PreAxia Health Care Payment Systems Inc. (OTC: PAXH) on Wednesday announced the soft launch of Zane, a personal finance management mobile platform developed by its wholly owned subsidiary, Zane Inc. The platform integrates artificial intelligence and chat-based interactions, with Phase 1 scheduled for June 2026 in an invite-only iOS release to a limited group of early adopters.
Zane is designed to simplify everyday money management through a proprietary AI-assisted, chat-based experience. Features include instant account opening, physical, digital, 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 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.
“One of the significant challenges facing consumers today is financial literacy and security,” said Pavel Bondarev, Chief Executive Officer of Zane Inc., in a statement. “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.”
The platform is launching in Canada with plans to expand into the United States beginning in 2027. Zane’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 (RPAA) and as a Money Services Business with FINTRAC, according to the release.
The company emphasized that registration confirms compliance with specific regulatory frameworks but does not constitute a guarantee of financial solvency or insure user funds against loss. Funds held in prepaid accounts may not be eligible for protection under the Canada Deposit Insurance Corporation (CDIC).
Zane is targeting individuals seeking better ways to save, invest, and manage their finances. By integrating user experience, embedded finance, conversational AI, and intelligent decisioning tools, the platform aims to establish a sustainable ecosystem that prioritizes financial well-being, supported by revenue streams such as interchange, premium enhancements, and future licensing.
PreAxia Health Care Payment Systems Inc. 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 subject to significant risks, including the need for additional capital, regulatory approvals, and market adoption.
Interested users can sign up for updates at zanemoney.com. A general availability release for Android is tentatively planned for Q3 2026, alongside continued iOS expansion.
