BNPLIndustry News

Canadians Ready to Spend but Will Stay Home Again This Holiday Season

Household Items, Gift Cards and Tech Among Holiday Must-Haves TORONTO, ON—-Zip Co Limited released its Holidays Unzipped: Zip Canada’s 2021 Holiday Spending Report. The report* finds that while all Canadians are likely to spend more this year, it’s the younger generations (Gen Z and Millennials) who plan to spend the …

FinTechIndustry News

Sage partners with Zapier to elevate the work of SMBs with the power of automation

Unlocking new ways to automate workflows and save an average of 10 hours per week on manual, repetitive tasks TORONTO, ON–Sage, the market leader in cloud business management solutions, announced the availability of Zapier, the workflow automation platform for business, on the Sage Marketplace in Canada, US, UK and Ireland. …

Industry News

BDC Named Best in SME Digital Banking in the World’s Best Digital Bank Awards

MONTREAL, QC – BDC, the bank for Canadian entrepreneurs, has been recognized by Global Finance as the Best in SME Digital Banking in North America for the 2021 World’s Best Digital Corporate/Institutional Bank Awards. BDC supports more than 72,000 business owners across Canada. In an increasingly digital world, BDC began …

Industry News

Moneris acquires UEAT to broaden unified commerce solutions for restaurant businesses across Canada

TORONTO, ON–Moneris Solutions Corporation, a Canadian leader in unified commerce, announced it has completed the acquisition of UEAT, a provider of innovative online ordering solutions for restaurateurs. The relationship originally started as a partnership where Moneris was the preferred payment processor for UEAT’s customers in Canada providing a unified commerce …

Financial InstitutionsIndustry News

Global initiative furthers banks’ efforts to help address climate change by aligning financing activities with net-zero emissions by 2050

TORONTO, ON–Ahead of the United Nations Climate Change Conference (COP26) in Glasgow, six of Canada’s largest banks – BMO, CIBC, National Bank of Canada, RBC, Scotiabank, and TD – together announced their pledge to join the Net-Zero Banking Alliance (NZBA) as part of a global, industry-led initiative to accelerate and …

FXIndustry NewsPaymentsTransportation

Amadeus Launches FX Box

MADRID, SPAIN–For travellers, booking an airline ticket can be confusing when prices are displayed in a foreign currency. To improve the customer shopping experience, travel companies, such as travel agencies and airlines, are keen to offer customers the possibility to see ticket prices in the currency of their choice. For …

Corporate AcquisitionsIndustry NewsPayment Processing

Nuvei to Acquire Base Commerce

MONTREAL, QC–Nuvei has entered into a purchase agreement to acquire substantially all of the assets of Base Commerce, a leading provider of integrated payment solutions. The transaction is expected to close on or about December 31, 2020, subject to customary closing conditions. Founded in 2008, Base is a technology-driven payment …

Industry NewsPaymentsTrends

Emerging Market Mobile Money Users to Exceed 1.2 billion: Juniper Research

BASINGSTOKE, UK–A new study from Juniper Research has found that the total number of mobile money users in emerging markets will exceed 1.2 billion in 2025, up from 980 million in 2020; equating to just under 30 percent of all mobile phone users across emerging markets. The report predicts that …

CryptocurrenciesIndustry NewsMergers & Acquisitions

Ultra Stellar Acquires StellarX

TALLINN, ESTONIA–Ultra Stellar LLC has acquired another Stellar project, the StellarX marketplace, from Coinsquare. StellarX is one of the most popular decentralized exchanges on the Stellar network. The totally free, peer-to-peer trading platform allows for the trading of all kinds of digital assets, including bitcoin and multiple fiat stable coins. …

FinTechIndustry NewsPayments

Cambridge Global Payments Opens Platform

TORONTO, ON–Cambridge Global Payments is launching an enhanced version of the Application Programming Interface (API) platform that will open it up for third-party and software developers around the world. The latest version of the foundational platform, Payments API 2.0, will help expand the developer experience, by assisting developers to create …