PayTechs of Canada gets new Executive Director

TORONTO, ON–PayTechs of Canada is pleased to welcome Alex Vronces as its new Executive Director, effective February 1st. Alex comes with a strong payments background, most recently with Payments Canada, where he provided thought leadership and advice on a number of key strategic policy initiatives including the modernizing of the …

LendingMergers & AcquisitionsPayments

Flexiti to be acquired by CURO, forging a strategic partnership

Combination with CURO secures the capital required by Flexiti to target rapid growth in loan originations within the Canadian marketplace; Flexiti signs agreement to increase credit facilities from $380 million to $500 million TORONTO, ON–Flexiti Financial Inc., Canada’s leading provider of point-of-sale (POS) consumer financing solutions for retailers, announced today it …

PaymentsPre Paid

KABN Unveils Challenger Banking Program for Verified Self Sovereign Identity Users

KABN North America’s prepaid Visa Card to support Liquid Avatar users and provides online banking solutions Toronto, ON–KABN Systems NA Holdings Corp., a North American Fintech solutions company specializing in empowering individuals to manage, control and generate value from their biometrically-verified Self Sovereign Identity (“SSI”) through its Liquid Avatar platform, …

Corporate AcquisitionsPayments

IBM Acquires Expertus Technologies to Expand Hybrid Cloud Digital Payment Solutions

Canadian Fintech Solutions Provider Gives Financial Institutions the Flexibility and Security to Rapidly Innovate and Compete; Advances IBM’s Hybrid Cloud and AI Strategy ARMONK, N.Y–IBM has acquired Montreal-based fintech company, Expertus Technologies Inc. The acquisition strengthens IBM’s portfolio as an end-to-end digital payments solution provider and further advances IBM’s hybrid …

Fraud & IdentityPayments

PT. ALTO Network Partners With INETCO

VANCOUVER, BC–PT. ALTO Network (ALTO), a National Payment Gateway for Indonesia, has chosen the INETCO Insight software to deliver world-class performance and security monitoring. This partnership further supports the National Non-Cash Movement and Bank Indonesia’s National Payment System vision. ALTO is Indonesia’s leading provider of end-to-end payment switching and digital …

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 …

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 …

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 …

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 …

Industry NewsPayments

Electronic Payments Surge, Cheque, Cash Retreat: Payments Canada Report

OTTAWA, ON–Evolving technology and payments innovation continues to transform the way Canadian consumers and businesses make payments, according to new data from Payments Canada’s just-released annual Canadian Payments: Methods and Trends report. In pursuit of more convenient, faster and secure payment experiences, Canadians continue to adopt new and evolving digital …