Canada news and trends

Mastercard Acquires Subscription Management Service Minna
Acquisitions // October 01, 2024

Mastercard agreed to acquire subscription management service Minna Technologies. The deal aims to ease the frustration consumers feel when dealing with subscription services, according to a Tuesday (Oct. 1) press release. “Consumers who want to modify, extend or cancel a subscription, occasionally struggle to find...

Google, Sabre Debut Personalized Travel Tools; Local Destinations Launch AI Assistants
Artificial Intelligence // September 24, 2024

The travel sector is experiencing a shift as artificial intelligence redefines everything from global booking platforms to local tourism initiatives. Google and Sabre’s AI innovations offer personalized experiences and increased revenue, while destinations like Richmond, British Columbia, deploy AI assistants to enhance visitor engagement, reflecting...

Canada Shifts Focus From CBDCs to ‘Payments Landscape’
CBDC // September 23, 2024

Canada’s experiment with the digital dollar is over, at least for now. The Bank of Canada announced recently that after years of exploring the idea of a central bank digital currency (CBDC), it was moving on. “With this work completed, and with other payments issues gaining prominence,...

Mastercard Offers Grants and Mentorship to Women Entrepreneurs in Canada
SMBs // September 18, 2024

Mastercard is inviting women entrepreneurs in Canada to apply to receive one of 10 $10,000 CAD ($7,396) grants and access to mentorship opportunities to help them grow and scale their businesses. The company will accept applications for the Mastercard x Pier Five Small Business Fund until...

Interviews & Exclusives
Canadian Businesses Swap Checks for Commercial Cards

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 payment processor Moneris, as the latter is bringing more of Boost’s commercial card and straight-through processing (STP) capabilities to Canadian businesses. In a recent […]

Visa Canada’s Installment Option Builds BNPL Into Every Consumer Credit Card

June 25, 2021
“Consumers want flexibility in terms of how they want to pay,” Visa Canada Vice President and Head of Product and Digital Brian Weiner told Karen Webster. “They don’t want to...

For ISVs, The Lure Of Northern Exposure And Integrated Payments

March 04, 2021
Payment facilitators (PayFacs) could do with some northern exposure. In an interview with PYMNTS, Marcus Dagenais, president, Canada, at payment processor Payroc, said that expanding into Canadian markets can boost...

Will Credit Sesame’s Digital Banking Push STACK Up?

June 17, 2020
The challenger bank space is having a bit of a moment. LendingClub is buying Radius Bank. Green Dot is using the bank it already owns to build a bank for...

Quick Reads
Nuvei Gets Regulatory Blessing to Go Private

November 13, 2024
Canadian FinTech Nuvei is expected to become a private company by the end of the week. The company received all the regulatory approvals it needs in order to be acquired by Advent International, according to a Wednesday (Nov. 13) press release. Assuming it meets all other closing conditions, the deal should become final on or […]

Mastercard Acquires Subscription Management Service Minna

October 01, 2024
Mastercard agreed to acquire subscription management service Minna Technologies. The deal aims to ease the frustration consumers feel when dealing with subscription services, according to a Tuesday (Oct. 1) press...

Canada Shifts Focus From CBDCs to ‘Payments Landscape’

September 23, 2024
Canada’s experiment with the digital dollar is over, at least for now. The Bank of Canada announced recently that after years of exploring the idea of a central bank digital currency (CBDC),...

Mastercard Offers Grants and Mentorship to Women Entrepreneurs in Canada

September 18, 2024
Mastercard is inviting women entrepreneurs in Canada to apply to receive one of 10 $10,000 CAD ($7,396) grants and access to mentorship opportunities to help them grow and scale their...