- February 21, 2024
Western Union and Mercado Pago are extending their relationship and widening a cross-border payments channel between the United States, Canada and Mexico.
U.S. and Canadian customers can now send money from ...
- February 7, 2024
Payments Canada, the public purpose organization responsible for owning and operating Canada’s payment systems, is undergoing a leadership transition.
Tracey Black, the president and CEO, has decided not to renew her ...
- February 6, 2024
Global payments firm Payroc WorldAccess has acquired Canadian firm SterlingCard Payment Solutions.
This acquisition enhances Payroc’s offerings in the Canadian market by adding Sterling’s card-present solution to its existing enterprise card-not-present ...
- February 6, 2024
Real-time payments have continued their growth in 2024 so far, with several developments unfolding in various countries around the globe. Angola, for one, has taken its initial dive into the ...
- January 22, 2024
Visa Canada will support the entrance of accelerator and venture capital (VC) firm Plug and Play into the Canadian FinTech market.
This collaboration will enable Canadian FinTechs to access Visa’s global network; join exclusive, ...
- January 8, 2024
Canada is reportedly upping its use of artificial intelligence (AI) to combat money laundering.
Donna Achimov, deputy director of the country’s Financial Transactions and Reports Analysis Centre (FINTRAC) told Reuters Monday (Jan. 8) ...
- December 12, 2023
Payments platform ConnexPay has added acquiring in Canadian dollars to its virtual card issuing offering.
The expansion lets ConnexPay customers process payments in Canadian dollars (CAD), according to a Tuesday (Dec. 12) press ...
- November 30, 2023
Toronto-Dominion Bank, Canada’s second-largest lender, has reportedly undertaken a restructuring plan that includes a 3% reduction in its workforce.
The job cuts will be implemented through attrition as well as targeted ...
- November 15, 2023
Ocado Group is applying its technology outside the online grocery space for the first time, making it the latest eGrocery company to expand beyond the category.
The eCommerce technology company, which ...
- October 20, 2023
Poshmark is shuttering some overseas operations and paying greater attention to America’s recommerce market.
“In order to focus on Poshmark’s North America business and drive meaningful growth in its core markets of ...
- September 20, 2023
Square has partnered with Jane Technologies, an online ordering platform service for cannabis dispensaries, to enter the cannabis market in Canada.
This collaboration seeks to cater to the needs of cannabis retailers in ...
- September 14, 2023
BigTime Software, an operating platform for professional services organizations, has partnered with BlueSnap, a global payment orchestration platform, to bring online payment and financial management capabilities to its customers in Canada.
This ...
- September 12, 2023
Visa Canada has announced the appointment of Sam Fuda as the new vice president, head of commercial and money movement (CMS), Canada.
Fuda succeeds Jim Filice in this role, Visa Canada said in a press release ...
- September 5, 2023
FinTech firm ebankIT, in collaboration with Home Trust, launched a digital platform to offer seamless and integrated user experiences to Home Trust’s mortgage clients, according to a Tuesday (Sept. 5) ...
- August 29, 2023
Bank of America has launched its Global Digital Disbursements solution in Canada.
This solution aims to support business-to-consumer (B2C) payments and consumer-to-business (C2B) request for payments, providing a cost-efficient and customer-friendly alternative to cash ...
- August 24, 2023
TD Bank has disclosed that it is cooperating with inquiries from regulators and law enforcement regarding its compliance with anti-money laundering rules.
The bank made this disclosure in its report to shareholders for the ...
- August 16, 2023
Coinbase has teamed with open banking provider Trustly as it expands into Canada.
The partnership, announced Wednesday (Aug. 16), lets Coinbase users in Canada deposit and withdraw funds from their bank ...
- August 14, 2023
Coinbase has officially expanded into Canada as it continues to battle regulators stateside.
America’s largest cryptocurrency exchange announced Monday (Aug. 14) that it was working with financial services firm Peoples Trust ...
- August 11, 2023
It’s a widely reported data point that 93% of central banks are in at least some stage of deploying — or at least exploring — central bank digital currencies (CBDCs).
But ...
- July 5, 2023
The Canadian government and two companies have fired back in a dispute with Meta Platforms.
