With Retail Sales up $40.7 Billion, Businesses Turn to MONEXgroup for POS Solutions

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Reports from Statistics Canada, published in March indicate a bustling economy with retail sales raising 1.3% or $40.7 billion. MONEXgroup offers business merchants the solutions to accept fast and secure payments that will accomodate this growth.

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Today's business owner needs to be prepared for both the traditional and modern-day customer

The year has only just gotten started and already there is much to look forward to in the economic sector. According to a new study released by Statistics Canada, retail sales rose 1.3% (to $40.7 billion) in January. Sales were also strong in motor vehicle and parts dealers, but were strongest in the general merchandise stores. Department stores, especially, saw a strong increase in sales in this market, with a 5.3% increase.

This is great news for business owners and may indicate strong sales throughout the year. In an effort to foster online sales – there is more good news: the federal government has released a digital economic strategy entitled "Digital Canada 150," with plans that include protection for Canadians with increased digital security and expanding internet access to thousands of residents in rural areas.

"Today's business owner needs to be prepared for both the traditional and modern-day customer,” commented Parry Rosenberg, Vice President of Sales and Marketing at MONEXgroup. “It’s not enough to simply have a traditional brick and mortar store – having an online presence offering a virtual shopping cart so customers can shop when is most convenient for them - is proving to be not just beneficial, but crucial.”

MONEXgroup offers state of the art equipment, such as the bilingual and ready to use ICT220 Counter Top Point of sale Terminals to help businesses handle current customers in a fast and efficient manner. As well, MONEXgroup offers services that allow for online integration with existing POS systems, allowing businesses to take advantage of their physical locations as well as new online customers—especially important as the nation prepares itself for a new, protected, technologically-centered future.

MONEXgroup is the leading independent provider of payment processing services in Canada offering the lowest rates in the industry. Services offered include: debit card and credit card point-of-sale (POS) terminals, mobile, integrated and e-commerce online payment products. MONEXgroup serves over 20,000 merchant accounts across Canada in all market segments including: restaurants, business-to-business, professional services, leisure and hospitality.

Holly Murray
Marketing Communications
T: 647 204 0197

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