Tagged: canada

January 8, 2025 @ 9:59 pm By Omar Faridi  |  

Sol Strategies Inc., a Canadian holding company that invests in the Solana blockchain and ecosystem, announced that it has drawn from its amended credit facility agreement dated January 6, 2025 with Antanas Guoga, the company’s Chairman and Director. The agreement, which amended and restated the… Read More

January 8, 2025 @ 7:58 pm By Omar Faridi  |  

Alchemy Pay, the crypto solutions provider, is pleased to announce that its entity, Alchemy Pay Ltd. has successfully registered as a Money Services Business (MSB) with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). This achievement, along with the recent acquisition of 4… Read More

December 28, 2024 @ 11:31 am By Michael Wong  |  

Vancouver-based bookkeeping service Bench Accounting has announced its sudden closure, potentially putting hundreds of staff out of work. The company, once billed as North America’s largest small-business bookkeeping service, posted a “notice of closure” on Friday stating the platform is “no longer accessible.” Bench acknowledges… Read More

December 21, 2024 @ 7:37 pm By Tony Zerucha  |  

A recent study by ApeX ranked the top ten countries leading in blockchain and cryptocurrency technology, with Singapore taking the lead as a global hub for innovation. The study evaluated countries using a composite index, which reflects blockchain development and adoption through three core metrics: blockchain patents,… Read More

December 13, 2024 @ 10:35 am By Omar Faridi  |  

Nuvei Corporation, the Canadian fintech, announces the expansion of its partnership with Google to integrate Google Pay, an option now available for merchants across Latin America (LatAm). This collab builds upon the relationship between Nuvei and Google, and complements Google Pay’s availability via Nuvei in… Read More

December 12, 2024 @ 1:50 pm By Omar Faridi  |  

Klarna, the AI-powered global payments network and shopping assistant, is reportedly available to users in Canada checking out on Apple Pay online and in apps with iPhone and iPad on iOS 18 and iPadOS 18 or later versions. As mentioned in the announcement, eligible Apple… Read More

December 5, 2024 @ 7:33 am By Omar Faridi  |  

Circle Internet Group, Inc., a financial technology company, announced that its regulated subsidiary is the “first” stablecoin issuer to commit to comply with the Ontario Securities Commission (OSC) and Canadian Securities Administrators’ (CSA) Value-Referenced Crypto Asset (VRCAs) requirements. This facilitates Circle’s U.S. dollar-denominated stablecoin, USDC,… Read More

November 30, 2024 @ 2:21 pm By Omar Faridi  |  

Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, released new research revealing that despite economic uncertainty, Canadians are approaching their holiday shopping with “strategy, not restraint.” Affirm noted in a blog post the majority (71%) plan to spend the… Read More

November 21, 2024 @ 10:00 pm By Omar Faridi  |  

Collabria Financial Services, Canada’s credit union credit card issuer, announced that they will partner with Regtech Trulioo, a global firm focused digital identity verification. This collab will now aim to support a more streamlined verification process for new cardholders. By integrating Trulioo capabilities, Collabria will… Read More

November 4, 2024 @ 8:54 am By Omar Faridi  |  

Xero, the global small business platform, released its quarterly Xero Small Business Insights (XSBI) report for Canada, including data from April to June 2024. As noted in the latest report, Canada’s weak small business sales performance continued in the three months to June. The data… Read More

October 6, 2024 @ 2:24 pm By Omar Faridi  |  

Mastercard (NYSE: MA) announced recently that it has launched various new benefits in support of small businesses operating across Canada. Curated new cardholder benefits provide savings on products and solutions tailored to meet the requirements of Canadian business owners. In order to to acknowledge Small… Read More

October 6, 2024 @ 2:23 pm By Omar Faridi  |  

Canada has reportedly reached $11.9 trillion in total retail payment transactions with 21.7 billion transactions in 2023, which is up six per cent year-over-year. This, according to an update shared by Payments Canada. The report from Payments Canada noted that virtual or online payments represented… Read More

October 4, 2024 @ 8:41 pm By Omar Faridi  |  

Research from cloud-based small business platform Xero reveals a notable gap in financial literacy among Canadian small business owners. Although 47% or nearly half of small business owners rating their financial literacy as ‘high’, nearly half (43%) actively deal with fiscal challenges in their business… Read More

October 2, 2024 @ 7:48 pm By Omar Faridi  |  

Jon Purther, Director of Research at Payments Canada notes that a recent study from Payments Canada has revealed that one in five Canadian businesses experienced payment fraud in the past six months. Jon Purther of Payments Canada said that this is despite 63% of businesses… Read More

September 29, 2024 @ 6:10 pm By Omar Faridi  |  

Scotiabank is helping recent immigrants to Canada settle into their new lives faster with the expansion of its partnership with Nova Credit, the cross-border credit bureau operating in Canada. Through this partnership, Scotiabank is helping newcomers from select countries2 with the opportunity to “access higher… Read More

September 27, 2024 @ 6:38 am By Omar Faridi  |  

Stripe, a financial infrastructure platform for businesses, has reportedly opened its new flagship office in Toronto. The expansion reflects Toronto’s growth as the fourth-largest market “for tech talent in North America and reinforces Stripe’s commitment to Canada.” Stripe serves fast-growing Canadian startups and platforms “such… Read More

September 24, 2024 @ 8:17 am By Omar Faridi  |  

The Bank of Canada is reportedly halting its plans to roll-out a central bank digital currency (CBDC) to the nation’s businesses and consumers. A digital economy supported by innovations like central bank digital currencies (CBDCs) could help with streamlining digital transactions but some nations like… Read More

September 2, 2024 @ 4:53 pm By Omar Faridi  |  

Visa (NYSE: V), a digital payments company, announced the launch of its Money Movement Advisory Practice in the United States and Canada. The new value-added service, “offered by Visa Consulting & Analytics (VCA), the payments consulting advisory arm of Visa, focuses on helping clients and… Read More

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