The day is coming soon...A reminder, the designated window for PSPs to register with the bank of Canada is November 1-15, 2024.
The Bank of Canada has now released information on how to submit applications via PSP Connect, the BOC's web portal for payment service providers.
All communications with the Bank including registration applications and document submissions must be conducted for this portal starting November 1st. The link to the portal will be available on the Bank of Canada's website on November 1st.
Below are the steps you should follow starting November 1st:
1. Create an Account on PSP Connect
2. Enter the Required information and upload documents
3. Submit your application and pay the fee
For more information, visit the Bank of Canada.
If you are a PSP and need help navigating registration or have any questions, please reach out to an AML Expert today contactus@theamlshop.ca