🇨🇦 FINTRAC-registered Money Services Business

Move money across borders, properly.

Peniwyse is a Canadian-licensed money services business. Send funds worldwide with honest exchange rates, delivery in minutes, and compliance you can verify.

Start a transfer Review our licensing

Regulated under the PCMLTFA No hidden FX margin Delivery in minutes

Get a quote Live

You send

CAD

Recipient gets

Exchange rate—

Transfer feeCAD 2.99

Typical arrivalWithin minutes

Continue

Rates are indicative and refresh at checkout. Your rate is locked before you pay — what you see is what arrives.

Licensed in CanadaRegistered MSB with FINTRAC

Transparent FXRate locked before you pay

Fast corridorsMost payouts land in minutes

Human supportReal people, seven days a week

Services

One licence, four ways to move money

Whether you’re sending support home or settling supplier invoices, every transfer runs on the same regulated rails.

Personal remittances

Send money to family and friends abroad with bank-deposit and mobile-wallet payout, funded by Interac e-Transfer or EFT.

Business payments

Pay international suppliers, contractors, and payroll in their currency — batch payouts with clean records for your books.

Foreign exchange

Competitive spot FX on major and exotic currencies, quoted up front with no margin hidden inside the rate.

Payout API

Platforms and fintechs plug into our corridors through a developer-first API, riding on Peniwyse’s licensing and rails.

9:41

Transfer

Transfer delivered Today at 14:04 ET · 2 minutes total

₦1,178,420.00

from CAD 1,000.00

Adaeze OkaforGTBank ····4821 · Lagos, NG

You sentCAD 1,000.00

FeeCAD 2.99

Exchange rate1 CAD = 1,178.42 NGN

Funded byInterac e-Transfer

StatusDelivered · 14:04 ET

Send again

View receipt

The product

Every transfer, tracked to the minute

Your money never goes quiet. From the moment you pay to the moment it lands, you and your recipient see the same live status.

Live tracking, no guessing
See the moment your payment lands, converts, and arrives — with a receipt your recipient can trust.
Rates locked before you pay
The quote you accept is the rate we settle at. If we can’t honour it, the transfer doesn’t happen — simple.
Saved recipients, repeat sends
Send to the same people every month in three taps, with payout details verified once and reused safely.

How it works

Three steps, no surprises

Verify once

Create your account and complete identity verification in minutes. A one-time step, required of every regulated MSB.

Lock your rate

See the rate, the fee, and exactly what your recipient gets before you pay. Fund by Interac e-Transfer, EFT, or debit.

We deliver

We pay out to bank accounts and mobile wallets across our corridors — most transfers arrive within minutes, tracked at every step.

Rates & corridors

Where your money can go today

Live corridors from Canada, with more opening through our partner network every quarter.

Corridor	Payout methods	Indicative rate	Typical arrival

Indicative mid-market reference rates, shown for illustration only. The rate that applies to your transfer is quoted and locked before you pay.

Developers

The corridor network, one API call away

Create a payout with a single request — we handle FX, compliance screening, and delivery. Signed webhooks push every status change to you.

Full-fidelity sandbox
Deterministic test recipients, so you can build before you’re onboarded.
Idempotent by design
Idempotency keys on every mutating call — a network blip never means a double payout.

Request API access

POST /v1/payouts

# Create a CAD → NGN payout
{
  "source_currency": "CAD",
  "target_currency": "NGN",
  "amount": "1000.00",
  "recipient": "rcp_8fk2mq",
  "idempotency_key": "ord-2214"
}

201 Created
{
  "id": "po_01j8zqe4",
  "status": "delivered",
  "rate": "1178.42",
  "delivered_in": "94s"
}

Pricing

One flat fee. The rate on the screen.

No hidden FX margin, no receiving fees, no weekend markups. The quote you accept is the settlement, to the cent.

Personal

$2.99 CAD

flat, per transfer

Bank deposit & mobile wallet payout
Rate locked before you pay
Free tracking & receipts

Get started

Business

Volume-based

tailored to your flow

Batch payouts & payroll
Dedicated FX desk from $50k/mo
Accounting-ready statements

Talk to sales

Platform

Per payout

API pricing, no minimums

Payout API on Peniwyse licensing
Sandbox & webhooks included
Settlement reporting API

Request access

Compliance

Regulated where it counts

Peniwyse Financial Inc. is registered as a Money Services Business with FINTRAC, Canada’s financial intelligence unit, and operates under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act.

Entity: Peniwyse Financial Inc.
Regulator: FINTRAC — Government of Canada
Head office: Toronto, Ontario, Canada

Full AML / ATF program Know-your-customer verification, sanctions screening, and ongoing transaction monitoring on every transfer.
Client funds handled with care Funds move through accounts held at regulated Canadian financial institutions, never commingled with operating cash.
Privacy by law, not by promise Personal information is collected and retained in line with PIPEDA and used only to deliver the service.
Independent security review Bank-grade encryption in transit and at rest, with the platform under independent security review.

Who we serve

Real people, on both ends

Newcomers supporting family, founders paying teams abroad, friends splitting life across two countries — this is who we build for.

A smiling man in a beret and glasses — **Supporting family**Remittance

A professional woman holding a laptop by an office window — **Paying teams abroad**Business

Three colleagues laughing together around laptops at a table — **Building across borders**Payout API

“I used to lose track of transfers for days. With Peniwyse the money lands before I finish my coffee.”

Chinwe O.Sends Toronto → Lagos

“Paying our Nairobi contractors used to take three tools and a spreadsheet. Now it’s one batch upload.”

Marcus D.CFO, Vancouver

“The rate they quote is the rate that arrives. That honesty is why I stayed.”

Kate R.Sends Calgary → London

FAQ

Questions, answered straight

Is Peniwyse licensed to move money?

Yes. Peniwyse Financial Inc. is registered as a Money Services Business with FINTRAC, the Government of Canada’s financial intelligence unit, and operates under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act. You can verify our registration in FINTRAC’s public MSB registry.

How fast do transfers arrive?

Most transfers to bank accounts and mobile wallets in our African corridors arrive within minutes. Transfers to the US, UK, and Eurozone typically settle the same business day, tracked in real time.

What does a transfer cost?

A flat transfer fee shown before you pay, plus the exchange rate quoted up front. There is no hidden margin added after the fact — the rate you accept is the rate we settle at.

Is my money safe with you?

Client funds move through accounts held at regulated Canadian financial institutions and are never commingled with our operating cash. Every transfer is screened under our AML program, and the platform is protected with bank-grade encryption.

How do I pay for a transfer?

From Canada you can fund transfers by Interac e-Transfer, EFT from your bank account, or Visa/Mastercard debit.

Ready to move money properly?

Open an account in minutes, or talk to our team about corridors, volume pricing, and the payout API.

Open an account