With Impressive Auto Sales - Merchants Are Speeding to MONEXgroup to Upgrade Their Payment Processing Terminals

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According to The Financial Post, published in late March – Canada has seen growth in a number of industries, but few so drastic as the automotive industry (reaching 157,060 vehicles sold in March). With this increase in buyers, many Canadian merchants are exploring new opportunities to upgrade existing payment processing technology – MONEXgroup offering ample solutions.

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That's what makes MONEXgroup rated #1 in Canada - our commitment to service.

Start your engines! Canadians can finally dust the remaining snowflakes off their cars and drive into spring. Surprisingly, according to new figures put out by the Global Post, the especially frigid winter has done nothing to hurt this year's auto sales. What might seem like only a slight increase (0.2 percent increase between this and last year’s March sales) it is not as modest as it seems - as last March’s Sales were already record setting.

According to the Financial Post, a recovering housing market and a highly competitive manufacturing sector in the United States has led to increased (and unexpected) growth in a number of Canadian industries, but few so dramatically as in the automotive industry, which sold 157,060 vehicles this March (up from the already high number of 156,680 last year).

With efficiency and speed of service top of mind, to accommodate the influx of sales merchants are expanding and exploring new credit and debit card processing solutions to complement the flood of new customers.

"You might be under the impression that upgrading to MONEXgroup could be difficult and possibly interfere with accommodating the influx of customers," commented Parry Rosenberg, Vice President of Sales and Marketing at MONEXgroup. "However, that's what makes MONEXgroup rated #1 in Canada—our commitment to service means a seamless transition to a more robust payment processing solution as you will experience little-to-NO downtime."

Impressive sales numbers can wreak havoc on slow and outdated payment processing terminals. Many merchants are looking forward to growth by upgrading to robust credit card machines. MONEXgroup's iWL250 is one option for processing credit and debit cards in a fast and efficient manner. Merchants are also choosing the iWL250 because of its Wireless Long Range GPRS Technology making it portable and powerful – with the capability to pay anywhere your customers are, instantly.

MONEXgroup is the #1 rated payment processing company 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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