PassimPay secures MSB registration and expands crypto payment infrastructure to 122 countries
PassimPay, a crypto payment gateway for businesses, has secured Money Services Business (MSB) registration with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) through NILESPAY FINANCE INC. The registration, No. C100000852, adds a formal Canadian regulatory registration to PassimPay’s payment infrastructure, which is available in 122 countries and supports 74+ cryptocurrencies. The step gives merchants and partners another verifiable reference when evaluating the company and its services.
PassimPay secures MSB registration in Canada
The MSB registration is held by NILESPAY FINANCE INC., based in Vancouver, British Columbia, under company number BC1516629. Its FINTRAC registration number is C100000852.
For merchants and commercial partners, the registration provides an identifiable legal entity and a specific regulatory reference when reviewing PassimPay. It gives counterparties a concrete company name, jurisdiction, and registration number to use as part of their own due diligence.
The registration also adds regulatory transparency around the entity connected to PassimPay’s services. Rather than relying only on product information, prospective partners can reference the registered company and its FINTRAC number when assessing the provider. The registration provides a formal regulatory reference in Canada, while its scope remains specifically that of an MSB registration with FINTRAC.
Crypto payment infrastructure across 122 countries
Alongside the registration, PassimPay’s crypto payment infrastructure is available in 122 countries and supports 74+ cryptocurrencies. Processing fees start from 0.5%.
The payment flow includes automatic conversion into a stablecoin or fiat currency at the exchange rate available at the moment of payment. Settlement takes around five seconds. This allows merchants to accept supported cryptocurrencies while using the conversion and settlement options available within the PassimPay infrastructure.
For companies evaluating a crypto payment provider, these product details can be reviewed alongside the registration information. Merchants and partners can assess geographic availability, supported assets, fees, settlement timing, and conversion options together with the legal entity and MSB registration associated with the service.
Independent security audits
PassimPay has also undergone independent security audits by 10Guards and Hacken. These third-party assessments provide an external review point for the company’s payment infrastructure and security setup.
Independent security reviews are particularly relevant for merchants assessing infrastructure that handles cryptocurrency payments, conversion, and settlement. The involvement of external cybersecurity specialists provides an additional reference point when reviewing PassimPay’s infrastructure. So the audits complement the company’s regulatory and product information by confirming that its security setup has been subject to independent external assessment.
About PassimPay
PassimPay is a crypto payment gateway for companies that need to accept cryptocurrency payments and manage settlement across international markets. It supports 74+ cryptocurrencies in 122 countries, with processing fees starting from 0.5% and automatic conversion options for settlement in stablecoins or fiat. Its infrastructure is designed for merchants who want to add crypto payment acceptance to their existing payment flows.
Disclaimer: This is a paid post and should not be treated as news/advice.
