Directory/SomPay
SomPay

SomPay

Contact
Visit website
Category
  • Fintechs
  • Payments
  • Remittances
Use Cases
  • B2B Payments
  • Cross-Chain Transfers
  • Payment Settlement
  • P2P Remittances
  • US Dollar Access
Blockchains Supported
  • Arbitrum
  • Avalanche
  • Base
  • Ethereum
  • Polygon PoS
On/Off-Ramps
  • Yes
Platform
  • Android
  • iOS
  • Web
Region
  • North America
Country
  • Canada
  • United Arab Emirates
  • United Kingdom
  • United States
Support
Protect Safety Solutions Ltd.

A next-gen remittance platform for global transfers powered by stablecoins.

Based in Canada, SomPay is a FINTRAC-registered Money Services Business (MSB) focused on enabling fast, compliant, and cost-efficient cross-border payments between North America and East Africa.

Our platform allows users to send funds from Canada and the United States to countries such as Somalia, Kenya, and surrounding regions through a hybrid model combining traditional payment rails and digital asset settlement.

We leverage stablecoins as a settlement layer to improve liquidity, reduce transfer costs, and enable near real-time transactions across corridors where banking infrastructure is limited. Funds can be delivered via local agents, mobile money integrations, or wallet-based systems.

SomPay is designed to bridge the gap between fiat and digital finance by providing:

  • Compliant on/off-ramp infrastructure
  • Cross-border remittance services
  • Stablecoin-based settlement
  • Local payout solutions (cash pickup & mobile money)
  • Scalable liquidity for emerging markets

We are actively seeking partnerships with stablecoins infrastructure providers, liquidity partners, and on/off-ramp networks to expand our reach and improve settlement efficiency across key corridors.

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Digital assets are subject to a number of risks, including price volatility. Transacting in digital assets could result in significant losses and may not be suitable for some consumers. Digital asset markets and exchanges are not regulated with the same controls or customer protections available with other forms of financial products and are subject to an evolving regulatory environment. Digital assets do not typically have legal tender status and are not covered by deposit protection insurance. The past performance of a digital asset is not a guide to future performance, nor is it a reliable indicator of future results or performance. Additional disclosures can be found on the Legal and Privacy page.

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