.

## 2. Transaction Monitoring & Fraud Detection
![Chimoney Transaction Monitoring tools](/uploads/image_10_f478f5fe5f.png)

- Risk Assessment: Our system analyzes transactions in real time to detect unusual patterns.
- Suspicious Activity Reporting: We report flagged transactions to FINTRAC as required by Canadian law.
- Geofencing & IP Monitoring: We block high-risk jurisdictions from accessing our platform.
- Blacklist & Watchlist Screening: We screen users against global sanctions lists (OFAC, Interpol, etc.).

## 3. Secure Business and Merchant Onboarding

![Chimoney Know Your Business (KYB) process](/uploads/image_11_45391d7d5a.png)

**Business KYB (Know Your Business)**: All corporate clients must provide:
- Business registration details.
- Beneficial ownership information.
- Proof of compliance with AML/KYC regulations: Each merchant is assigned a risk level based on industry, location, and transaction volume.

We continuously review our merchant accounts to ensure compliance.

# The Future of AML & KYC Compliance in Canadian Fintech

Regulations are evolving, and Chimoney is proactively adapting to ensure full compliance. Some trends shaping the future of AML & KYC in Canada include:

- Open Banking Regulations: Expected to bring stricter data-sharing and fraud prevention standards.
- Real-Time Transaction Monitoring: Regulators may require fintechs to enhance AI-driven fraud detection.
- Increased Cross-Border Scrutiny: With globalization, AML enforcement agencies are focusing on multi-country compliance frameworks.

Chimoney is at the forefront of these changes, ensuring that we remain compliant while delivering seamless global payouts and collections.

# Conclusion

AML and KYC compliance are non-negotiable for fintechs operating in Canada. With growing regulations under PCMLTFA, FINTRAC, and RPAA, Chimoney is committed to staying ahead by implementing cutting-edge compliance technologies and ensuring that all transactions are secure, compliant, and fraud-free.

At Chimoney, compliance is more than just a requirement. It’s our promise to users, businesses, and regulators. By adhering to Canada’s AML & KYC regulations, we continue to build a trusted, secure, and compliant payment ecosystem for all.

Stay updated with Chimoney’s compliance journey by following our blog and [LinkedIn ](https://www.linkedin.com/company/chimoney/?viewAsMember=true)updates!


As financial regulations evolve, Anti-Money Laundering (AML) and Know Your Customer (KYC) compliance have become essential pillars in the fintech industry. In this blog post, I explore how AML and KYC regulations shape the modern fintech landscape, particularly within the Canadian ecosystem under the Retail Payment Activities Act (RPAA). I also highlight Chimoney’s approach to ensuring compliance, from robust identity verification processes to transaction monitoring, reinforcing trust, security, and regulatory adherence. Learn how fintech companies can navigate these requirements while fostering innovation and financial inclusion.

The Role of AML and KYC in Modern Fintech: Chimoney’s Approach to Compliance

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Today, we’re excited to share a major milestone in our journey, we’re officially registered as a Payment Service Provider (PSP) under Canada’s Retail Payments Activities Act (RPAA)! This registration recognizes us as a regulated payment platform that meets strict standards of safety, compliance, and operational resilience.

We are now one of the few platforms globally, and the first [built for both AI agents and humans](https://chimoney.io/blogs/chimoney-is-now-licensed-as-a-bank-of-canada-payment-service-provider/), to combine licensed payment infrastructure with verifiable digital identity and real-time policy enforcement.
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## What our Payment Service Provider Registration Means
Becoming a PSP under the RPAA means Chimoney has met all Bank of Canada requirements, including:
- Segregation and safeguarding of end-user funds
- National security screening
- Operational risk controls
- Reporting and compliance obligations
- Ongoing supervision by the Bank of Canada

This strengthens trust across our ecosystem and positions us for deeper integration with Canada’s payment architecture, including future access to Payments Canada membership, Interac programs, and the upcoming Real-Time Rail payment system.
___

## What This Means for Businesses, Enterprises & Regulated Industries
Regulated sectors including banks, insurers, healthcare, fintechs, and enterprise platforms, can now use Chimoney with confidence that:
- Funds are protected through segregated, insured accounts
- Every transaction undergoes real-time KYC/AML screening
- Every user and agent has a verifiable digital identity
- Payments and actions are fully traceable and auditable
- The platform complies with FINTRAC, PCMLTFA, and RPAA requirements

___

## Agentic Payments: Infrastructure Built for AI
The license comes at a pivotal moment where AI agents are becoming autonomous, yet the financial system wasn’t built for machine-native transactions. Chimoney is the first to offer a [digital passport and payment infrastructure](https://chimoney.io/blogs/chimoney-is-now-licensed-as-a-bank-of-canada-payment-service-provider/) for both AI agents and humans, extending its trusted, human-scale payment rails into a complete digital passport and payment stack for  AI agents, all under full regulatory supervision.

With Chimoney every AI agent receives:
- A W3C-compliant Digital Passport with L4 assurance
- A programmable wallet with multi-currency support
- An Interledger wallet address for micropayments and cross-border flows
- Policy guardrails for spending limits, allowlists, and delegation rules enforced in real time

This allows agents and humans to transact safely, paying for services, managing subscriptions, or executing micro-transactions, all tied to verified identity and continuous compliance.

With global scalability across 130+ countries, support for multiple blockchains and stablecoins, and 24/7 reliability, Chimoney provides the trusted, compliant infrastructure enterprises need to deploy autonomous agents in the real world.
___

## The Road Ahead
Our new PSP status marks a major step toward building an open, secure payments system for both humans and intelligent agents. We’re excited to partner with enterprises, and businesses to enable the next wave of agentic applications, from automated financial assistants to autonomous business operations.

Interested in partnering with us? Book a [demo meeting here.](https://chimoney.io/?book_a_demo=1)



Chimoney is officially licensed as a Bank of Canada Payment Service Provider, offering secure, compliant payment infrastructure for AI agents and humans.

Chimoney Is Now Licensed as a Bank of Canada Payment Service Provider!

Chimoney is your gateway to efficient cross-border payments, multi-currency wallets, and global payouts. Experience secure, real-time transactions across 130+ countries with our scalable API solutions.

Check out these other posts

Why Canadian Startups Are Choosing Chimoney for Bulk Payouts

The Role of AML and KYC in Modern Fintech: Chimoney’s Approach to Compliance

Chimoney Is Now Licensed as a Bank of Canada Payment Service Provider!