- June 7, 2024
![Federal Reserve Approves VersaBank Acquisition of Stearns Bank; OCC Up Next](https://www.pymnts.com/wp-content/uploads/2024/06/VersaBank.jpg?w=160&h=113&crop=1)
VersaBank received one of two U.S. regulatory approvals it needs to proceed with its previously announced proposed acquisition of Stearns Bank Holdingford.
The Federal Reserve announced its approval of the bank’s ...
- May 29, 2024
![Kintsugi Raises $6 Million to Further Develop Tax Automation Platform](https://www.pymnts.com/wp-content/uploads/2024/05/Kintsugi.png?w=160&h=113&crop=1)
Kintsugi raised $6 million in a Series A funding round to further develop its tax automation platform.
The round, which valued the company at $40 million, will support its development of ...
- May 27, 2024
![Insurance Provider Apollo Forms Subsidiary to Offer BNPL in Canada](https://www.pymnts.com/wp-content/uploads/2023/02/insurance.jpg?w=160&h=113&crop=1)
Canadian digital insurance provider Apollo has raised $18.5 million Canadian dollars (about $13.6 million) to launch a wholly owned subsidiary that will allow Canadians to use buy now, pay later ...
- May 16, 2024
![Walmart’s Luminate Data Platform Goes International](https://www.pymnts.com/wp-content/uploads/2024/05/Walmart-Luminate-retail-data-analytics.jpeg?w=160&h=113&crop=1)
Three years after its launch in the United States, Walmart Luminate, the retailer’s insights solution, is being rolled out worldwide.
Walmart’s data analytics product suite will be expanded to Walmex in Mexico before being ...
- April 30, 2024
![Scotiabank Names Travis Machen to Head Global Markets Unit](https://www.pymnts.com/wp-content/uploads/2024/04/Scotiabank-global-markets.png?w=160&h=113&crop=1)
Canada’s Scotiabank has a new CEO for its global banking and markets (GBM) business.
Travis Machen, who joins the bank from Morgan Stanley, is set to take on his new position on May 6, ...
- April 18, 2024
![Canada’s Federal Budget Aims to Curb Overdraft Fees](https://www.pymnts.com/wp-content/uploads/2024/04/Canada-parliament-legislation.jpg?w=160&h=113&crop=1)
Canada’s federal budget, released this week, includes a proposal to limit the fees that banks charge customers for overdrawing their accounts.
This move is expected to provide relief for low-income clients ...
- April 17, 2024
![Canada Considering Digital Services Tax Targeting Largest Tech Companies](https://www.pymnts.com/wp-content/uploads/2024/04/Canada-Parliament.jpg?w=160&h=113&crop=1)
Canada’s Parliament is considering a tax on digital services revenue that would impact the world’s biggest tech companies.
The legislation would cover companies’ digital services revenue made from Canadian users, imposing ...
- March 22, 2024
![Amazon Taps Stripe to Power ‘Just Walk Out’ Payments in Australia, Canada](https://www.pymnts.com/wp-content/uploads/2023/05/Amazon-just-walk-out.jpg?w=160&h=113&crop=1)
Stripe is now powering payments for retailers using Amazon’s Just Walk Out technology in Australia and Canada.
With Stripe Terminal and Stripe Connect enabling in-person payments for retailers using that technology, ...
- February 21, 2024
![Western Union Expands Cross-Border Payments Partnership With Mercado Pago](https://www.pymnts.com/wp-content/uploads/2022/04/Western-Union-1.jpg?w=160&h=113&crop=1)
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 To Begin CEO Transition April 1](https://www.pymnts.com/wp-content/uploads/2024/02/Canada-payments.jpg?w=160&h=113&crop=1)
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
![Payroc Enhances Offerings in Canada With SterlingCard Payment Solutions Acquisition](https://www.pymnts.com/wp-content/uploads/2024/02/Payroc-Canada-acquisition.jpg?w=160&h=113&crop=1)
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 Get Boost From New Partnerships in US and Europe](https://www.pymnts.com/wp-content/uploads/2024/02/real-time-payments-innovation-global-commerce.jpg?w=160&h=113&crop=1)
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 and Plug and Play Partner to Support FinTechs](https://www.pymnts.com/wp-content/uploads/2024/01/Toronto-business-district-fintechs.jpg?w=160&h=113&crop=1)
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 Taps AI as Suspected Money Laundering Efforts Spike](https://www.pymnts.com/wp-content/uploads/2024/01/Canada-AML-FINTRAC-AI.jpg?w=160&h=113&crop=1)
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
![ConnexPay Adds Canadian Dollars to Virtual Card Offering](https://www.pymnts.com/wp-content/uploads/2023/12/Canadian-dollars.jpg?w=160&h=113&crop=1)
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
![TD Bank to Cut 3% of Workforce](https://www.pymnts.com/wp-content/uploads/2023/11/Toronto-Dominion-Bank.jpg?w=160&h=113&crop=1)
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 Joins Online Grocery Companies Expanding Beyond F&B](https://www.pymnts.com/wp-content/uploads/2023/11/Ocado.jpg?w=160&h=113&crop=1)
