Most Viewed Payment Infographics of 2020

This year has been marked with incredible resilience, recovery, and innovation with the payments industry playing a vital role in supporting businesses and citizens through the pandemic. Here are our most viewed payment infographics of 2020: E-Commerce Growth & Payment…

2020 E-Commerce Growth & Payment Preferences

VoPay e-Commerce
The pandemic has helped accelerate the shift in consumer buying habits from in-person to e-commerce channels. This year Black Friday shopping numbers showed in-store traffic down by half from the year before with online spending up 22%. Even before the…

Canada’s Love With Cashless Payments Reaches New Heights

VoPay Cashless Love
Cashless Payments Dominate Earlier this month Payments Canada released its annual report on payment methods and trends. The report looked at more than 22 billion payment transactions made in 2019 – providing insight on both year-over-year and 5-year trends in…

The Current State of Canadian Fintech Adoption

Canadian Fintech Adoption
Fintech adoption has nearly tripled in Canada, increasing from just 18% in 2017 to 50% in 2019. Canadian digital-only banks will experience an increase in account holders between 2020 and 2024 at an annual growth rate of 8.9%. For the…

Welcome to The World of Payments as a Service

VoPay API Layer
The Payments as a Service (PaaS) model eliminates the need for costly and lengthy implementations. Instead, it shifts to a subscription-based technology designed to reduce upfront IT spending, enhance client flexibility and give access to the latest technologies. PaaS is…

Open Banking Movers & Shakers – Q4 2020

VoPay Open Banking Movers & Shakers Q4
In the summer we released our first quarterly ‘Open Banking Movers and Shakers‘. We’re pleased to share an updated list with several new additions. Welcome Wealthsimple, Borrowell, Financial Data Exchange, Payments Canada and Marble! All the organizations below have helped…

Small Business Payment Pain Points and Trends

Payment Pain Points
This month Payments Canada released survey results from Canadian small business owners show that 1 in 4 Canadian businesses struggles with cashflow and that the top 2021 priority for 2 in 5 small businesses will be to improve overall efficiency to…

SME FinTech Adoption By The Numbers

Global SME Fintech Adoption
In today’s New Normal both advanced technology and legacy businesses are looking to faster-integrated payment methods to enable them to offer a seamless experience to their customers. Payment technologies need to provide a flexible, real-time, and transparent experience that can…

ONE:ONE with MICC Financial’s Jonah Chininga

VoPay MICC Financial
Welcome to our ONE:ONE blog series where we sit down with thought leaders and pioneers in the fintech, payments and open banking space. We set down with Jonah Chininga, Co-Founder and Business Development Officer at MICC Financial, Canada’s first digital…

The New Fintech Normal

COVID-19 FINTECH
Our friends at Plaid recently published “The Fintech Effect” report after conducting a survey of Americans that looked at how financial technology has helped them get through the COVID-19 pandemic. You can view the full report here and see the…

The Need For Payment Speed

Payment Speed
Payment speed has never been more top of mind or important than now. A recent PayPal survey, it found that 76% of small businesses in the U.S. have reported they are struggling with cash-flow shortages and 91% said having real-time…