PreAxia Health Care Payment Systems Inc. (OTC: PAXH) announced the soft launch of Zane, a personal finance management mobile platform developed by its wholly owned subsidiary, Zane Inc. Phase 1 of the platform will begin in June 2026 via an invite-only iOS release to early adopters, with a general Android release tentatively planned for Q3 2026.
Zane offers a proprietary AI-assisted, chat-based experience designed to simplify everyday money management. Features include instant account opening, physical and virtual prepaid Visa payment cards, online and in-store payments, fund transfers, access to over 36,000 ATMs across Canada, aggregated views of external bank accounts via Yodlee, intelligent transaction categorization, and conversational AI assistance for financial questions.
CEO Pavel Bondarev stated, 'One of the significant challenges facing consumers today is financial literacy and security. We are building Zane to help them build and grow quickly their emergency funds and take better control of their financial lives through a simplified, intelligent experience that increases financial awareness and education.'
Zane is launching in Canada with plans to expand into the United States in 2027. The platform integrates with partners including Digital Commerce Bank (via Pateno Payments Inc.), Visa, and Yodlee. Zane is registered with the Bank of Canada as a Payment Service Provider under the Retail Payment Activities Act (RPAA) and as a Money Services Business with FINTRAC.
The market opportunity targets consumers seeking better ways to save, invest, and manage finances. By integrating user experience, embedded finance, conversational AI, and intelligent tools, Zane aims to create a sustainable ecosystem prioritizing financial well-being, with revenue streams from interchange, premium enhancements, and future licensing.
PreAxia is a development-stage technology company headquartered in Calgary, Alberta, serving as the parent entity of Zane Inc. Its strategic objective is to leverage AI and embedded finance to disrupt traditional banking models. The company's common shares trade on the OTC Markets under the symbol 'PAXH.'
For more information, visit zanemoney.com to sign up for updates. The original press release is available on NewMediaWire.
This press release contains forward-looking statements and is not financial advice. Users should consult qualified professionals before making financial decisions.
