Global Fintech IFX Payments has received a Canadian Foreign Funds Services Business (FMSB) license and has continued its international expansion.
Thanks to the FMSB license, the company plans to extend its ibanq virtual IBAN solution to Canadian businesses to enable them to optimize their operations and cross-border transactions.
ibanq, one of the fintech company’s core offerings, is a multi-currency virtual IBAN account integrated into the company’s currency exchange and global payment network services. As a result of this integration, IFX Payments clients will be able to manage, store and distribute funds in 38 currencies from a single account.
IFX Payments is a global fintech company whose goal is to create a complete digital payments experience for businesses that eliminates the need to manage complex treasury processes.
As an Authorized Electronic Money Institution (EMI) regulated by the Financial Conduct Authority (FCA), IFX Payments also offers BaaS solutions through both modern APIs and web platforms.