Adyen has been selected as the retailer's financial technology partner for its e-commerce and 19 physical retail stores across Canada, including the newly opened Yorkdale and CF Eaton Centre locations, powering all of their payments.
Shop Pay Installments will become available in general access to Shopify merchants in Canada and the U.K. this summer, with cross-border commerce capabilities between the U.S., Canada, and U.K. to follow.
Moneris will leverage Cardstream’s Payment Facilitation-as-a-Service platform to enable its partners to extend their presence and integrated offerings in the Canadian market.
There are growing concerns around security, unfamiliarity with new payment systems, and satisfaction with existing technologies, all of which are impacting the adoption of innovations like generative artificial intelligence (GenAI), social commerce, and pay-by-bank.
For Shopify merchants, the expanded global availability of Affirm’s Shop Pay Installments means enhanced sales opportunities and an improved customer experience.
Prior to joining Moneris, she was the Executive Vice President, Point-of-Sale Lending at Elavon, focused on developing commercial models and delivering compelling customer offerings including buy now, pay later solutions.