Discover Global Network, the third largest payments network in the world1 and part of Discover Financial Services, has entered into an agreement with Desjardins Group, the leading cooperative financial group in Canada through its Monetico payment solutions, to expand acceptance in Canada.
Merchants that have business relationships with Desjardins are now able to accept cards that run on the Discover Global Network, including Discover, Diners Club and alliance partner cards.
“As one of the top countries that Discover cardmembers travel to and a popular global travel destination, expanding the Discover Global Network footprint in Canada has been and continues to be a major priority,” said Ricardo Leite, vice president, Discover Global Network. “Working with Desjardins will provide a significant boost to our merchant acceptance throughout Canada, especially in the province of Quebec.”
“Desjardins is very pleased with the launch of this offer, which demonstrates once again how we respond to the current needs of both the market and our clients—from local entrepreneurs to major corporations—giving them the opportunity to multiply their business opportunities,” said Patrice Dagenais, vice president of payment services and business partnerships, Desjardins Group. “We’re committed to simplifying and facilitating the client experience.”
As a popular travel destination, Canada welcomes nearly 14 million visitors from the U.S. annually2 and that number is expected to increase by more than 20 percent by the year 20203. In an effort to provide more payment options and a more seamless payment experience for cardholders, Discover Global Network has expanded considerably within Canada in recent years. From 2015 to 2016, transactions on the Discover Global Network increased by more than 20 percent in Canada4. Furthermore, the majority of merchants in Canada now accept Discover5.
Contributed | what does this mean?