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Jul 2018 - IDC Innovators - Doc # CA43806018

IDC Innovators: Canadian Fintech-Enabled International Payment Solutions, 2018

By: Robert Smythe, Jason BremnerResearch Vice President, Industry and Business Solutions, James WesterResearch Director, Worldwide Blockchain Strategies

Abstract

IDC Innovators are emerging vendors with revenue <$100 million that have demonstrated either a groundbreaking business model or an innovative new technology — or both. This IDC Innovators study profiles five fintech-enabled international payment solution providers: AscendantFX, Knightsbridge Foreign Exchange, Paycase, Payment Rails, and U. Remittance of funds between parties within Canada and globally are undergoing transformation from processes used by major banks to more cost-effective and faster processes offered by a growing number of fintech service providers.

"Fintechs in Canada generally focus on specific client segments but in order to grow must develop the means to offer their services on a global basis," according to Robert Smythe, research associate, IDC Financial Insights.


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