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Toronto Fintech Brings Compliance to AI Transactions

December 19, 2025 by Newsdesk

Chimoney is moving regulated payments into the age of AI. The Toronto fintech is now a registered Payment Service Provider under Canada’s Retail Payments Activities Act, overseen by the Bank of Canada. The approval allows production-ready wallets for people and autonomous agents, with verifiable identity, audit trails, and bank-grade compliance.

Founder Uchi Uchibeke said the platform enables safe agent-to-agent transactions as AI systems proliferate. Chimoney supports Interac, 25 stablecoins and blockchains, and cross-border payouts, and works with the Interledger Foundation. The company has joined Google Canada’s accelerator and Techstars programs.

Want to know more? Check out the source code on Fintech.ca.

Filed Under: News Tagged With: Chimoney

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