Tevau has been successfully approved as a Payment Service Provider (PSP) with the Bank of Canada under the Retail Payment Activities Act (RPAA).Together with Tevau’s Money Services Business (MSB) registration with FINTRAC, this dual federal framework is among the highest compliance standards available in Canada for payment and crypto companies. It places Tevau in the same federal retail-payments regime as established providers such as PayPal and Stripe.This is another major step forward on Tevau’s global compliance journey.

What the approval covers

The RPAA is supervised by the Bank of Canada. Firms that perform retail payment functions—such as maintaining user accounts, holding funds on behalf of end users, or facilitating electronic funds transfers in fiat currency—must register as PSPs.Registered PSPs have met the legal requirements to register, paid the required fees, and cleared a national security screening process coordinated by the Department of Finance. Once registered, they remain under ongoing supervision and must:

1. manage operational risk  
2. safeguard end-user funds  
3. respond to incidents  
4. meet reporting obligations, including an annual report

Tevau is now a registered payment service provider under the supervision of the Bank of Canada, and must continue to meet requirements for operational risk management and the safeguarding of end-user funds. This public registration allows users and partners to verify Tevau’s compliance status with confidence.

Why dual federal compliance matters

Canada regulates money movement and crypto-related activity through two complementary federal regimes.

FINTRAC MSB registration sits under anti-money laundering and anti-terrorist financing law. Tevau Technology Canada Limited (registration number BC1555683) is registered as an MSB. Under FINTRAC’s definitions, that registration permits foreign exchange dealing, remitting or transmitting funds, dealing in virtual currency, and other regulated money services. It is the foundation for offering crypto-asset and global payment services lawfully in Canada.

Bank of Canada PSP registration sits under the RPAA. Its focus is different: the safety and reliability of retail payments, operational resilience, and protection of end-user funds. In short, MSB registration addresses who is moving value and whether those flows can be monitored. PSP registration addresses how payments are run and how customer funds are protected if something goes wrong.

For a company that connects digital assets to everyday spending, both are necessary. One without the other leaves a gap—either in financial-crime controls or in payment-system accountability.

What this means for users and partners

For users, the practical outcome is a higher bar for how funds are held and how incidents are handled. PSPs that hold end-user funds must put safeguarding arrangements in place so users can access their money without delay and so those funds are protected if the provider becomes insolvent.

For partners—card networks, banks, merchants, and institutional clients—the combination of MSB and PSP status reduces onboarding friction. It also aligns Tevau with the same federal payments perimeter occupied by large, established processors. Over time, RPAA-registered PSPs may also gain clearer pathways into core Canadian payment infrastructure as that market continues to open.

Part of a broader compliance stack

Tevau is a crypto-native Money App: spend, convert, save, and invest in one product. Users can pay with Visa cards worldwide, move between digital assets and local currency, and access wealth features such as U.S. stock trading with stablecoins.The brand is operated through two entities:

• Tevau Technology Limited, incorporated in Hong Kong, holds a Money Lender Licence and a Trust or Company Service Provider (TCSP) Licence.
• Tevau Technology Canada Limited, incorporated in Canada, holds the FINTRAC MSB registration and now the Bank of Canada PSP registration.

Tevau operates through these two entities to meet applicable licensing and registration requirements in each market. The Canadian dual federal framework is a key part of that compliance foundation.

Looking ahead

Registration is the start of supervision, not the end of the work. Tevau will continue to strengthen operational risk controls, funds-safeguarding arrangements, and regulatory reporting under the RPAA, and will use the same discipline as it expands into additional jurisdictions.

The goal has not changed: make digital assets useful in everyday financial life—online, in-store, and at the ATM—without asking users to trade away legal certainty.

This PSP approval, combined with Tevau’s MSB registration, is a clear marker on that path.