PreAxia Health Care Payment Systems Inc. (OTC: PAXH) announced today the soft launch of Zane, a personal finance management mobile platform developed by its wholly owned subsidiary Zane Inc. Phase 1 of the platform is scheduled to begin in June 2026 via an invite-only iOS release to a limited group of early adopters. The company describes Zane as an innovative, AI-assisted chat-based experience designed to simplify everyday money management.
Phase 1 features include instant account opening, physical and virtual prepaid Visa payment cards, online and in-store payments where Visa is accepted, fund transfers between users and to external accounts, access to more than 36,000 ATMs across Canada, and a single aggregated view of all external bank accounts via Yodlee. Additionally, the platform offers intelligent transaction categorization, spending insights, and conversational AI assistance for financial questions. 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 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 and as a Money Services Business with FINTRAC. These registrations confirm compliance with specific regulatory frameworks but do not constitute a guarantee of the company’s financial solvency or insure user funds against loss.
Zane is being built for those searching for better ways to save, invest, and manage their finances. By integrating user experience, embedded finance, conversational AI, and intelligent decisioning tools, the mobile platform aims to establish a sustainable ecosystem that prioritizes the user's financial well-being, supported by diverse revenue streams such as interchange, premium enhancements, and future licensing.
PreAxia Health Care Payment Systems Inc. (OTC: PAXH) serves as the parent entity of Zane Inc. and is a development-stage technology company headquartered in Calgary, Alberta. The company’s primary strategic objective is to leverage proprietary AI and embedded finance solutions to disrupt traditional banking models. As a development-stage enterprise, PreAxia is subject to significant risks, including the need for additional capital, regulatory approvals, and market adoption.
For more information and to sign up for updates, visit zanemoney.com. The original release is available on NewMediaWire.
