PreAxia Health Care Payment Systems Inc. (OTC: PAXH) announced the soft launch of Zane, an AI-enabled personal finance 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, with a general availability release for Android tentatively planned for Q3 2026.
Zane offers a suite of core financial services through a proprietary AI-assisted, chat-based experience designed to simplify everyday money management. Features include instant account opening, physical and digital prepaid Visa payment cards, online and in-store payments, fund transfers, access to over 36,000 ATMs across Canada, a consolidated view of external accounts via Yodlee, intelligent transaction categorization, and conversational AI assistance for financial questions.
"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."
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 guarantee financial solvency or insure user funds against loss; funds held in prepaid accounts may not be eligible for CDIC protection.
The soft launch marks a foundational step for Zane, with future features to be developed based on user feedback and regulatory requirements. The platform targets consumers seeking better ways to save, invest, and manage finances, aiming to establish a sustainable ecosystem supported by revenue streams such as interchange, premium enhancements, and future licensing.
PreAxia Health Care Payment Systems Inc. is a development-stage technology company serving as the parent entity of Zane Inc. Its common shares trade on the OTC Markets Group under the symbol PAXH. As a development-stage enterprise, PreAxia is subject to risks including the need for additional capital, regulatory approvals, and market adoption.
For more information about Zane, visit zanemoney.com. The original press release is available on NewMediaWire.
