Payments in Canada just got better

With new acquiring licences and the launch of Worldpay for Platforms in Canada, merchants and platforms now have more access to Worldpay’s powerful, unified payment solution. That’s good news for businesses in Canada seeking payments speed, simplicity and improved authorization rates.

Worldpay has supported merchants in Canada for years, but it is now able to offer even greater value. As a licensed acquirer in Canada, Worldpay now can process domestic card transactions directly, removing the need for intermediaries.

For Canadian businesses, this unlocks several advantages:

• Faster funding: Direct processing streamlines payments, allowing merchants to receive funds in less time.
• Higher approval rates: With local acquiring, payments are authorized with greater precision, raising acceptance rates for both merchants and their customers.
• Simplified compliance and reconciliation: By aligning directly with Canadian regulatory expectations and cutting out third parties, merchants experience enhanced reporting, reduced complexity and more straightforward reconciliation.

This leap forward empowers businesses to operate efficiently and confidently in the Canadian market, with streamlined processes and enhanced operational success.

Worldpay for Platforms: Scaling for SaaS and marketplaces

The launch of Worldpay for Platforms delivers a powerful toolkit for marketplaces and companies that offer software as a service. Now live in Canada, it makes it possible for platforms to:

• Embed payments effortlessly. Integrate payment functionality directly into their systems, creating high quality experiences for end users.
• Onboard users faster. Simplified configuration enables platforms to bring new users onboard quickly, accelerating growth and reducing time to market.
• Grow with confidence. Built-in local compliance supports expansion within Canada, while Worldpay’s global reach opens doors to international markets without added complexity.

For technology providers powering Canadian businesses, these capabilities mean growth is no longer limited by payment infrastructure. Instead, platforms can focus on innovation and expansion, secure in the knowledge that their payment systems are robust and responsive to local needs.

One global connection, local power

Whether you are a neighbourhood merchant or an enterprise platform supporting Canadian businesses, Worldpay’s integrated solutions connect you to the world. By combining global reach with local expertise, Worldpay enables businesses to operate with the right payment tools, knowledge and confidence, whether online, in store or both.

"The payments landscape in Canada is changing, and that's exciting for merchants."

“We now offer a full suite of solutions in Canada,” said Phil Hogg, president of Worldpay, Canada. “The payments landscape in Canada is changing, and that’s exciting for merchants because of the new possibilities it brings. With our global offering – accepting more than 135 currencies across over 170 countries – we’re a gateway to the world for Canadian merchants with growth ambitions. As you scale, both in Canada and across borders, our partnership can help you navigate the changing nature of consumer payment preferences in order to make every transaction count.”

Spotlight on payments in Canada

Having a local acquiring licence with the card schemes in Canada is game-changing. Canadians are heavy users of credit cards, and so any improvement in authorization rates and savings can have a big impact on merchants.

Our Global Payments Report data for Canada found that cards accounted for 50% of POS transaction value in 2024 and 46% of online value, making credit cards Canada’s leading payment method. Add debit and prepaid cards, and this jumps to 74% and 57%, respectively, for all cards.

"This evolution requires merchants to innovate and adapt to the times. Consumers expect it."

“Compared to the U.S., Canada is slightly behind in digital wallet use,” said Hogg. “But the gap closes, especially for e-commerce, when looking forward to 2030, when we predict wallets will account for 47% of online transactions. Since 55% of wallets in Canada are funded by credit cards – and a further 10% by debit cards – cards will remain integral to the payments ecosystem. This evolution requires merchants to innovate and adapt to the times. Consumers expect it.”

How Worldpay can help

Worldpay empowers Canadian merchants with secure payment solutions tailored to local and global needs. By combining advanced technology – enabling merchants to accept, protect, optimize and embed payments – with deep payments expertise, Worldpay helps merchants stay competitive in a rapidly evolving payments landscape, both domestically and internationally.

Connect with us to talk payments in Canada.