Payments Canada has admitted five new payment service provider (PSP) members—Wise, Float, KOHO, Paramount Commerce, and Brim—marking another step in opening Canada’s core payments infrastructure to fintechs ahead of the launch of the Real-Time Rail (RTR). [Read more…] about Brim, Float, Koho, Paramount, and Wise Join Payments Canada
Wise
Wealthsimple Taps Wise to Help Deliver ‘Best Cross-Border Payments’ in Canada
Canadian financial technology firm Wealthsimple is working with Wise out of the United Kingdom on “an improved offering for sending money internationally.” [Read more…] about Wealthsimple Taps Wise to Help Deliver ‘Best Cross-Border Payments’ in Canada
Immigration: A New Frontier for the Fintech Ecosystem
In an era of unprecedented global mobility, national financial systems must adapt to welcome newcomers. However, the immigrant journey, often fueled by aspirations, is frequently met with the harsh reality of financial exclusion. Drawing from our own experiences as immigrants to Canada, we’ve felt the financial hurdles faced by newcomers. [Read more…] about Immigration: A New Frontier for the Fintech Ecosystem
Canada’s Financial Shift: Wise’s Take on Payments Modernization and Open Banking
Payments modernization and open banking are gamechangers for Canada’s financial sector. The announcements made in the 2023 Fall Economic Statement are a testament to the ever changing fintech ecosystem and the need for increased competition to ensure consumers can continue to make the right choices for themselves when selecting a financial services provider. [Read more…] about Canada’s Financial Shift: Wise’s Take on Payments Modernization and Open Banking