Juicyway Registers Under Canada RPAA as PSP

In Short

• Juicyway has registered under Canada’s Retail Payment Activities Act, or RPAA.
• The Bank of Canada reviewed the registration under its new payments oversight framework.
• Juicyway says it has processed over $4 billion across African trade corridors.

What Happened

Cross-border payments startup Juicyway has been registered as a Payment Service Provider, or PSP, under Canada’s Retail Payment Activities Act.

A PSP is a company that moves money for customers, like processing transfers and settling transactions. The RPAA is Canada’s payments rulebook for non-bank payment firms, and it is supervised by the Bank of Canada.

Juicyway says the registration supports its expansion plans in Canada. The company also reported it has processed more than $4 billion in payment volume across African trade corridors.

Why It Matters

Canada is one of the stricter markets for fintech compliance. A regulatory-first approach can reduce the risk of sudden service shutdowns, banking partner issues, or limits on which payment features can be offered.

For African fintechs doing cross-border transfers, regulation matters because partners in destination markets often want clear licensing status before they support payouts, local accounts, or card and bank integrations. In practice, this can make it easier to sell to businesses that need predictable settlement times and audit trails.

The RPAA only came into force in 2024, and central bank supervision means more reporting and controls. For users, that usually translates to stronger rules around safeguarding customer funds and managing operational risk, meaning preventing outages, fraud, and processing failures.

What To Watch

Juicyway’s next steps will likely include which Canada-linked products it launches first, and whether it adds new corridors for remittances and B2B trade payments.