Money transmission services and registrations as a Money Services Business (MSB) in the United States and Canada (FINTRAC) are maintained by our licensed financial partners. In every African market we serve, we operate exclusively through locally licensed and regulated financial institutions to ensure compliance with applicable local laws and robust safeguards for customer funds.
Our digital infrastructure allows users to facilitate financial transfers across the United States and Canada, subject to applicable state and provincial regulations. Funds held in your wallet are maintained in segregated custodial accounts at FDIC-insured banking partners and may be eligible for pass-through FDIC insurance up to $250,000 per customer, subject to applicable terms and conditions.
We use bank-grade AES-256 encryption and maintain compliance with GDPR and CCPA data privacy standards.