Compliance & Regulation
GLPay is designed to operate with a compliance-first mindset. The platform is structured to meet expectations of banks, EMI partners, and regulatory frameworks in the jurisdictions where services are delivered through partners.
Canada: MSB framework
Operated by Quantifin Ltd (Canada). The business follows MSB obligations including AML/CTF controls, sanctions screening, and recordkeeping consistent with regulatory expectations.
RPAA framework
The platform is structured to operate under the Canadian Retail Payment Activities Act (RPAA) framework as applicable. Registration status may be pending/active depending on rollout stage.
AML / CTF / Sanctions
- Risk-based onboarding and ongoing monitoring
- Sanctions and screening controls
- Recordkeeping and auditability
- Escalation and reporting procedures
Data protection
- PIPEDA-aligned approach (Canada)
- GDPR-aligned approach (EU/UK partner flows)
- Data minimization and access control principles
Operational boundaries
- No cash handling
- No “anonymous” or “fast without checks” positioning
- No high-risk geographies publicly promoted at launch
- No promises of returns or investment marketing