Xace targets Ontario License holders with MSB License in Canada

With the recent launch of the Ontario Gaming License, Xace have expanded their services and currencies in Canada with an MSB license.

Xace, the gaming focused banking and payment provider, has announced their launch in Canada as a Money Services Business (MSB).

Xace.ca recently registered with FINTRAC, the Canadian regulator, which allows Xace to directly target the Canadian gaming sector alongside the recent launch of the Ontario Gaming License. Keen to expand both their product offering in Canada and scale the existing currency offering to provide Canadian Dollars ($CAD), Xace now has one of the broadest account options in iGaming.

The expansion to North America is another step forward for the rapidly growing Xace brand, who currently count some of the world’s biggest gaming firms as their customers. The company has continued to grow as an alternative to traditional high street banks, providing named accounts that are ideal for the gaming industry.

Available immediately, customers operating in Canada, or with Canadian Dollars, can receive, pay with and convert CAD into over 8 alternative currencies including GBP, EUR and USD to assist with facilitating their global gaming operations alongside the Ontario Gaming License.

David Hodkinson, CEO said “Pushing boundaries and being at the forefront of global gaming payments is the main goal of Xace. Being able to now serve the Canadian gaming market, especially at the time of the Ontario Gaming License was important and we are delighted to be expanding in this way.”

CBO Andria Evripidou added “I am hugely proud to be launching our services and accounts in Canada. With all the recent developments in the financial and gaming ecosystem, Canada became an unmissable opportunity for Xace. I look forward to welcoming Canadian customers to our platform.”