Debit payments, peer-to-peer (P2P) money transfers, and digital cash have been evolving at a good pace over the past 10 years. This has been changing how individuals and businesses manage their finances and pay for goods and services. There is an overall significant decrease in the use of physical cash in favour of using digital […]
In 2024, Canada has millions of businesses operating across the country. This article provides an overview of the number of businesses in Canada and various related statistics. A Sample of Statistics in This Article: Canada has approximately 1.3 million businesses in 2024. This does not include holding companies and businesses with no employees. 99.8% (1.29 […]
There have been long debates on the pros and cons of credit cards in today’s society. Credit cards are double-edged swords. They offer convenience, rewards programs, and can even help build credit scores for consumers. However, they can also be tempting to overuse, leading to debt and high interest rates. There is a benefit of credit […]
We are thrilled to be featured on CardRates.com! A big thank you to the CardRates team for their thoughtful review of our services and commitment to providing transparent and low-cost payment processing solutions. This recognition motivates us to continue helping small and medium-sized businesses thrive. Check out the full article to see how we’re making […]
The financial services sector is at a pivotal juncture. The emergence of financial technology (FinTech) companies has sparked debate and some contention, particularly with the world of traditional finance (TradFi). When you look under the covers, it is easy to wonder if Fintech is providing true disruption or if it is just incremental improvement that […]
In the landscape of commerce, mobile payments have emerged as a disruptive force, altering the way people engage in financial transactions. Gone are the days of clunky cash registers and cumbersome wallets. Instead, the sleek convenience of tapping smartphones or swiping wearables has become the new norm. This transformation signifies more than just a change […]
In recent years, the rise of cryptocurrency has redefined traditional notions of currency and payment systems worldwide. Canada, known for its somewhat progressive stance towards financial innovation, has been aware and monitoring this transformative technology. Cryptocurrency, such as Bitcoin, Ethereum, and others, operates on decentralized blockchain networks, enabling secure, peer-to-peer transactions without the need for […]
As the retail landscape continues to evolve, fueled by pervasive internet, advanced mobile and online shopping apps, and shifting consumer behaviors, merchants ask the question of whether all retail will migrate exclusively to online payment platforms. While online retail undeniably commands a significant share of the market and is expected to grow further, a complete […]
At the forefront of payment industry, particularly in credit cards, are two giants: Visa and Mastercard. As the world’s leading payment networks, Visa and Mastercard play a pivotal role in shaping the landscape of electronic payments on a global scale. This article aims to explore the impact that Visa and Mastercard has on the payment industry, […]
The banking landscape is undergoing a transformation, driven by the emergence of neobanks. These digital-only banks are challenging the traditional financial institutions by offering products and services that cater to the needs of tech-savvy consumers. In this article, we will explore the growth of neobanks in Canada and the USA, and examine their impact on […]
