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IFX Payments secures Canadian FMSB Licence

Source: IFX Payments

IFX Payments today announces the successful acquisition of its Canadian Foreign Money Services Business (FMSB) licence.

This is a pivotal milestone in IFX Payments' commitment to scaling its operations globally.

IFX Payments' 'ibanq' virtual IBAN solution has garnered widespread acclaim for its seamless integration, enhanced efficiency, and unrivalled convenience. With the Canadian FMSB licence, IFX Payments can now extend the benefits of 'ibanq' to Canadian businesses, streamlining their cross-border transactions and offering a versatile tool to simplify their financial operations.

Will Marwick, CEO of IFX Payments comments: “This licence represents our dedication to expanding the geographical reach of our services and products and providing businesses with seamless and transparent digital cash management. Introducing our sophisticated virtual IBAN platform and first class cross-border payment and FX solutions to the Canadian market is an exciting milestone for the company and shows the dedication of the team and wider business in fulfilling our ambitious targets for the coming year.”

This strategic development serves as a testament to IFX Payments' unwavering commitment to delivering innovative solutions that empower businesses to navigate the complexities of international finance. The ability to provide 'ibanq' in Canada further strengthens IFX Payments' position as a pioneer in redefining payment experiences across the globe.

IFX Payments is a global fintech innovator on a mission to build an accessible, frictionless and complete digital payments experience that removes the burden of managing complex treasury processes and empowers businesses to realise their true potential by focusing on the things that really matter. With offices in London, Warsaw and Dubai IFX Payments has employed over 150 people worldwide. At its core, IFX specialises in managing payments for various corporate businesses with many cross-border reconciliation and payment requirements.

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