PSP Services Inc., one of Canada’s leading merchant payment solutions providers, completes the acquisition of PSiGate, a wholly owned subsidiary of Peoples Payment Solutions Ltd.

VAUGHAN, ON, May 9, 2022 /CNW/ – PSP Services Inc. (PSP) is pleased to announce the completion of its acquisition of Payment Services Interactive Gateway Inc. (PSiGate). PSiGate, a wholly owned subsidiary of Peoples Payment Solutions Ltd. (PPS), focuses on e-commerce and cardless payment solutions for merchants of Canada. This strategic acquisition comes at a critical time for PSP as merchants around the world continue to evolve their own e-commerce strategies and solutions. With this acquisition, PSP is well positioned to advise and provide the online and mobile solutions that merchants are looking for.

“As PSP continues to execute its unified commerce platform strategy, this acquisition enhances our ability to deliver to merchants across North America flexible, secure and real-time payment capabilities for their customers,” said Danny GuriszanCEO and President of PSP Services. “We have seen a significant acceleration in online shopping with respect to payment preferences and expect this to continue unabated in the years to come. With our existing in-store payment solutions and our fully integrated cloud-based – iPOS™ – we are absolutely leading the way to Canada and abroad by providing innovative, high-performance and highly functional payment solutions with centralized, data-rich and multi-channel information for businesses to optimize their operations. »

PSiGate has been providing e-commerce merchant services since its inception in 1998. Through its proprietary gateway, valuable partnerships, and integrations with leading shopping carts and platforms, PSP will deliver unparalleled value to a wide range of thousands of merchants across Canada.

“We are very excited to welcome PSiGate to the PSP family. We are excited to introduce new opportunities to our new partners and the very talented team members who have joined us” Gurizzan continued, “And equally important, to continue to meet our customers’ payment needs and expand our relationship together on our unified commerce platform.”

Howard KleinPresident of Peoples Payments and Cards, Peoples Group, added: “Peoples Group is delighted to transition the PSiGate business to PSP. Their best POS systems along with an extremely talented team will be a great addition to the service offering. We will continue to support the PSiGate business as an acquiring bank.”

PSP is an emerging payment processor in North America but has provided merchant services and its fully integrated, cloud-based point-of-sale solution – iPOS™ – to small and medium-sized businesses across the Middle East for the last decade. The head office of PSP being located at Vaughan, ONthe company sees this acquisition as a real game-changer in the Canadian fintech industry and a launch pad for its unified commerce platform, introducing significant value and capabilities for businesses from coast to coast .

About PSP

PSP Services Inc. is a Canadian company and one of the largest independent bank payment processors in the country. A leader in payment systems, processing and integrations, PSP provides modular solutions through our unified commerce platform allowing our customers to drive their payments and customer experience as they see fit. With a 24/7 Concierge Customer Contact Center, PSP offers unparalleled service, support and payment solutions to businesses around the world. North America. Our customers’ business is in our DNA, providing a wide range of customized payment acceptance solutions built on a rock-solid proprietary technology platform allowing our customers to focus on what’s most important to them. them.

About PSiGate

Founded in 1998, PSiGate specializes in e-commerce and cardless payment solutions for merchants in Canada. PSiGate provides a secure interface for businesses to accept credit and debit payments with reliable, real-time transaction processing. PSiGate provides Canadian and US dollar merchant accounts to businesses all over the Canadaso merchants can do business online worldwide.

About Peoples Payment Solutions Ltd.

Peoples Payment Solutions Ltd., a subsidiary of Peoples Trust Company, part of Peoples Group, offers a suite of industry-leading payment processing solutions for merchants through our various processing relationships.

SOURCE PSP Services Inc.

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