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Fintechs Canada welcomes Zum Rails as newest member

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

“Zum’s payment gateway has it all, allowing businesses to pick the payment that’s affordable, secure, and fast,” said Laurence Cooke, chairperson of the board of Fintechs Canada. “The safe and seamless movement of money is what keeps our economy going and growing, and so we’re excited to add Zum’s expertise to our collective voice.”

The association continues to grow at a good time. 

“Zum Rails has joined the Fintechs Canada because we believe payments in Canada are at a crossroads, and we want a seat at the table to ensure the future of domestic payments stays focussed and on track,” said Marc Milewski, co-founder and chief executive officer of Zum Rails. “We believe that there is limitless potential for Canadian Paytechs with even the slightest improvement on the existing payments rails, but it has remained relatively unchanged for decades.”

The Retail Payment Activities Act is now a reality, and other financial sector policy initiatives are gaining momentum — including open banking and payments modernization, which includes the expansion of access to Canada’s modernized payment systems.

“With Canada now falling behind undeveloped nations, coupled with a complex layer of distribution between banks and paytechs, Zum Rails feels its voice needs to be heard even more to help shape the future of payments to help every business, big or small,” said Milewski. “Given our software heavy focus, we believe that by being part of the Fintechs Canada we can help demonstrate to all those in the supply chain what we are capable of to elevate the industry as a whole and be partners to all involved from banks and government to every business and organization here in Canada.”

 

About Zum

Zum’s all-in-one payments gateway empowers businesses to pick and choose their optimal payment method mix to meet their ideal workflow through a powerful API layer or payment portal that offers the most elegant user experience in the market. 

Sending and receiving payments is the life-blood of any fast-growing business. But payment processing is full of friction and pain points that can impede the growth of your business. Zum is designed from the ground up to make managing payments better, faster, and less expensive. Anyone can provide a payment service. No one can manage payments as efficiently as Zum.

Zum delivers payment management solutions that eliminate friction, optimize efficiency, and give you a competitive advantage in the marketplace.

 

About Fintechs Canada

Established in May 2019 as a not-for-profit member association, Fintechs Canada is the harmonized voice for technology companies that hold and move money operating in Canada. Our membership is growing and diverse, inclusive of consumer-facing financial technology companies, business-to-business payment processors, payment network operators, and financial institutions, among others.

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