Bank Index

Gigadat

E-money or payment institution · Canada · overall 4.8 / 10

Open in Bank Index

How this 4.8 is built

Average of 10 scored needs: 4.8. Regulation in Canada: 91/100 (World Bank governance indicators). Licence confirmed by a regulator's own list. Scores set by its kind of institution.

Gigadat is recorded in the global register as an e-money or payment institution in Canada. The register names Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) as its regulator and shows the licence as active. Collected from open registers.

On its own website: “Gigadat Solutions provides reliable and secure Canadian online banking payment solutions that fit your needs. Accept Interac e-Transfer® payments and expand your business across Canada.”

Regulated by
Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)
Licence confirmed
yes, on a regulator's own list
Website
gigadatsolutions.com

Scores, 0 to 10

6.0Canada
Licensed and operating in its home country per the register entry; the depth of its offer here has not been checked yet. · source
6.0Fast digital onboarding
An e-money or payment institution: it moves money and issues accounts but takes no deposits and lends nothing. · source
6.0Online businesses: e-commerce and SaaS
An e-money or payment institution: it moves money and issues accounts but takes no deposits and lends nothing. · source
5.5Lowest fees
An e-money or payment institution: it moves money and issues accounts but takes no deposits and lends nothing. · source
5.5Fintech companies that need a partner bank
An e-money or payment institution: it moves money and issues accounts but takes no deposits and lends nothing. · source
5.5Startups & VC-backed companies
An e-money or payment institution: it moves money and issues accounts but takes no deposits and lends nothing. · source
5.0Cross-border payments, FX and multi-currency accounts
An e-money or payment institution: it moves money and issues accounts but takes no deposits and lends nothing. · source
5.0Business cards (Visa, Mastercard)
An e-money or payment institution: it moves money and issues accounts but takes no deposits and lends nothing. · source
4.0Financial strength & stability
An e-money or payment institution: it moves money and issues accounts but takes no deposits and lends nothing. · source
3.5Trade, manufacturing & import-export
An e-money or payment institution: it moves money and issues accounts but takes no deposits and lends nothing. · source
2.0Best interest on business balances
An e-money or payment institution: it moves money and issues accounts but takes no deposits and lends nothing. · source

Sources

Built on public information and the BankStore team's own aggregated experience; no confidential client or partner data. Bank Index and BankStore are not banks. This is information, not financial advice.