FAST TRANSFERS
Pay across Africa from your Canadian account.
Initiate a transfer in CAD, beneficiaries receive in local currency. Most payments settle the same business day.
Alkepay
Send and receive funds, convert between local currencies, and manage multi-currency balances across African markets from one secure platform. FINTRAC registered and entirely fiat-based.
MULTI-CURRENCY WALLETS
Regulated in Canada, built for trust
FINTRAC
Registered MSB
Ontario
Incorporated 1001176840
AML Program
KYC + Sanctions screening
PIPEDA
Privacy compliant
KEY FEATURES
FAST TRANSFERS
Initiate a transfer in CAD, beneficiaries receive in local currency. Most payments settle the same business day.
TRANSPARENT PRICING
Every conversion uses a Request for Quote, so you lock the exchange rate and amount before execution, with no hidden correspondent bank deductions. Custom rates are available for high-volume activity.
REAL TIME TRACKING
Live status from initiation to payout. Notifications at every step. Receipts your finance team can reconcile.
THE PLATFORM
Beyond one-off payments, Alkepay's Treasury Portal gives finance teams a single secure interface to manage multi-currency balances, payments, and currency conversion across African markets.
Hold and view real-time balances across supported local African currencies in one account.
Receive funds through dedicated virtual account numbers issued per currency, so counterparties can pay you over local bank rails.
Convert between supported currencies using a Request for Quote flow, with the rate confirmed in real time before you commit.
Initiate outbound payments to whitelisted accounts and receive inbound transfers, all from one dashboard.
Payments above your threshold require a separate approver, with role-based access for Admin, Treasury, and Viewer users.
Filterable transaction history, real-time status updates, and downloadable records your team can reconcile.
Building your own flows? Integrate Alkepay's payment API and use the portal to monitor balances and activity tied to your integration.
HOW IT WORKS
Complete KYB once. Submit incorporation documents, beneficial ownership, and a director ID. Most businesses are approved within a few business days.
Hold balances in multi-currency wallets and receive funds through dedicated virtual account numbers (VIBANs). Convert between currencies with a Request for Quote, confirming the rate before execution.
Send to pre-approved, whitelisted accounts. Payments above your threshold require a second approver under maker-checker controls, and every transaction is tracked end to end.
Same day
settlement on most corridors
One fee
transparent, shown before you send
FINTRAC
registered MSB
Volume pricing available. Talk to us for a quote →
REGULATED IN CANADA
Alkepay is registered with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) as a Money Services Business. We are authorized to deal in foreign exchange and to transmit money across borders. Every transaction is screened against AML and sanctions lists, and every customer is onboarded under a documented KYC and KYB program.
FINTRAC MSB. Federal registration to deal in foreign exchange and transmit money.
Ontario incorporated. Company registration number 1001176840.
AML and sanctions screening. Every transaction monitored. Every customer KYC and KYB verified.
FAQ
Yes. Alkepay Inc. is a FINTRAC-registered Money Services Business (registration number C10001750), authorized to deal in foreign exchange and to transmit money internationally. We operate an entirely fiat-based model and are incorporated in Ontario, Canada (registration number 1001176840).
We support payments and multi-currency balances across Nigeria, Ghana, Kenya, South Africa, and select Central African Franc markets. New corridors are added based on customer demand, so tell us where you need to operate and we will confirm coverage.
Most CAD to Africa transfers settle the same business day. Some corridors deliver in minutes through local rails. Exact time depends on the destination country, the receiving bank, and local cutoff windows.
Currency conversions use a Request for Quote, so you see and confirm the exact rate and amount before execution. Partner-based custom rates are available for high-volume conversion activity.
Articles of incorporation, a recent corporate document confirming directors and ownership, government issued ID for directors and beneficial owners, and proof of business address. Industry-specific documentation may be requested.
Customer funds are held with a regulated banking partner in segregated accounts, and Alkepay is entirely fiat-based. The Treasury Portal enforces two-factor authentication, whitelisted payee accounts, and maker-checker approvals; every transaction is screened against AML and sanctions lists; and personal data is handled in accordance with PIPEDA.
Tell us about your business, the countries you pay into, and your monthly volume. We will respond within one business day.