Since its founding in 2020, GenioPay has steadily developed a valued solution that is ready to revolutionize transfers of banks by making global transfers 8X more affordable for customers.

For GenioPay to realize its goal to develop into a worldwide bank that services millions of customers, Canada, which is home to numerous multinational fin&tech start-ups, has granted acceptance to a Canada MSB License. It is a system that takes pride in its openness and allows customers to compare prices and decide on the best course of action financially.

Most of the residents use banks or internet platforms to send money abroad. As indicated by notable growth in the volumes and prices of digital transmissions at the end of 2020 with banking laws limiting entrance into the marketplace, citizens of Canada are rapidly adopting these instruments to remittances.

Obtaining an MSB license in Canada allows clients to make deposits into their e-wallets and send funds abroad at a very cheap cost.