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Klasha acquires MSB license to operate in Canada

Klasha acquires MSB license to operate in Canada

#financial services
#payments
With this license, Klasha can now provide financial services to businesses that want to accept payments from or send payments into Africa, in addition to foreign exchange transactions and payment processing.

Klasha, a global cross-border payments company, has obtained a Money Services Business (MSB) license from the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). This license allows Klasha to operate as a money services business in Canada, expanding its reach and enabling it to provide financial services to businesses wanting to accept or send payments to Africa. The acquisition of the MSB license aligns with Klasha's mission to facilitate seamless online cross-border payments between Africa and the rest of the world. Klasha has quickly become a leading player in the African cross-border payment market, serving over 2500 merchants in six African countries. With the MSB license, Klasha aims to bring its innovative payment services to Canada and further expand its impact in the global payments market.


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