Canada

August 10, 2024 @ 3:08 pm By Omar Faridi  |  

Remitly (NASDAQ: RELY) is pleased to announce the opening of their first Greater Vancouver area office in New Westminster, nestled along the picturesque Fraser River. According to Remit, this new location marks “a significant milestone in our growth journey as we expand our corporate footprint… Read More

August 8, 2024 @ 5:14 pm By Omar Faridi  |  

Two large private equity buyouts propelled the total value of investments in Canadian fintechs to a new high in the first six months of the year amidst a broader persistent slump in Canadian and global investment, according to KPMG International‘s H1’24 Pulse of Fintech report…. Read More

August 6, 2024 @ 3:13 pm By JD Alois  |  

The Canadian Securities Administrators (CSA) and the Canadian Investment Regulatory Organization (CIRO) have issued a statement “reminding” crypto trading platforms must comply with Canadian securities laws by registering as investment dealers and having membership with CIRO. The CSA noted that it contemplated an interim approach,… Read More

August 6, 2024 @ 2:42 pm By Omar Faridi  |  

Nuvei Corporation (Nasdaq: NVEI), the Canadian Fintech company, today announces that it has entered into a definitive agreement to acquire Pay2All Instituição de Pagamento Ltda., a licensed Payment Institution authorized by the Central Bank of Brazil. This strategic milestone is expected “to enhance Nuvei’s capabilities… Read More

August 6, 2024 @ 11:36 am By Omar Faridi  |  

Bilt Rewards, which claims to be among the nation’s largest loyalty program sfor the home and neighborhood, today announced it has raised an additional $150 million in funding. The investment round was led “by Teachers’ Venture Growth (TVG), the late-stage venture and growth investment arm… Read More

August 4, 2024 @ 9:59 pm By Omar Faridi  |  

More than one in 10 Canadians have experienced payment fraud in the past six months, indicating similar year-over-year patterns (13 per cent in 2024 compared to 14 per cent in 2023), according to a new study from Payments Canada. For many Canadians, concern around fraud… Read More

July 31, 2024 @ 12:48 pm By Omar Faridi  |  

Airwallex, a global payments and financial platform for modern businesses, announced a partnership with Float, one of Canada’s B2B fintechs, to enable fast and cost-effective bill payments for both domestic and overseas transactions. Float’s Bill Pay product, powered by Airwallex, introduces payouts – “including bank… Read More

July 29, 2024 @ 11:21 pm By Omar Faridi  |  

Banxa Holdings Inc. (TSXV: BNXA) is pleased to announce the appointment of Zafer Qureshi as Co-CEO, joining forces with Holger Arians. This strategic move aims to “leverage their combined expertise to propel Banxa into a new era of growth and innovation.” Holger Arians, Chairman and… Read More

July 25, 2024 @ 4:05 pm By Omar Faridi  |  

Global small business platform, Xero, released its quarterly Xero Small Business Insights (XSBI) report for Canada, based on data from January to March 2024. The update showed incremental “improvements for the sector across sales growth, late payments and time-to-paid metrics, a signal that Canada‘s small… Read More

July 13, 2024 @ 9:00 am By Omar Faridi  |  

Stand with Crypto was born in the US as a movement focused on mobilizing the crypto community, the team at Coinbase (NASDAQ:COIN) notes in a blog post. Coinbase explains that Stand with Crypto in Canada is “all about shining a light on the pioneers building… Read More

July 13, 2024 @ 12:21 am By Omar Faridi  |  

Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, announced a partnership with RONA inc., one of Canada’s home improvement retailers operating and servicing some 425 corporate and affiliated stores. Now, eligible shoppers can use Affirm to “purchase their home… Read More

July 9, 2024 @ 4:19 pm By Omar Faridi  |  

Payments Canada is pleased to announce the election of Matthew Parker-Jones and Kevan Cowan to its Board of Directors. Payments Canada confirmed that Matthew will serve as a Member Director and Kevan as an Independent Director on the board. Payments Canada further noted that Matthew… Read More

July 8, 2024 @ 9:29 am By Tony Zerucha  |  

Balance, a Canadian digital asset custodian, incorporated Balance Trust Company this week as a special purpose trust under the Loan and Trust Corporations Act in Alberta. In connection with the issuance of the letters patent by Alberta’s Treasury Board and Finance (ATBF), Balance committed $10 million of regulatory… Read More

July 6, 2024 @ 1:42 pm By Michael Wong  |  

Canada’s financial regulator announced on Friday that it will delay the implementation of new rules requiring banks to change how they calculate lending risks, a move intended to give the country’s banks more time to adapt, Bloomberg has reported. The Office of the Superintendent of… Read More

July 1, 2024 @ 4:24 pm By Omar Faridi  |  

Although interest rates and inflation have started to trend downward, many bank customers in Canada are still feeling the economic squeeze and the majority of them express interest in receiving financial advice from their bank, according to the J.D. Power 2024 Canada Retail Banking Advice… Read More

June 30, 2024 @ 6:23 pm By Tony Zerucha  |  

TD and MPOWER Financing have collaborated to simplify the banking experience for international students pursuing higher education in Canada by offering a suite of financial resources needed to help students on their journey to Canada. As part of this collaboration, TD would be MPOWER’s preferred… Read More

June 30, 2024 @ 9:29 am By Omar Faridi  |  

The Payments Canada Board of Directors announced the appointment of Susan Hawkins to President and CEO of Payments Canada, effective August 12, 2024. Garry Foster, Chair of the Payments Canada Board of Directors said: “We are thrilled to appoint Susan Hawkins to lead Payments Canada… Read More

June 29, 2024 @ 4:08 pm By Omar Faridi  |  

Visa (NYSE: V)  has announced a new collaboration with Amazon (NASDAQ:AMZN) that will provide Canadian consumers with more choice at checkout. When shopping online on Amazon.ca or on the Amazon app, eligible RBC and Scotiabank credit cardholders will now have the option “to select Installments… Read More

June 23, 2024 @ 7:23 pm By Omar Faridi  |  

As Canada continues to welcome significant numbers of immigrants this year, Royal Bank of Canada (RBC) is committed to being their bank of choice by creating tools and resources designed to improve newcomer arrival experiences. RBC is announcing the launch of Global Credit Connect with… Read More

June 23, 2024 @ 4:47 pm By Omar Faridi  |  

Lisa Sattler, Director of Policy and Government Relations at Payments Canada, is pleased to share that the proposed changes to the Canadian Payments Act (CP Act) in order “to expand Payments Canada’s membership have received Royal Assent, the final step required for a bill to… Read More