Payments Canada approves new members
70 pts · High·Finextra Payments·3w ago · Oct 2, 19:55 UTC·1 min read
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Payments Canada has officially approved six new members to enhance its financial ecosystem. The new members include Bounce Finance Inc. (Bounce Pay), Everlink Payment Services ULC (FIS Everlink), Nium Canada Corporation (Nium), Pesapeer Incorporated (Pesa), Remitly Canada, Inc. (Remitly), and Vancouver City Savings Credit Union (Vancity).
Key takeaways
- ▸Bounce Finance, Everlink, Nium, Pesapeer, Remitly, and Vancity are the newly approved members of Payments Canada.
- ▸The inclusion of these organizations reflects a push to diversify and enhance payment services in Canada.
- ▸These approvals may facilitate improved cross-border remittance options and innovative payment solutions.
Why this matters
The addition of these members to Payments Canada potentially expands the range of services available to consumers and merchants, especially in areas like digital payments and remittances. This move could intensify competition among payment service providers, driving innovation and improving service offerings for end-users.
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