- Toronto-based fintech Beacon is set to launch Beacon Money, Canada’s first digital wallet dedicated to new international residents, in January 2025.
- The wallet simplifies account setup for immigrants, requiring no Canadian ID, local address, or credit history. It supports bill payments, salary deposits, and Interac e-Transfers.
- Users can activate their wallet up to six months pre-arrival to start managing their finances before moving.
- Indian users can link Beacon Money with Beacon Remit, a service enabling pre-funded transfers to Canadian accounts before departure.
- Powered by Visa prepaid cards, Beacon Money ensures seamless global transactions online, in-store, and at ATMs.
