UK fintech Cardstream partners with Moneris to enable their payment facilitation services in Canada

Cardstream Group, UK’s largest independent payment technology provider, and Moneris Solutions Corporation, a leading Canadian commerce solutions provider, have announced that Moneris will leverage Cardstream’s Payment Facilitation-as-a-Service (PFaaS) platform to enable its partners to extend their presence and integrated offerings in the Canadian market.

Through the agreement, Moneris will offer a comprehensive platform to its Independent Software Vendor (ISV) and Independent Sales Organisation (ISO) partners, supporting their expansion opportunities within the dynamic Canadian market.

Adam Sharpe, CEO of the Cardstream Group, said, “We’ve built a group portfolio of over 150 channel partners who use and distribute our white label FinTech as their own. Our PayFac-as-a-Service platform is the quickest and most versatile way for companies to enter this rapidly growing billion-dollar global marketplace. We are delighted to have been chosen by Moneris as its technology provider.”

“Moneris is pleased to work together with Cardstream, leveraging its leading-edge platform to support our payment facilitation services,” said Patrick Diab, Chief Product Officer at Moneris. “These services will enable ISV and ISO partners to enter the Canadian market or expand their commerce solutions, beginning in the second quarter of 2025.”