We are proud to announce the launch of Beacon Money.
With an open waitlist today and launching publicly in January 2025, Beacon Money allows immigrants from around the world to open, fund and use Beacon Money within the Beacon Super App prior to their arrival, and then for their daily payment and spending needs once they are living in Canada. Permanent residents, students, and work permit holders can all settle with confidence in Canada with Beacon.
Key Features of Beacon Money:
1️⃣ Effortless Account Opening: Beacon Money’s user setup is crafted for immigrants’ unique needs, with no requirement for branch visits or Canadian-specific documents like a Social Insurance Number, Canadian ID, local address, or credit history.
2️⃣ Ready Before Landing: The user profile is active and the associated wallet is functional up to six months before arrival, allowing users to start setting up their life in Canada well in advance.
3️⃣ Ideal for Daily Financial Needs: Post-arrival, Beacon Money supports everyday financial needs, including salary disbursements, Interac e-Transfer®, bill payments, and a Visa card (both physical and virtual) for online, in-store, and ATM transactions.
4️⃣ Easy Global Funding: Beacon Money can be funded globally via the SWIFT network, with Beacon Remit available specifically for users from India.
Read our coverage in Fintech.ca linked in the comments, and visit mybeacon.ca to join the waitlist.