Open banking could shape the future of banking in Canada, according to a recent statement from the Financial Consumer Agency of Canada.
But a new study reveals a lack of awareness and understanding of open banking among Canadians. [Read more…] about Canadians Are Still Clueless About Open Banking, Study Finds
Open Banking in Canada is underway, with a ‘Made in Canada’ framework starting to take shape. [Read more…] about Open Banking Expo Canada: Building a ‘Made in Canada’ Framework and Overcoming Roadblocks in the Financial Sector
Half of Canadians used less cash this last year than in the past, suggests a new survey highlighting the Pandemic-accelerated shift in payments culture.
Three-quarters of Canadians have used at least one emerging payment method in the last year, which includes cryptocurrency, digital cards, and “Buy Now, Pay Later” services. According to Mastercard’s New Payments Index, this figure is project to rise to 88% next year. [Read more…] about Emerging Payment Tech Continues to Gain Steam Over Cash, Mastercard Says
Toronto-born KOHO Financial kicked the year off by closing a $210 million Series D funding round.
“I think our growth is evidence that Canadians are looking for something different,” Daniel Eberhard, founder of KOHO, said at the time. [Read more…] about KOHO Taps Mastercard to Offer Canadians Faster Payments
Mastercard has launched Changeworks, the core mission of which is to support Canadian not-for-profits by helping them improve their technology and data capabilities. [Read more…] about Mastercard Launches Changeworks to Help Nonprofits with Digital Transformation
The global digital economy is fast-paced and competitive—in certain areas perhaps more so than ever.
The payments industry is one such example, where evolution is rapid and constant, from both technology and policy standpoints: across the board—and the globe—significant disruption is occurring. [Read more…] about Canada Looks to Eradicate Legacy Payment Systems by Building the Real-Time Rail
Mastercard is acquiring Ethoca, a Toronto-based fintech company that help merchants and card issuers collaborate in real-time to quickly identify and resolve fraud in digital commerce. [Read more…] about Mastercard Acquires Toronto-based Fintech Ethoca
Montreal’s Mobeewave has announced that it has closed a US $16.5 million Series B round of funding led by NewAlpha Asset Management, Mastercard and Forestay Capital.
[Read more…] about Mobeewave Closes US$16.5 Million Round Led by Mastercard
