AiraPay

How does AiraPay keep my money safe

Last updated: August 2026

AiraPay is committed to keeping client funds safe. AiraPay is regulated and licensed in the jurisdictions where it needs licences to operate, and services are provided in compliance with applicable laws and regulations. How AiraPay protects client funds depends on the regulatory requirements of the jurisdiction where the relevant AiraPay entity is licensed to operate.

AiraPay itself holds 3 active licences across 2 jurisdictions. The jurisdictions covered are:

  • Canada — PSP License (active)
  • Canada — FINTRAC MSB (active)
  • India — India Payment License via FinGenie Tech Pvt. Ltd. (active)

ByteX and Cenne are separate entities under AIRA Group Inc., AiraPay's parent group, and hold their own separate licences — see the dedicated sections below.

Canada — PSP License

ActiveBank of Canada · Retail Payment Activities Act

AiraPay holds a Payment Service Provider (PSP) licence issued under Canada's Retail Payment Activities Act (RPAA), supervised and enforced directly by the Bank of Canada. This licence enables AiraPay to conduct merchant acquiring and payouts within Canada and across its live corridors.

To ensure client funds are safe:

  • AiraPay is required under the RPAA to hold client funds in end-of-day segregated accounts, separate from AiraPay's own operational capital at all times.
  • Client funds held under the PSP licence are not accessible to AiraPay's creditors in the event of insolvency, liquidation, or bankruptcy.
  • AiraPay supports Visa, Mastercard, and Amex acquiring, and guarantees minimum chargebacks to its institutional clients.
  • The PSP licence supports AiraPay's live CA↔IN and US↔IN corridors, with T+0 settlement roadmap underway via ByteX (H2 2026).

Canada — FINTRAC MSB

ActiveAiraPay + ByteX · FINTRAC MSB × 2

Both AiraPay and ByteX hold active Money Services Business (MSB) registrations with FINTRAC — Canada's financial intelligence unit. These registrations cover both fiat and crypto rails under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act.

AML/ATF obligations under FINTRAC registration include:

  • Full anti-money laundering (AML) and anti-terrorist financing (ATF) compliance program maintained at all times.
  • Real-time transaction monitoring across all payment corridors — CA↔IN, US↔IN, and future corridors.
  • Know Your Customer (KYC) and Know Your Business (KYB) onboarding for all clients before any funds are processed.
  • Mandatory Suspicious Transaction Reporting (STR) to FINTRAC within 30 days of detection.
  • Large Cash Transaction Reports (LCTR) filed for applicable transactions per FINTRAC thresholds.

Note: ByteX's separate FINTRAC MSB registration covers its stablecoin-native cross-border rails, launching H2 2026. Both registrations together mean the full AIRA Group fiat and crypto stack operates under active AML/ATF oversight.

India — FinGenie Tech Pvt. Ltd.

ActiveIndia Payment License · CIN: U72900DL2022PTC394660

India operations are conducted through FinGenie Tech Pvt. Ltd., an AiraPay subsidiary incorporated in New Delhi (CIN: U72900DL2022PTC394660). FinGenie Tech holds an active India Payment License that enables the India-side of AiraPay's live CA↔IN corridor.

How client funds are protected in India:

  • FinGenie Tech operates as a regulated payment entity under applicable Indian payment laws, ensuring compliance on the IN-side of every cross-border transaction.
  • Client funds received in India are processed in compliance with Reserve Bank of India (RBI) guidelines applicable to payment intermediaries.
  • AiraPay's CA↔IN corridor has been live since May 2026 — India is the world's #1 remittance recipient at $129B (2024, World Bank).
  • The India Payment License covers the US↔IN corridor as well, enabling both corridors from a single regulated subsidiary.

Africa — Cenne

ActiveCenne · Live

Cenne, an AIRA Group strategic JV, is live and operating regulated payment services across Africa. Cenne is a separate entity from AiraPay under AIRA Group Inc., licensed and regulated under the requirements of the markets it serves.

What Cenne enables:

  • Regulated payment and OTC settlement services for institutional and retail clients across Africa.
  • Fiat-to-crypto-to-fiat payment rails designed for local settlement in the markets Cenne serves.
  • A regulated infrastructure layer for Africa's fast-growing digital payments market.

Note: Cenne holds and discloses its own licensing and regulatory status separately from AiraPay. Visit cennefinancial.com for details.

Fund Segregation

Across all jurisdictions where AiraPay is licensed and operating, client funds are held in segregated accounts with regulated financial institutions. These accounts are entirely separate from AiraPay's own operational capital.

  • Client funds are never commingled with AiraPay's own operational funds at any point in the payment lifecycle.
  • Segregated accounts are held with Schedule I Canadian chartered banks and regulated financial institutions in each operating jurisdiction.
  • In the unlikely event of AiraPay's insolvency, client funds held in segregated accounts are not available to AiraPay's general creditors.
  • AiraPay's proprietary infrastructure — not a wrapper or aggregator — means funds move through rails AiraPay owns and controls directly.

Comparable: BVNK held 1 UK EMI licence and was acquired by Mastercard for $1.8B (Mar 17, 2026). AiraPay holds 3 licences across 2 jurisdictions with live revenue. Source: Mastercard Press Release · Mar 17, 2026.

PCI DSS Compliance

AiraPay maintains PCI DSS compliance — the Payment Card Industry Data Security Standard — covering all card data handled across its platform.

  • PCI DSS compliance is maintained across AiraPay's full payment stack, covering card acquiring via Visa, Mastercard, and Amex.
  • All data in transit and at rest is protected with end-to-end encryption in accordance with PCI DSS requirements.
  • AiraPay's in-house technology stack — not a third-party wrapper — allows direct control over security standards across every layer.
  • Minimum chargeback rates are guaranteed to institutional clients, backed by AiraPay's compliance and risk infrastructure.

For compliance questions, contact [email protected]. This page reflects AiraPay's licence status as of August 2026. Private and Confidential · For qualified investors and institutional clients only.