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 Exiting Overseas Markets to Focus on US](https://www.pymnts.com/wp-content/uploads/2021/10/poshmark.jpg?w=160&h=113&crop=1)
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 and Jane Launch Commerce Solution for Canadian Cannabis Retailers](https://www.pymnts.com/wp-content/uploads/2023/09/Square-Jane-cannabis.jpg?w=160&h=113&crop=1)
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 and BlueSnap Partner on Payment Solutions in Canada](https://www.pymnts.com/wp-content/uploads/2023/09/BigTime-Software.jpg?w=160&h=113&crop=1)
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 Appoints Sam Fuda to Head Commercial and Money Movement](https://www.pymnts.com/wp-content/uploads/2023/09/Fuda-VP-Visa-Canada.jpg?w=160&h=113&crop=1)
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
![Home Trust Offers Mortgage Clients Digital Banking Via Platform](https://www.pymnts.com/wp-content/uploads/2023/09/bankIT.jpg?w=160&h=113&crop=1)
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 Launches Disbursements and ‘Request for Pay’ Solution in Canada](https://www.pymnts.com/wp-content/uploads/2023/07/Bank-of-America.jpg?w=160&h=113&crop=1)
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 Faces Anti-Money Laundering Probes From US Regulators](https://www.pymnts.com/wp-content/uploads/2023/05/TD-Bank.jpg?w=160&h=113&crop=1)
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 Taps Trustly for Open Banking Payments in Canada](https://www.pymnts.com/wp-content/uploads/2023/06/Coinbase-SEC.jpg?w=160&h=113&crop=1)
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 Expands Into Canada Amid US Regulatory Scrutiny](https://www.pymnts.com/wp-content/uploads/2023/08/coinbase-2.jpg?w=160&h=113&crop=1)
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
![CBDCs’ Relevance Questioned After Canada Casts Skepticism](https://www.pymnts.com/wp-content/uploads/2023/08/CBDC-Canada.jpg?w=160&h=113&crop=1)
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
![Canada Halts Advertising on Facebook in ‘Online News Act’ Dispute](https://www.pymnts.com/wp-content/uploads/2023/07/canada-meta.jpg?w=160&h=113&crop=1)
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
![Fortis Expands to Canada, Adds Fee Collection Feature, Acquires SmartPay](https://www.pymnts.com/wp-content/uploads/2023/03/Railsr-embedded-payments.jpg?w=160&h=113&crop=1)
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
![DoorDash Takes a Tip From Grubhub With Amazon Canada Partnership](https://www.pymnts.com/wp-content/uploads/2023/03/DoorDash.jpg?w=160&h=113&crop=1)
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 Launches Online Financial Platform for Small Businesses in Canada](https://www.pymnts.com/wp-content/uploads/2023/05/SMBs-Canada.jpg?w=160&h=113&crop=1)
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: Canadian Market 'No Longer Tenable' After New Regulations](https://www.pymnts.com/wp-content/uploads/2023/05/binance-canada.jpg?w=160&h=113&crop=1)
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
![Stripe Offers Affirm's Adaptive Checkout to Canadian Users](https://www.pymnts.com/wp-content/uploads/2022/07/Affirm-SeatGeek-partnerships-BNPL.jpg?w=160&h=113&crop=1)
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
![AI Regulations Need to Target Data Provenance and Protect Privacy](https://www.pymnts.com/wp-content/uploads/2023/04/AI-data-privacy.jpg?w=160&h=113&crop=1)
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 Partner to Offer B2B BNPL in Canada](https://www.pymnts.com/wp-content/uploads/2023/03/Lenovo-Tabit-B2B-BNPL.jpg?w=160&h=113&crop=1)
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
![Nordstrom Rack Takes On Renewed Focus as Luxury Retailer Departs Canada](https://www.pymnts.com/wp-content/uploads/2021/12/Nordstrom-Rack-business-retail.jpg?w=160&h=113&crop=1)
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
![Mastercard Says Canadian Small Businesses Bullish on Open Banking](https://www.pymnts.com/wp-content/uploads/2023/02/Canada-small-business.jpg?w=160&h=113&crop=1)
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 Enables Shopify Online Merchants to Accept Debit Payments](https://www.pymnts.com/wp-content/uploads/2022/10/Shopify-EU.png?w=160&h=113&crop=1)
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’s UPI Paves Path for Global, Interoperable Real-Time Remittance Network](https://www.pymnts.com/wp-content/uploads/2023/01/India-remittances.jpg?w=160&h=113&crop=1)
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 Expands Credit-Building Service to Canada](https://www.pymnts.com/wp-content/uploads/2022/01/sezzle-1.jpg?w=160&h=113&crop=1)
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 ...