Finix brings unified payment solution to Canada

US-based payment technology provider Finix has made its unified payment offerings available in Canada, marking its first international launch.

Finix’s entry into Canada has been made possible via a partnership with Peoples Trust Company, which is part of Peoples Group.

“Finix’s end-to-end solution enables businesses, from startups to publicly traded companies, to process payments, send money, and manage their business in today’s global, digitised landscape,” said Finix chief executive officer and co-founder Richie Serna. 

“We’ve talked to a number of customers and prospects who’ve had to piece together fragmented payment processing solutions across multiple providers in Canada to meet their customers’ needs.”

Finix’s unified payment solution not only supports payment acceptance and payouts, but also incorporates tools such as embedded compliance, comprehensive underwriting, intelligent fraud monitoring, consolidated reporting, and dispute management.

Canadian and multinational merchants and platforms will now be provided with a “comprehensive” view of sales trends and transaction-level data, which they can use to inform customer experiences, drive conversion and increase revenue opportunities.

Jeremy Bornstein, chief revenue officer at Peoples Group

“Businesses of all types, from ecommerce merchants to software platforms, are increasingly reliant on international payment networks as they expand their market reach, interact with global supply chains, and diversify their customer bases,” added Jeremy Bornstein, chief revenue officer at Peoples Group.

“Finix’s secure, fast, and reliable payment solution helps businesses remove friction from existing multinational payment processes and unlock the potential to increase efficiency, drive growth, and improve cash flow.

“We are proud to be the trusted bank partner supporting Finix as it expands into the Canadian market.”

At the start of the year, Finix unveiled new product ‘Payouts’, in partnership with Mastercard and Visa, enabling “fast and reliable” money movement for businesses.

Peoples Group’s Jeremy Bornstein is speaking at Open Banking Expo Canada on June 11, in Toronto. Find out more about the speaker line-up and agenda, and get your tickets here.