Content Tag: canadian financial health

CPPO's Executive Director, Jennifer Tramontana, joined a panel discussion with Payments Canada to talk about women leading change in the payments industry. Jennifer Tramontana discussed how the payments industry is being shaped by women, diversity, innovation and modernization, alongside nanopay’s Elena Litani and AscendantFX’s Shemina Jiwani, and what opportunities will be available for girls.

Last minute holiday shoppers have at least one reason to rejoice this year because their task just became a lot easier. According to the Prepaid Card Research, prepaid cards topped Canadian wish lists this holiday season because the cards can be widely used to buy exactly what the recipient wants. This data is in line with trends seen in the United States, where prepaid cards remain the most requested gift for the past twelve years and continue to grow in popularity. 

With a strong appetite for alternative financial solutions, Canadian companies are demanding new products and technologies that expand their point of sale and back-office payment options. Many companies are turning to prepaid card solutions, according to the latest CPPO corporate prepaid market study, with CAD$3.8 billion loaded onto open-loop cards in 2017 – a figure that has increased by more than 27 percent annually since 2015. 

CPPO's Chairman, David Eason, caught up with millennial money expert, Jessica Moorhouse, to educate millennials about the ever-popular prepaid card.

The Canadian prepaid market is exploding with a variety of prepaid card types and applications, with more than 236 million prepaid transactions taking place in 2016 alone.

A few weeks ago, I attended the Canadian Prepaid Providers Organization’s (CPPO) first-ever Prepaid Symposium. The symposium brought together stakeholders from across the United States and Canada to discuss the current and future state of the prepaid card industry in North America. As a New York-based representative of the Center for Financial Services Innovation (CFSI), I joined a panel of other U.S. representatives to discuss promising prepaid innovations south of the border.