New Jersey based cross-border payments network and banking consortium, PayCommerce announced it has opened new offices in Ontario. The Canadian office will also be its Global Research and Development Center.
Earlier PayCommerce also had announced that Tritium Partners were investing $22 million in the company. This may have given them boost in aggressive expansion for Research and Development Center in Ontario which will help company to evolve through innovations in Blockchain, gaining faster payments and taking a leap in artificial intelligence integrated payment methods.
Abdul Naushad, Founder and Executive Chairman, PayCommerce, said, “Thanks to the Consulate General of Canada and the Ontario International Trade & Investment Office in New York for their tremendous support throughout the process of setting up our first Canadian operations. It was very encouraging to see their level of engagement with our management and operations team.”
PayCommerce is privately held financial service provider founded in 2006 And headquartered New Jersey, United States.It provides cloud-based business payment solutions for small, mid, and large size enterprises in the United States and internationally. Some its offerings are BillerZone, Mobile Merchant Manager (MCube) with Interactive Voice Response (IVR) Payment suite, Universal Payment Platform and GuardZone.
It serves financial services, healthcare, travel and transportation, retail and distribution, telecom, and federal and state government industries through resellers. Including enterprise customers from seven of the top global banks, 11 of the top 50 U.S. banks, 14 Global Fortune 500 firms and eight U.S. Fortune 500 companies. Additionally, the PayCommerce platform has processed over US$400 billion, consisting of around $200 million transactions in the last 12 months. (Data as given by the company)