The Retail Payment Activities Act introduces a new layer of regulatory oversight for Canadian businesses offering payment services. If you operate as a money services business, fintech, crypto payment platform, or virtual currency processor, there is a strong chance the RPAA applies to you.
But this isn’t a checkbox process. The registration is complex, detail-heavy, and filled with language that is hard to navigate without deep regulatory experience.
The RPAA is a federal framework introduced by the Government of Canada to regulate payment service providers. It is enforced by the Bank of Canada and is designed to protect consumers and ensure stability in the digital payment space.
If you provide electronic fund transfers, digital wallet services, prepaid card services, or crypto payment tools, you may be considered a regulated entity under the RPAA. If you are unsure whether the law applies to your business, Comply North will help you assess your obligations and determine the right next steps.
We provide full-service support that gets your business application-ready for the Bank of Canada’s regulatory regime.
This isn’t just a form submission service. We provide strategic guidance so your business is prepared for ongoing regulatory expectations.
The registration process is intensive, but we make it simple for you by managing the process from end to end.
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We conduct a discovery session to understand your business model, payment activities, and client base.
We prepare and review your full registration file, including all forms and supporting documentation.
We support you through follow-up questions, document clarifications, and regulator engagement during the review process.
We conduct a discovery session to understand your business model, payment activities, and client base.
We analyze your RPAA applicability and begin gathering the required information for the registration package.
We prepare and review your full registration file, including all forms and supporting documentation.
We submit your RPAA application to the Bank of Canada and handle all communications on your behalf.
We support you through follow-up questions, document clarifications, and regulator engagement during the review process.
The RPAA is new and still evolving. Very few service providers fully understand what is required or how the Bank of Canada is applying the rules in practice.
Comply North is already supporting businesses through the RPAA process and stays actively engaged with developments as they happen. We know what regulators are asking for and how to help you build a registration file that gets taken seriously.
By the end of the engagement, your business will have:
Each question opens to reveal an answer.
Any company that facilitates electronic fund transfers, payment processing, or digital wallet services may fall under RPAA rules. This includes fintechs, crypto platforms, and traditional payment providers.
Any company that facilitates electronic fund transfers, payment processing, or digital wallet services may fall under RPAA rules. This includes fintechs, crypto platforms, and traditional payment providers.
Any company that facilitates electronic fund transfers, payment processing, or digital wallet services may fall under RPAA rules. This includes fintechs, crypto platforms, and traditional payment providers.
Any company that facilitates electronic fund transfers, payment processing, or digital wallet services may fall under RPAA rules. This includes fintechs, crypto platforms, and traditional payment providers.
Any company that facilitates electronic fund transfers, payment processing, or digital wallet services may fall under RPAA rules. This includes fintechs, crypto platforms, and traditional payment providers.
If the deadline is approaching or you are unsure where to start, reach out. We can step in, assess your status, and help you catch up quickly. Whether you need full support or just someone to finish what was started, Comply North is ready to help.
If your current provider is not responsive or has left you without clarity, we can take over and finish the job properly.
Comply North provides expert guidance, full application support, and ongoing regulatory insight to help you meet your obligations under the Retail Payment Activities Act.
