Lyra is a cross-border business remittance platform offered in Canada by Remitware Payments Canada Inc.(RPCI). RPCI is a FINTRAC-registered money service business (MSB).
Currently, money can be received by recipients in their bank accounts in destination countries.
Businesses in Canada can register on Lyra Web application to avail this facility.
Authorized persons in any Business based in Canada can register by providing basic information on self and the business they represent.
Businesses can register provisionally and start doing transactions immediately and experience the power of Lyra Platform. Authorized official / mandatory of RPCI would visit your location to collect required ID/KYC documents. Once all ID/KYC documents are completed and accepted by RPCI, your provisional registration is converted to Full Registration.
In order to keep the Lyra Safe & Secure from scamsters, every registration is put through a Watch List Check and soft credit file checks are done on the authorized persons’ profile. This results in ensuring that only genuine people can use the service.
The Lyra web app currently accepts payments for practically all commercial purposes, details of which can be had once you complete your registration on Lyra.
While we do not charge the recipient any fees for receiving money, any intermediary financial institution or the recipient’s financial institution may levy additional fees or service charges.
- A local bank account in Canada
- Sufficient funds to send money
- Registration on Lyra Platform
- The recipient’s bank details
- Billing and other Documentation regarding the payment, if asked for
- Click on the Business Payment / Lyra link on www.remitr.ca
- Sign up and provide your basic details of the business, as well as yourself
- Register your beneficiary
- Check rates and provide the amount to be transferred
- Enter Beneficiary and Transaction details on the web portal or integrate your Account Payables systems with our API
Yes. Transactions can be settled on Lyra either singly or on a batch basis as may be convenient to you.
No. You can transfer money any time of the day or night, regardless of what time it is in your recipient’s country.
Typically, your recipient will receive the funds in local currency.
No. Your recipient’s information, will be remembered by the Lyra Platform whenever you send money next.
Immediately after you put in transactions, they are available for settlement on Lyra. They can be settled singly or in batches. A Payment Information Advice (PIA) is generated on your email giving all the details. Follow the instructions carefully to make Payment, locally in CAD to Remitware Payments Canada Inc. through the payment options we have made available to you.