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 …

Consumer BankingFinancial InstitutionsIndustry News

Many Canadians Still Not Financially Resilient, Banks’ Rep Declined

NORTH VANCOUVER, BC–While slightly more Canadian households are financially resilient amidst the COVID-19 pandemic, according to Seymour Management Consulting Inc.’s October 2020 Seymour Financial Resilience Index, there has been an increase in those who are struggling. The index, published quarterly, measures a consumer or household’s ability to get through financial …

Industry NewsTransportationVehicle Finance

Hyundai Capital’s Genesis Finance to Launch Digital Financial Service

SEOUL, SOUTH KOREA–Hyundai Capital, the financial arm of Hyundai Motor Group that supports the Hyundai, Kia and Genesis brands, is accelerating the establishment of a digitized online platform that will enable consumers to lease or finance a vehicle in a convenient, safe and secure manner. Genesis Finance, the captive finance …

Industry News

FSRA Proposes Enhanced Mortgage Brokering Conduct Standards

TORONTO, ON–The Financial Services Regulatory Authority of Ontario (FSRA) wants to enhance conduct standards for mortgage brokering in Ontario. The FSRA is releasing a proposed Approach Guidance to help Ontario mortgage professionals comply with a proposed National Code of Conduct (Code). It is seeking industry and consumer comments on its …

Corporate AcquisitionsCybersecurityIndustry News

VersaBank-Owned DRT Cyber to Acquire Digital Boundary Group

LONDON, ON–VersaBank’s wholly owned, Washington, DC-based subsidiary, DRT Cyber Inc., has signed a definitive agreement to acquire all of the outstanding shares of privately-owned Digital Boundary Group (DBG). DBG provides corporate and government clients with a suite of IT security assurance services. These range from external network, web and mobile …

CashChequesE-commerceIndustry NewsPayments

Canadians’ Spending, Payments Still Pandemic-Impacted: Payments Canada

OTTAWA, ON–The COVID-19 pandemic continues to cast its long, dark shadow over Canadians, and that has impacted their spending and payments habits, though there is the hope of vaccines on the horizon. Payments Canada has released new data on Canadian payment trends since the onset of COVID-19, showing that Canadians …