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 is scheduled to begin 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. 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, a single aggregated view of external accounts via Yodlee, intelligent transaction categorization, and conversational AI assistance for financial queries. A general availability release for Android is planned for Q3 2026.
“One of the significant challenges facing consumers today is financial literacy and security,” said Pavel Bondarev, CEO 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.” The soft launch is a foundational step, with future features to be developed based on user feedback and regulatory requirements.
Zane is launching in Canada with plans to expand into the United States in 2027. The platform has 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 guarantee financial solvency or insure user funds against loss.
Zane targets 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 prioritize financial well-being. Revenue streams include interchange, premium enhancements, and future licensing.
PreAxia is a development-stage technology company headquartered in Calgary, Alberta. Its primary strategic objective is to leverage proprietary AI and embedded finance solutions to disrupt traditional banking models. The company’s common shares trade on the OTC Markets Group under the symbol “PAXH.” As a development-stage enterprise, PreAxia faces risks including the need for additional capital, regulatory approvals, and market adoption.