The government, media firm Quebecor and cable television operator Cogeco Communications have said in separate announcements that they have halted ...
- June 22, 2023
Embedded payments solution provider Fortis has expanded to Canada, added a new feature and acquired SmartPay.
The expansion to Canada, which is Fortis’ first market outside the United States, makes all of the company’s solutions available ...
- June 6, 2023
After avowing that its DashPass subscription growth strategy was centered not on partnerships but on organic channels, DoorDash has changed its tune, at least in Canada.
The aggregator announced Tuesday (June 6) that it is partnering with Amazon ...
- May 16, 2023
Vault has launched an all-in-one online financial platform for small- to medium-sized businesses (SMBs) in Canada.
The platform is designed to give SMB owners access to financial products and services that are not easily ...
- May 14, 2023
Binance says new regulations in Canada have forced it to exit that country’s crypto market.
“We had high hopes for the rest of the Canadian blockchain industry,” the world’s largest crypto exchange ...
- April 13, 2023
Payments company Stripe and buy now, pay later (BNPL) provider Affirm have expanded their partnership.
According to a Thursday (April 13) news release, the expansion makes Affirm’s Adaptive Checkout feature available ...
- April 11, 2023
The speed with which AI is radically transforming global economies has not escaped regulators’ attention.
As fears continue to grow over the potential use-case implications of artificial intelligence (AI), lawmakers around ...
- March 14, 2023
Tabit and Lenovo have partnered to offer business-to-business (B2B) buy now, pay later (BNPL) in Canada.
With this collaboration, Tabit’s B2B BNPL payment method will be integrated into Lenovo’s offerings so ...
- March 2, 2023
Nine years after taking its high-end brand north of the border, luxury retailer Nordstrom says it will now shutter all 13 of its Canadian locations to shift focus on revamping ...
- February 9, 2023
Canadian small business owners have embraced open banking, but want better access to digital tools.
That’s according to a survey released Thursday (Feb. 9) by Mastercard, conducted as Canada’s government prepares ...
- January 17, 2023
Clik2pay now enables Shopify online merchants to accept payments directly from Canadian customers’ bank accounts.
This direct-from-account payment option gives Canadian consumers the choice of using a payment method other than ...
- January 11, 2023
India is paving the path to payments interoperability — not just across providers, but across borders.
For payments to become truly ubiquitous — especially real-time remittances — countries’ payments schemes have ...
- December 29, 2022
Sezzle is now offering its credit-building service Sezzle Up in Canada.
Already available in the United States, Sezzle Up now enables users of Sezzle’s buy now, pay later (BNPL) solution in ...
- December 20, 2022
Checks remain a key B2B payment method in Canada, but commercial cards are changing that.
A driving force behind this is the partnership of New York-based Boost Payment Solutions and Toronto-based ...
- December 13, 2022
Canada has joined a list of countries increasing oversight into cryptocurrencies following the FTX collapse.
The Canadian Securities Administrators (CSA) said in a Monday (Dec. 12) news release that it is ...
- December 7, 2022
Canadian pension fund CPP Investments has reportedly stopped any consideration of investments in cryptocurrency.
The firm has made no direct investment in crypto but had formed a team in early 2021 ...
- November 21, 2022
Propel Holdings, a FinTech that offers users access to credit in the United States, has entered the Canadian market with an online credit offering for underserved Canadian consumers.
Fora Credit is ...
- November 21, 2022
Ontario-based international automotive trading platform TRADE X announced on Monday (Nov. 21) that it has expanded its business-to-business (B2B) online vehicle marketplace into Ghana.
With the opening of an office in ...
- October 18, 2022
Visa has launched a pair of collaborations designed to bring its “Installments” program to more cardholders to meet a growing demand among Canadian consumers for installment offerings.
“With Installments enabled by ...
- October 6, 2022
While the vast majority of businesses’ pre-pandemic offerings returned a while back, there have been certain holdouts that continued to seem too risky even with most legislative restrictions peeled back. ...
- October 5, 2022
Walmart is looking to make it easier for Indian companies to leverage its Walmart Marketplace to bring more products to shoppers ahead of the yearly holiday shopping season with a ...