Fintechs Canada, the unified voice for Canadian fintech, is pleased to announce that payments leader Visa Canada has joined the association and will join the conversation on the future of fintech in Canada.
“We’re excited to have Visa on board,” said Alex Vronces, executive director of Fintechs Canada. “Visa was at the forefront of expanding access to financial services in North America in the sixties, and now they’re among the foremost enablers of financial technology innovation in the world.”
Fintechs Canada is a public policy advocacy organization whose focus is making Canada’s financial sector more competitive and innovative, as well as more stable and secure. The association has become a go-to source for industry perspectives on the modernization of financial sector policy.
“Visa as a payment network is the foundation upon which fintechs innovate, and enables consumers to have access to new payment options that are efficient and secure,” said Chris Ferron, Visa Canada’s head of Fintech. “Visa’s decades long history and contributions to the payment ecosystem in Canada will add an experienced voice to Fintechs Canada’s efforts in creating pathways for payment innovators to thrive in Canada.”
The association has been working with the government to implement a retail payments oversight framework, put Canadians in control of their financial data with “open banking,” build Canada’s new real-time payment system, expand access to payment systems, reduce transaction fees for merchants, reform competition laws, and review the financial sector legislative framework to manage the risks posed by crypto and stablecoins.
Fintechs Canada looks forward to working with Visa and other members to drive positive change in Canada’s financial sector.
Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions, and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.ca.
About Fintechs Canada
Established in May 2019 as a not-for-profit member association and recently renamed to Fintechs Canada, the association serves as the collective voice for fintechs in Canada. Serving millions of Canadians on a daily basis, our membership includes market-leading Canadian fintechs, fintech-friendly financial institutions, the technology companies powering Canada’s credit union sector, and global fintech companies, among others.