Peoples Trust has launched with Koho, a Vancouver-based fintech company, to deliver a modern, mobile, no-fee spending account to millennials. After a 12-month beta program, Koho now offers Canadians a Smart Spending Account and branded Visa prepaid card issued by Peoples Trust. Peoples Trust provides comprehensive issuing services for reloadable and single-load open-loop prepaid cards, BIN sponsorship, regulatory expertise and market guidance to help fintechs, like Koho, establish, launch and grow card programs across Canada.

“Peoples Trust’s leadership in prepaid payments has been essential to our successful roll-out across the country,” said Daniel Eberhard, Koho’s CEO. “Their deep market knowledge and regulatory expertise ensures that Koho continues to deliver innovative and relevant financial services to Canadians.”

View the complete Press Release here.