Transfer Time to Major Corridors
Countries Supported
Registered Users
Successful Transfer Rate
Project Overview
A mobile-first money transfer platform built for Canada's diverse diaspora community
Orbit Money is a fast and secure international money transfer platform built for Canadian residents sending money to family and friends around the world. Focused on speed, transparency, and trust, the platform delivers transfers to 180+ countries — with major corridors completing in minutes rather than the 3–5 business days typical of traditional banks.
Techxil designed and built the complete product — the iOS and Android mobile applications, the backend transfer processing and compliance infrastructure, bank connectivity integrations, and the real-time exchange rate engine. The platform is fully compliant with Canadian financial regulations and has grown to 200,000+ registered users.
The Challenge
International money transfers were slow, expensive, and opaque
For the millions of Canadians sending money to family abroad, the experience was deeply frustrating. Traditional bank wire transfers took 3–5 business days and carried significant fees plus hidden FX margins. Legacy remittance providers had outdated interfaces and charged per-transfer fees that eroded the amount received. And in every case, the recipient amount was only revealed after the transaction was initiated — leaving users unable to make an informed decision upfront.
Building a compliant money transfer platform in Canada is technically and regulatorily demanding — requiring FINTRAC registration, AML compliance, robust identity verification, sanctions screening, real-time bank connectivity, and the engineering infrastructure to handle funds movement reliably at scale. The Orbit Money founders needed a technology partner with deep expertise in all of these domains.
Key Pain Points
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3–5 day bank wire transfers frustrating customers who needed urgency
When families depend on remittances for rent, food, or medical expenses, a 3-to-5 day wait is not just inconvenient — it creates genuine hardship. The absence of fast transfer options was a clear market gap that Orbit Money was built to fill.
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Hidden fees and poor FX rates reducing the amount received
Legacy remittance channels applied opaque fees and unfavourable exchange rates. The actual amount received by the beneficiary was routinely 5–8% less than the sender expected — undermining trust and driving users to seek alternatives.
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Complex Canadian regulatory requirements for money transfer operators
Operating as a money services business in Canada requires FINTRAC registration, a comprehensive AML compliance program, customer identity verification, sanctions screening, and transaction reporting capabilities — a significant technical and regulatory burden for a new entrant.
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Poor mobile experience on existing remittance platforms
Existing options had outdated, confusing interfaces with too many steps and no real-time delivery estimates or exchange rate transparency. A modern, intuitive mobile-first design was a key product differentiator Orbit Money needed to win on.
The Solution
A mobile-first transfer platform built on trust, speed, and transparency
Techxil engineered Orbit Money as a fully native iOS and Android application backed by a robust, compliance-grade backend. Every design and engineering decision prioritised three things: making transfers as fast as technically possible, showing users exactly what they and their recipients get before they commit, and building a compliance infrastructure that meets Canadian regulatory requirements from day one.
Mobile-First Transfer Experience
The iOS and Android apps were built with a minimal-step transfer flow — enter amount, select recipient, confirm, done. Real-time exchange rates and total fees are displayed transparently before any commitment, and estimated delivery time is shown for every corridor. Push notifications keep senders informed at every stage, from processing to delivery confirmation.
Real-Time FX & Transfer Engine
A live exchange rate engine streams institutional FX prices in real time, ensuring every user sees a competitive, up-to-the-second rate rather than stale indicative pricing. The transfer backend orchestrates payment processing, correspondent banking networks, and mobile wallet delivery endpoints — enabling sub-3-minute delivery to major corridors including India, Philippines, Mexico, and Pakistan.
Compliance & AML Infrastructure
A fully integrated AML compliance engine performs real-time sanctions screening on every transaction using OFAC, UN, and FINTRAC watchlists. Automated transaction monitoring applies rule-based risk scoring and triggers enhanced due diligence for flagged transactions. The compliance module generates all required FINTRAC reporting automatically, without manual analyst intervention.
Identity Verification & KYC
Every Orbit Money account undergoes digital KYC verification — document scan, biometric selfie matching, and database checks — before the first transfer is allowed. The identity verification flow is embedded seamlessly within the mobile app onboarding, completing in under two minutes. Tiered verification enables new users to send at lower limits immediately while full verification processes in the background.
Bank Connectivity & Funding
Open banking API integration enables users to link their Canadian bank accounts securely and fund transfers via EFT, Interac, or debit card. Multiple funding methods reduce friction and ensure users can send money when they need to, regardless of their banking setup. Bank-grade TLS encryption and tokenised account data protect every connection.
Fraud Detection & Security
A real-time fraud detection layer analyses transaction patterns, device fingerprints, and behavioural signals to identify and block fraudulent activity before funds move. Biometric authentication (Face ID / fingerprint) secures every app session. Suspicious accounts are automatically flagged for manual review, protecting the platform and its users from financial crime.
The Results
200,000+ users trusting Orbit Money to send to 180+ countries
Orbit Money launched as a fully compliant, production-ready money transfer platform and grew rapidly by delivering on its core promise: faster, cheaper, and more transparent international transfers than any incumbent alternative.
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Under 3-minute transfers to major corridors — from 3–5 days
Real-time payment rails, direct integrations with correspondent banking networks, and mobile wallet delivery endpoints bring transfer completion times to under 3 minutes for the most popular corridors — a 200x improvement over traditional bank wire transfers.
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200,000+ registered users and growing
Driven by competitive pricing, transparent rates, and an intuitive mobile experience, Orbit Money's user base has grown rapidly since launch — fuelled primarily by word-of-mouth referrals within diaspora communities across Canada.
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99.95% successful transfer rate — near-zero failure on live transactions
Rigorous error handling, automatic retry logic, and fallback payment routes ensure the vast majority of transfers complete successfully on the first attempt. The 0.05% failure rate — primarily driven by recipient bank issues outside Orbit Money's control — is industry-leading for a platform at this scale.
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Launched fully FINTRAC-compliant from day one
The compliance infrastructure Techxil built — KYC verification, AML transaction monitoring, sanctions screening, and automated FINTRAC reporting — enabled Orbit Money to launch with full regulatory compliance in Canada, providing the foundation for sustainable, audit-ready growth.
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Coverage across 180+ countries with multiple delivery methods
Bank-to-bank transfers, mobile wallet delivery, and cash pickup options across 180+ countries give Orbit Money users unmatched flexibility. The platform covers every major remittance corridor from Canada, with competitive rates across all of them.
Technology Stack
Tools & technologies used
"TechXil delivered exactly what we envisioned for Orbit Money — a fast, trustworthy, and beautifully designed money transfer app that our users genuinely love. The compliance infrastructure they built gave us the confidence to launch knowing we met every Canadian regulatory requirement. We could not have found a better engineering partner for a fintech product of this complexity."
Co-Founder
Orbit Money — orbitmoney.com