Juicyway, a cross-border payments platform that has processed over $4 billion across African trade corridors, is now registered under Canada’s new payment regulatory framework, supervised by the Bank of Canada.
Juicyway has been registered as a Payment Service Provider (PSP) under Canada’s Retail Payment Activities Act (RPAA), following regulatory review by the Bank of Canada. The approval allows the company to operate within one of the world’s most tightly regulated financial systems as it prepares for future services tied to the Canadian market.
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.
