Chimoney has been formally registered as a Payment Service Provider under Canada’s Retail Payments Activities Act, placing it under the supervision of the Bank of Canada, the Toronto fintech firm announced this month.
The Canadian company is building payments and identity infrastructure for both humans and artificially intelligent agents.
As a PSP, Chimoney can deliver regulated, production-ready wallets for AI agents and humans that meet the compliance demands of banks, insurers, healthcare systems, and fintechs.
“Our Bank of Canada PSP status provides the licensed compliance that allows us to deliver the first integrated Passport & Payment Infrastructure for AI and Humans,” remarked Uchi Uchibeke, founder of Chimoney.
As AI agents increasingly interact and transact, they need infrastructure that ensures safety and regulatory alignment.
For example, through Chimoney, every agent action is tied to a verifiable identity and immutable audit trail.
Regulated industries can now deploy autonomous agents with confidence identity is assured and funds are protected within a compliant framework, according to a statement from the Ontario fintech.
Last year, Chimoney established a partnership with Interledger Foundation to power cross-border payments.
“At Chimoney, our mission has always been to break down financial barriers and enable universal access to financial services,” chief executive officer Uchibeke stated in 2024. “Our partnership with the Interledger Foundation is a monumental step in this journey; these advancements will democratize access to financial services, just as the internet democratized access to information.”
In 2023, Chimoney participated in both the Google Canada Startups Accelerator Canada program and the Techstars program.
Chimoney currently supports more than 25 stablecoins and blockchains, Interac, and global payouts across over 130 countries.
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