Content Tag: electronic payment
The Canadian Prepaid Providers Organization (CPPO), the leading voice of the prepaid industry in Canada, hosted a one-day symposium in May to discuss the changing nature of the Canadian prepaid market.
Will banks work together with fintech upstarts to find complementary collaboration, or will they lock horn in competition?
Are Canadians still laser focused on paying down debt? Or are Canadians leveraging alternative financial solutions like prepaid cards to help them better manage the money, so they can spend more. According to Moneris Solutions, consumer spending in Canada grew by 6.24 per cent in the first quarter of 2016 on a year-over-year basis.
Apple Pay launching in Canada is a step towards more digital payments, but businesses top priority should be ditching costly paper cheques. For businesses and governments, using paper cheques can be extremely costly. According to the Canadian government, cheques cost .82 cents to issue versus .13 cents for an electronic payment. In the world of increasingly mobile and virtual business options, B2B payments are still critically old fashioned, which costs time and money.