How a Cashless Society Means New Opportunity for Businesses, Consumers
By Hamed Arbabi, CEO, VoPay When speaking about the future of a cashless society, we have to acknowledge the role the COVID-19 pandemic played as a catalyst for digitization acceleration. All over the world, we have altered the way we work, travel, shop, and how businesses pay for goods and …
Biometric payments appeal to nearly half of Canadians but data security remains top of mind
by Kristina Logue, Chief Financial Officer, Payments Canada 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 …
Buy Now, Pay Later Poised to Evolve Retail Shopper Behaviour
By Jon Purther As we continue to move into an increasingly digital world, we are seeing major shifts in payment trends. These shifts are driven by consumers’ changing expectations, behaviours and needs – and are facilitated by payment innovation and evolving technologies. One of the most prominent trends in Canada …
Gig workers can now earn instant cash back with their Payfare cards
Payfare, Cardlytics Partner to Launch Cash Back Rewards Program TORONTO, ON–Payfare Inc., a leading fintech powering instant payout and digital banking solutions for the gig workforce, has a new rewards program powered by Cardlytics. Payfare cardholders can now earn cash back when they shop thousands of local and national brands. …
Afterpay reveals how its customer-centric business model is driving growth in Canada
Interview Afterpay is the leader in “Buy Now, Pay Later” (BNPL) payments, helping millions of users get the products they want fast and with responsible spending in mind. More than this, Afterpay has proven to be a valuable marketing tool for retailers when it comes to reaching young and engaged …
Downtown Gift Card program from Miconex expands across Ontario
PERTH, SCOTLAND–Downtown gift card company Miconex has announced new program launches in Ontario, alongside EML Payments Limited, following the success of existing gift card systems for Peterborough and Prince Edward Island. The new ‘Downtown Dollars’ systems are set to launch in Downtown Sudbury and Downtown London in summer 2021. Peterborough …
New RBC Everyday Banking Offer adds Rewards to Debit
New RBC Vantage means clients can now use their personal debit cards to earn RBC Rewards points TORONTO, ON–RBC launched RBC Vantage, Canada’s newest everyday banking offering that brings together a comprehensive suite of powerful benefits that RBC clients can enjoy every day. RBC Vantage gives clients, for the first time, the …
Hudson’s Bay and PayBright Team For Buy Now, Pay Later Option
TORONTO, ON–Hudson’s Bay customers shopping the latest apparel, accessories, home and beauty on thebay.com now have the option to buy now and pay over time in four easy, interest-free, biweekly installments, thanks to the retailer’s partnership with PayBright. This new payment method is launching just in time for the holiday …
Canadians’ Holiday Shopping: Naughty or Nice? In-Store or Online?
TORONTO, ON–Are Canadians’ holiday spending plans going to be naughty, or nice i.e. spending less or more? And will they flock to the stores or let their fingers do the shopping, online? COVID-19 may unfortunately have moved Canadians to the latter with arguably country’s largest retail market: Toronto and the …
Canadians Changing Holiday Shopping Behaviour: Mastercard
TORONTO, ON–As COVID-19 continues to transform the retail landscape, this holiday shopping season is shaping up to be like none other. And for several reasons according to a new survey from Mastercard. Canadian shoppers are prioritizing support of local businesses: acts that will be carried forward into the holiday season. …