Tag: Payments
Interac appoints Jeremy Wilmot as new president and CEO
Interac is set to serve as exchange provider for Canada’s RTR system. Canadian payment services provider Interac has announced that Jeremy Wilmot is taking…
F|T: The FinTech Times – TikTok plots push into payments
Welcome to the FinTech Times, a weekly newsletter covering the biggest FinTech news from around the globe. If you want to read F|T before…
Nuvei enters $1.7 billion CAD deal to acquire US payments tech firm Paya
Paya’s share price climbed by 24 percent following the news of its potential acquisition. Montréal-based FinTech startup Nuvei has entered a deal to acquire…
Payments Canada pens open letter to Minister of Finance to expand organization’s membership eligibility
Payments Canada pens open letter to Minister of Finance to expand organization’s membership eligibility Payments Canada, along with other stakeholders in Canada’s payments industry…
Cross-border payments startup Buckzy takes the smart money in downscaled $19.5 million CAD Series A
In challenging market, Buckzy opts for smaller round to hit escape velocity in 2023. After spending the past few years developing its tech, Buckzy…
Legal tech startup Clio advances its FinTech play with launch of payments product in Canada
Clio claims to have processed over $1 billion USD in legal transactions. A year after Clio launched Clio Payments in the United States, the…
Payments Canada delays Real-Time Rail payment system launch (again)
PayTechs of Canada executive director calls process “disappointing” and “absurd.” Payments Canada has delayed the launch of the forthcoming Real-Time Rail (RTR) payment system,…
New research surveys competitive intensity in Canada’s banking and payments sector
The task of Canada’s financial regulators is not enviable – but not impossible. As Canada finds itself in hard economic times, it’s easy to…
Bank of Canada’s Ron Morrow: FinTechs “need to be ready” for upcoming retail payments regulations
Morrow expects the Bank will begin registering payments service providers in 2024. Canada’s payments sector has evolved rapidly in recent years. Of the nearly…
Payments Canada appoints Wealthsimple’s chief compliance officer to member advisory council
The appointment marks the only FinTech startup rep on the council. Payments Canada has appointed Wealthsimple’s chief compliance officer of payments, Hana Zaidi, to…