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, with a general availability 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 where Visa is accepted, fund transfers between users and 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.
“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 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. Users can sign up for updates at zanemoney.com.
The mobile platform targets consumers seeking better ways to save, invest, and manage finances. By integrating user experience, embedded finance, conversational AI, and intelligent decisioning tools, Zane aims to establish a sustainable ecosystem prioritizing user financial well-being, supported by revenue streams such as interchange, premium enhancements, and future licensing.
PreAxia Health Care Payment Systems Inc. (OTC: PAXH) 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 advancing its commercialization roadmap, including the soft launch of its flagship product, Zane. The Company is subject to significant risks, including the need for additional capital, regulatory approvals, and market adoption, which could impact its ability to achieve profitability.
Important disclaimers: The information in this press release is for informational purposes only and does not constitute financial, investment, legal, or tax advice. Forward-looking statements regarding launch timelines, product functionality, strategic partnerships, and regulatory matters are based on current expectations and assumptions subject to risks and uncertainties. Registration with the Bank of Canada and FINTRAC confirms compliance with specific regulatory frameworks but does not guarantee the safety of funds or imply endorsement.
