UAE – Lebanese fintech innovator Whish Money has taken a major step in its global expansion strategy by securing financial services licenses in Canada, marking its first regulatory approval outside the MENA region. The company is actively pursuing additional licenses in other key markets, including the United States, United Kingdom, European Union, and Australia, as part of its ambition to establish a fully regulated, international presence.

Unlike many fintechs that rely on third-party partnerships or limited agent networks, Whish Money emphasizes direct, in-country licensing. This approach entails setting up locally incorporated entities that operate fully within each country’s regulatory framework. By doing so, the company ensures compliance, security, and transparency, while retaining complete control over the customer experience. The Canadian licenses provide a solid foundation for its North American operations and set the stage for further global growth.

“Securing our Canadian license is a monumental milestone that validates our compliant, customer-first model and lays the groundwork for international expansion,” said Toufic Koussa, Chairman of Whish Money. “This move goes beyond entering a new market; it’s about strategically connecting diaspora communities with trusted financial infrastructure, starting with North America. Our vision is to create a regulated, transparent global ecosystem that genuinely serves users worldwide.”

Headquartered in Beirut and regulated by Lebanon’s Central Bank, Whish Money rose to prominence by offering digital financial services that were critical during Lebanon’s economic crisis. The company has grown its user base to over 1.5 million, providing reliable solutions for payroll, money transfers, and bill payments when traditional financial channels were limited.

Whish Money’s global expansion strategy is strengthened by strategic partnerships with major international players including Visa, Mastercard, Ria, and Terrapay. These collaborations enhance the company’s secure, compliant cross-border payment infrastructure and expand financial access for its users.

Ultimately, Whish Money aims to evolve from a regional payment provider into a comprehensive global financial ecosystem, connecting communities across borders with a fully regulated, trusted financial network.