Payvision, an independent global card processor and one of the fastest-growing Global Acquiring networks in the payments industry, and Home Trust, a federally regulated Canadian financial institution and wholly owned subsidiary of Home Capital Group Inc. (HCG.TO), today announced their joint business agreement to offer tailor-made acquiring solutions to the Canadian market.
As an industry leader, Payvision is focused on providing cutting-edge solutions that are designed to serve each domestic market, connected to one global acquiring platform. This agreement gives Home Trust access to Payvision's cross-border ecommerce community, industry knowledge and network of global acquirers. With its world-class international processing platform, Payvision can support Home Trust's merchants with multi-currency processing, helping them to expand their geographical footprint. Canadian online merchants can now benefit from a single API integration of domestic and international processing on one global acquiring platform, enabling full control all of the business they do in any country or region in the world.
"The Canadian market is an online-savvy marketplace that requires tier-one processing solutions with a focus on cross-border payments," said Rudolf Booker CEO and founder, Payvision. "Being in Canada provides us with a tremendous opportunity to build on our mission of connecting cultures through cross-border commerce, and working with Home Trust helped outline detailed requirements and market expectations, and provided great insight into the Canadian landscape."
Together with Home Trust, Payvision enters the Canadian market, offering to its Canadian, US and international PSPs, ISOs, acquirers, and their online merchants a great opportunity for international growth through a robust local payment processing solution focused on both domestic and global needs.
The CNP market in Canada offers companies in the payment chain a fantastic opportunity with intriguing challenges. Canada is an evolving market with new technologies, products and service needs, and having a local resource with the right contacts, and an understanding of global acquiring complexity and the Canadian market is paramount.