Tagged: canada

EML Payments, Visa Unveil Digital Gift Card Product for US, Canadian Shopping Centers

EML Payments Limited (ASX: EML), a payment solutions provider, is working with Visa, a world leader in digital payments, in order “to offer its private label digital gift cards product serving its broad shopping center and multi-retailer customer base in the United States and Canada.”… Read More

TMX Group, Clearstream to Launch Canadian Collateral Management Service

TMX Group Limited and Clearstream Banking S.A., the international central securities depository of Deutsche Börse Group, announced plans to launch a new, automated Canadian Collateral Management Service, or CCMS. Together, TMX Group and Clearstream are working “to leverage the combined strength of their complementary services… Read More

Fintech Firm Klarna, Airbnb Offer Flexible Payments for Guests

Klarna, the AI powered global payments network and shopping destination, has joined forces with Airbnb in a “first-of-its-kind” partnership to provide guests in the US and Canada with flexible payment options when booking their next stay. With Klarna’s seamless, sustainable and flexible payment solutions, “booking… Read More

Payments Fintech Paysafe Introduces Upgraded Skrill Digital Wallet for Ontario Clients

Paysafe (NYSE: PSFE), a payments platform, recently announced the launch of its revamped Skrill digital wallet for online gaming in the Canadian province of Ontario. Developed specifically to meet the payment preferences of iGaming players, the upgraded Skrill wallet allows Ontarians “to instantly fund wagers… Read More

CBDCs: Bank of Canada Introduces Public Consultations on a Digital Dollar

The Bank of Canada is launching an online public consultation on “the features that could be included in a digital Canadian dollar.” The consultation opened on May 8, 2023 and runs until June 19. The way Canadians pay for everything from the daily necessities “to… Read More

Digital Asset Management Firm Haru Invest Launches Crypto Mining Product

Haru Invest, a digital asset management platform, announced the launch of its crypto mining product Haru Mining in partnership with Canadian crypto miner Pow.re. Haru Mining explains that it “represents a strategic expansion of Haru Invest’s suite of digital asset investment services, opening users to… Read More

Fintech Brex Introduces Capabilities that Expand Firm’s Ability to Support US Multinational Businesses

Brex announced new global capabilities that significantly expand its ability to support US multinational businesses operating in Brazil, Canada, Israel, Japan, Mexico, Singapore, South Africa, the Philippines, 36 European countries, and more. In addition to spending and paying in local currencies, Brex is “launching VAT… Read More

British Columbia Securities Commission Claims Fraud was Committed by B.C. Crypto Firm

The B.C. Securities Commission recently alleged that a defunct cryptocurrency platform based in Nanaimo on Vancouver Island allegedly carried out a massive securities fraud by intentionally and illegally diverting customer funds to crypto gambling websites. In a notice issued in April 2023, the Commission said… Read More

NASAA Publishes Annual List of Threats to Retail Investors, Digital Assets at the Top

The North American Securities Administrators Association (NASAA) has posted its annual list of top threats for retail investors. In the past, innovations like securities crowdfunding joined the group. The 2023 list leads with digital assets at the top of the list as regulators point to… Read More

Global Fintech Airwallex Introduces International Payments in Canada

Airwallex announced the launch of its global payments services in Canada. The launch will empower Canadian businesses “to tap into Airwallex’s global payments and financial platform, offering a faster, more cost-effective and transparent alternative to the traditional banking platform.” Businesses in Canada can now “access… Read More

Canadian Fintech Nuvei Corp. Receives Investment from Hollywood Actor/Producer Ryan Reynolds

Hollywood actor, producer and entrepreneur Ryan Reynolds has announced that he has invested in Canadian Fintech company Nuvei Corporation (Nasdaq: NVEI). This I assure you… @nuvei will never ever build a rocket. pic.twitter.com/pyVdLSraW8 — Ryan Reynolds (@VancityReynolds) April 17, 2023 Reynolds, who is “globally recognized… Read More

Digital Asset Firm Gemini Files Pre-Registration Undertaking With Ontario Securities Commission

Cynthia Del Pozo Garcia, Director, Strategy & Corporate Development at Gemini, notes that as one of the most important and developed markets in the Americas, Canada has “played an essential role in Gemini’s international expansion.” The team at Gemini are glad to show their continued… Read More

Calgary Police Service, Chainalysis Introduce Western Canada Cryptocurrency Investigations Centre

The Calgary Police Service and Chainalysis are together launching the Western Canada Cryptocurrency Investigations Centre, an innovative regional center that will enable law enforcement to tackle crime that takes place using blockchain technology. By bringing together law enforcement agencies and personnel from across Western Canada… Read More

Web3: BitValue Capital Invests $10M in IOST to Enhance Web3, AI Integrations

Canadian Web3 investment firm BitValue Capital announces a strategic partnership with IOST through a USD 10 million long-term investment aimed at “enhancing IOST’s mainnet capabilities and supporting the continuous development of its ecosystem.” BitValue Capital will also “play an advisory role,” helping IOST with the… Read More

Biometric Payments Appeal to Canadian Consumers but Data Security Remains Top of Mind: Report

New technology and innovations in the payment space are “transforming the way Canadian consumers and businesses make and process payments.” According to data from Payments Canada’s annual Canadian Payment Methods and Trends Report, Canadian businesses are “writing fewer and fewer cheques while expanding the range… Read More

Pundi X Completes Registration with FINTRAC as Money Services Business in Canada

Pundi X is now registered with FINTRAC as the Money Service Business in Canada. This registration enables Pundi X “to conduct virtual currency and payment service provider businesses in the country, and marks an important milestone in the company’s expansion efforts.” Zac Cheah, CEO and… Read More

Canadian Fintech Wealthsimple Introduces Private Credit Fund for Retail Investors

Wealthsimple has introduced a private credit fund meant for retail investors. Digital financial services provider Wealthsimple Technologies Inc. is reportedly expanding its services into the private credit sector via a collaboration with alternative fund manager Sagard, enabling retail investors to gain exposure to a market… Read More

Fintech Engage People Reports Growth in Loyalty Solutions

Engage People, which claims to be the only loyalty network that enables program members to pay with points (PwP) directly at checkout, “reported 22 billion points redeemed and a total of 1.8 million in transactions across its loyalty network in 2022.” As the demand for… Read More

Fintech Clik2pay, Xero Integration to Save SMBs Up to 50% on Credit Card Fees

Payment service provider Clik2pay is announcing a new integration with global small business platform, Xero, “offering the ability for Canadian small businesses to pay their Xero invoices securely from almost any Canadian bank account using Interac e-Transfer™, one of the most trusted money transfer systems… Read More

Fintech Plaid to Enable Safe, Fast ID Verification in Canada

In 2018, Plaid launched Plaid in Canada to enable account connectivity for thousands of fintechs and help increase financial access for millions of Canadians. Since then, they’ve worked with companies like Wealthsimple, Shopify, and Wave. But onboarding a new user is more than “just account… Read More

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