XTM says its regulatory status remains unchanged and operations continue normally as it works through RPAA-related disclosure requirements.
XTM has issued a detailed clarification following language used in its February 2, 2026 news release that referenced RPAA-aligned operational enhancements to its AnyDay / Everyday Payment platform. The company said certain statements in that release may have been misinterpreted to suggest that Everyday People Payments Inc. (EPPI) was itself registered, or required to be registered, under Canada’s Retail Payment Activities Act (RPAA). XTM emphasized that this interpretation is incorrect and that there has been no change to its regulatory standing.
According to the company, XTM remains the registered money services business (MSB) responsible for all regulated payment activities. It is also registered with the Bank of Canada under the RPAA, and that status has remained uninterrupted. All regulated MSB and payment operations continue to be conducted under XTM’s registrations. Management and administrative services for the platform are carried out by Everyday People Financial Corp. (EPF) through EPPI under a Master Services Agreement dated October 23, 2025. Under this arrangement, EPPI does not perform MSB activities and is not subject to RPAA requirements.
XTM also addressed the safeguarding of funds on its platform. The company confirmed that it remains the regulated entity and account holder for transaction processing and settlement. All transactions are processed through XTM-controlled accounts, and cardholder funds are held in trust in accordance with legal and safeguarding obligations. These funds are segregated from operating accounts to ensure compliance and protection for users.
The company noted that EPF, acting as program manager, is implementing a series of operational enhancements designed to strengthen overall program management. These measures are intended to elevate operating standards and support a best-in-class experience for both merchants and end users.
XTM said the clarification is part of its ongoing commitment to transparent disclosure and to maintaining a secure, reliable, and regulatorily aligned payments ecosystem for Canadian businesses and workers.
About XTM Inc.
XTM Inc. is a Toronto-based fintech enabler and the founder of AnyDay®, a real-time payroll, tip, and earned wage access platform. Designed as a compliance-first solution, AnyDay is widely adopted across the hospitality, personal care, and retail sectors. Trusted by leading brands, XTM’s platform delivers speed, transparency, and regulatory-aligned payroll experiences.
About Everyday People Payments Inc. (“Everyday Payments”)
Everyday Payments is a strategic management services subsidiary of XTM, operating the business of delivering real-time employee payouts. Businesses using the service span hospitality, food service, beauty, wellness, and commission-based industries. Leveraging the AnyDay platform, the solution combines a powerful employer portal with a flexible mobile app and payment card for cardholders; simplifying fund management, improving visibility and control, and enabling faster, more predictable access to earnings. The platform is designed to support the future introduction of additional value-added financial services as business and worker needs evolve.
