Fintechs Canada welcomes Mastercard as newest member

Fintechs Canada is thrilled to announce that Mastercard has joined the association.

“Mastercard is powering innovation by partnering and collaborating with fintechs,” said Laurence Cooke, chair of the board of Fintechs Canada. “We’re excited to work with Mastercard as they continue to launch products in Canada and enable fintech innovation that’s good for businesses and consumers alike.”

With open banking and payments modernization on the horizon, Canada is preparing itself to usher in a new era of money movement. Laws and systems are being blown up and made anew, setting companies that are eager to support the future of fintech up for success.

“Changing behaviours, preferences and technological advances have contributed to the rapid evolution of Canada’s payments ecosystem and has resulted in a need to evolve the infrastructure to ensure our country remains globally competitive,” said Sohil Tiwari, Senior Vice President, Market Development, Mastercard. “Mastercard’s partnership with Fintechs Canada builds upon our commitment to improve how consumers and businesses pay and get paid, and to further support innovations in paytech.”

About Mastercard

Mastercard works to connect and power an inclusive digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, Mastercard’s innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential.

About Fintechs Canada

Established in May 2019 as a not-for-profit member association, Fintechs Canada is the harmonized voice for technology companies that move money. Our membership is growing and diverse, inclusive of financial institutions, financial technology companies, and payment processors that millions of Canadians rely on every day to move money within our borders and across them.

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