PreAxia Health Care Payment Systems Inc. (OTC: PAXH) has announced the soft launch of Zane, a groundbreaking AI-enabled personal finance 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 release for Android tentatively planned for Q3 2026.
Zane is designed to simplify everyday money management through a proprietary AI-assisted, chat-based experience. Key features include instant account opening directly in-app, physical and digital prepaid Visa payment cards, online and in-store payments where Visa is accepted, fund transfers and money movement 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 and tasks.
“One of the significant challenges facing consumers today is financial literacy and security,” said Pavel Bondarev, Chief Executive Officer 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 and integrations 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.
The market opportunity for Zane is significant, as it targets consumers searching for better ways to save, invest, and manage their finances. By integrating outstanding user experience, embedded finance, conversational AI, and intelligent decisioning tools, the mobile platform aims to establish a sustainable ecosystem that prioritizes the user's financial well-being. Revenue streams include interchange, premium enhancements, and future licensing.
PreAxia Health Care Payment Systems Inc. is a development-stage technology company headquartered in Calgary, Alberta, and serves as the parent entity of Zane Inc. The Company’s primary strategic objective is to leverage proprietary artificial intelligence and embedded finance solutions to disrupt traditional banking models by delivering consumer-centric financial tools. Investors should be aware that 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.
For more information, visit zanemoney.com.
