Beacon Money gives people from around the world the ability to open, fund and use Beacon for everyday spending needs.
Beacon Money gives people from around the world the ability to open, fund and use Beacon for everyday spending needs.
No more juggling logins or NRI accounts.
Pay India bills from Canada instantly, no FX hassle.
98% of transfers delivered in under a minute – with no service fees and the live FX rate, nothing added on top.
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Everything you need, One app.
Yes. Beacon is registered as a Payment Services Provider and Money Services Business with Bank of Canada and FINTRAC (Canada’s financial intelligence unit), which oversees anti-money-laundering and anti-terrorist-financing compliance.
All transactions are encrypted and processed in line with Bank of Canada and RBI standards.
Yes. You can open your account, deposit funds, and even start sending money or paying bills before you arrive — so your account and virtual Visa card are ready to use the moment you land.
There is no service fee — even on small transfers. Before you confirm, you’ll always see the live exchange rate, the exact amount that’ll be deducted in CAD, and the exact amount the recipient gets in INR, with nothing hidden or added on top.
Yes. Beacon operates as per the rules set by Bank of Canada, FINTRAC and Reserve Bank of India (RBI). All money transfers to India run through regulated, encrypted rails, so your funds and data are protected end to end.
There’s no separate service fee. The full cost is reflected in the exchange rate shown before you confirm — you’ll see the amount sent, the rate applied, and the exact amount the biller receives, with no charges added after confirmation.
Yes, Beacon can also be used to pay bills in Philippines. We intend to add other countries in the future as we grow.
Get the My Beacon App
Scan QR code to download the app Android & iOS
Have a referral code? You can enter it during signup.
