Remittance Industry Soars In The First Months Of 2013

Share Article

IPO by Xoom highlights the expanding remittance market in Canada with DebitWay INTERAC® Online services

News Image
With remittance companies now going public and onto the stock market, it signals that the industry as a whole has built itself upon a foundation of reliability and stability.

The Wall Street Journal shone a highly favourable light on the remittance industry in an article published February 10th, 2013 which highlights the approaching IPO for remittance up and comer Xoom – leaving no question that this bears a positive ripple effect for the remittance industry in Canada and DebitWay INTERAC® Online remittance solutions.

“With remittance companies now going public and onto the stock market, it signals that the industry as a whole has built itself upon a foundation of reliability and stability,” says Rod Tomita, Regional Senior Business Development Manager for DebitWay.ca “which are the same pillars we have built DebitWay INTERAC® Online remittance services upon as we grow and expand the remittance industry in Canada.”

An important trend to note in the remittance industry, which Xoom has already embraced, is the push towards mobile and online solutions, which are now competing directly with the more traditional brick and mortar agent locations. DebitWay INTERAC® Online remittance services offer access to the Canadian market with a secure and trusted product known to every Canadian who has a debit card in their wallet.

“As the push towards online and mobile remittance surges,” explains Rod Tomita “DebitWay.ca is poised at the head of that wave with the secure and trusted solutions that any remittance company wanting to enter the Canadian market should be looking for. DebitWay is Canada’s favourite way to pay.”

DebitWay.ca can quickly and easily integrate any existing remittance company to accept INTERAC® Online solutions and increase their traffic significantly. Companies with a proven record of transactions and a commitment to offering their Canadian customers a safe, secure and trusted way to send remittance can email DebitWay directly to learn more at, social(at)debitway(dot)ca.

For more information about DebitWay, visit http://www.debitway.ca.

About DebitWay

Headquartered in Montreal, Canada, DebitWay.ca is a certified payment provider that offers INTERAC® Online Payment (IOP) solutions. Simply by adding additional Debitway.ca payment options to already existing platforms, Debitway.ca partners can begin accepting bank payments in real-time instantly.

DebitWay.ca’s list of partners are comprised of some of the most experienced and knowledgeable people within the payment processing industry. Currently, participating financial institutions include: BMO Bank of Montreal, RBC Royal Bank of Canada, Scotia bank and TD Canada Trust.

Contact Information:

Rod Tomita
social(at)debitway(dot)ca
1-877-332-4802

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Rod Tomita
DebitWay
1- 877-332-4802
Email >
Follow us on
Visit website