PreAxia Subsidiary Zane Inc. Soft Launches AI-Powered Personal Finance Platform in Canada

PreAxia Health Care Payment Systems Inc. (OTC: PAXH) announced the soft launch of Zane, an innovative personal finance management mobile platform developed under its wholly owned subsidiary Zane Inc. Phase 1 of the platform is scheduled to begin in June 2026 via an invite-only iOS release to a limited group of early adopters. The platform is designed to simplify everyday money management through a proprietary AI-assisted, chat-based experience.

Zane's core financial services include instant in-app account opening, physical, digital, and virtual prepaid Visa payment cards, online and in-store payments where Visa is accepted, fund transfers 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. A general availability release for Android is tentatively planned for Q3 2026 alongside continued iOS expansion.

Pavel Bondarev, Chief Executive Officer of Zane Inc., stated, "One of the significant challenges facing consumers today is financial literacy and security. 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." Bondarev emphasized that the soft launch is a foundational step, with future features 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 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. These registrations confirm compliance with specific regulatory frameworks but do not constitute a guarantee of financial solvency or insurance of user funds. Funds held in prepaid accounts may not be eligible for protection under the Canada Deposit Insurance Corporation (CDIC).

Zane targets consumers seeking better ways to save, invest, and manage their finances. By integrating user experience, embedded finance, conversational AI, and intelligent decisioning tools, the platform establishes a sustainable ecosystem that prioritizes financial well-being, supported by revenue streams such as interchange, premium enhancements, and future licensing. The announcement underscores the growing trend of AI-driven personal finance tools that aim to democratize financial literacy and provide accessible banking alternatives.

PreAxia Health Care Payment Systems Inc. is a development-stage technology company serving as the parent entity of Zane Inc. The company trades on the OTC Markets Group under the symbol PAXH. As a development-stage enterprise, PreAxia is subject to significant risks, including the need for additional capital, regulatory approvals, and market adoption.

For more information, visit zanemoney.com or view the original release on NewMediaWire.