Article facts
| Field | Visible value |
|---|---|
| Registered entity | 2PAYAPP LIMITED |
| Registering body | Bank of Canada |
| Framework | Retail Payment Activities Act |
| Registration number | RPS0002913 |
| Registration type | Payment service provider |
| Separate from the FINTRAC registration? | Yes — both apply |
| Is it a banking licence? | No |
| Last reviewed | 2026-09-09 |
Why there are two registrations
The two Canadian registrations answer different questions.
| Registration | What it concerns |
|---|---|
| FINTRAC MSB — M23468538 | Anti-money-laundering and counter-terrorist-financing obligations |
| Bank of Canada PSP — RPS0002913 | Retail payment activities under the Retail Payment Activities Act |
Neither replaces the other, and neither is a banking licence. When a counterparty asks for regulatory details in a due-diligence questionnaire, both belong in the answer, each with its number and the legal name 2PAYAPP LIMITED.
What it does not mean
The registration does not mean that:
- the Bank of Canada guarantees or insures customer funds;
- the company is a bank or may take deposits;
- the Bank of Canada approves, endorses or recommends 2PayApp;
- protection equivalent to a bank deposit applies to balances;
- every service, currency or payment rail is covered by the regime.
Where this matters for a customer
If the question is how is this company answerable for the way it runs payments, this registration is part of the answer.
If the question is who holds my money, and what happens if something goes wrong, the registration is not the answer. That is set out in the customer agreement — see How are customer funds held?.
Frequently asked questions
Is this the same as a central-bank guarantee? No. Registration is not a guarantee, insurance or endorsement.
Which registration should I quote to my bank or auditor? Both, with their numbers and the legal name 2PAYAPP LIMITED.
Does the registration cover card acquiring? No. 2PayApp does not provide card acquiring.
Can I check the registration myself? Yes. See How can I verify 2PayApp?.
This article is explanatory. The official Bank of Canada registry record prevails over this summary.