PreAxia Health Care Payment Systems Inc. (OTC: PAXH) announced today the soft launch of Zane, a personal finance management mobile platform developed under its wholly owned subsidiary, Zane Inc. Phase 1 of the platform is scheduled to commence in June 2026 via an invite-only iOS release to a limited group of early adopters. Users can sign up for updates at zanemoney.com.
Phase 1 introduces Zane’s core financial services through a proprietary AI-assisted, chat-based experience designed to simplify everyday money management. Key features include instant account opening directly in-app, physical and digital prepaid Visa payment cards, online and in-store payments where Visa is accepted, fund transfers and money movement between users and to external accounts, access to a network of more than 36,000 ATMs across Canada, a single aggregated view of all external bank accounts via Yodlee, intelligent transaction categorization and spending insights, and conversational AI assistance for financial questions and tasks. A general availability release for Android is tentatively planned for Q3 2026, alongside continued iOS expansion.
“One of the significant challenges facing consumers today is financial literacy and security,” said Pavel Bondarev, Chief Executive Officer of Zane Inc. “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. Our soft launch is a foundational step, and future features will be developed based on user feedback and regulatory requirements.”
Zane is launching in Canada with plans to expand into the United States beginning in 2027. The platform’s ecosystem includes partnerships and integrations with 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. These registrations confirm compliance with specific payment and anti-money laundering regulations but do not imply endorsement or guarantee the safety of funds. Funds held in prepaid accounts may not be eligible for protection under the Canada Deposit Insurance Corporation (CDIC).
The market opportunity for Zane is significant, targeting consumers seeking better ways to save, invest, and manage finances. By integrating user experience, embedded finance, conversational AI, and intelligent decisioning tools, the platform aims to establish a sustainable ecosystem that prioritizes financial well-being, supported by revenue streams such as interchange, premium enhancements, and future licensing.
PreAxia Health Care Payment Systems Inc. is a development-stage technology company headquartered in Calgary, Alberta, serving as the parent entity of Zane Inc. The Company’s common shares trade on the OTC Markets Group under the symbol "PAXH." As a development-stage enterprise, PreAxia is subject to significant risks, including the need for additional capital, regulatory approvals, and market adoption.
