Alberta Leads Canada in Retail Sales—MONEXgroup Steps Up and Offers High Speed Contactless POS Systems for Businesses Looking to Shine

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According to a study by Statistics Canada published April 23 – Alberta is leading in Retail Sales and high retail sales are a good sign for economic stability and many businesses are searching to find an edge. MONEXgroup steps-up and offers high-speed contactless POS systems for businesses looking to shine.

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MONEXgroup is the #1 rated payment processing company in Canada offering the lowest rates in the industry.

You can't spell Alberta without an A - and an A is exactly what the province has earned in retail sales for this February. According to a study by Statistics Canada, Alberta has reached a record level of sales for February, making almost $6.5 billion and increasing earnings by 8.3 percent from February of last year. What has led to the success? Experts say that Alberta made headway through general merchandise stores, which is especially impressive given the harsh weather experienced just months ago.

That’s great news for retailers in the region, but what about the rest of Canada? While it is true that Alberta leads the pack, the rest of Canada is not far behind, with sales across the country increasing by 3.7 percent and topping off at $41 billion. For retailers hoping to edge out their competitors during this boon, contactless payment systems are one option. Super-quick POS terminals, such as MONEXgroup’s Vx 810 Duet, are being employed by businesses across Canada in order to help reduce long wait times for customers in lines.

“Speed, safety, and security are indispensable in every industry – especially in the payment processing industry,” commented Parry Rosenberg, Vice President of Sales and Marketing at MONEXgroup. “Customers appreciate efficiency and the technologies MONEXgroup offers are the highest quality in the industry - making their experience stress-free and highly efficient.”

MONEXgroup’s Vx 810 DUET offers fast transactions and many payment types, such as smart card, magnetic stripe, contactless, and PIN-based debit. It's ideal for high-volume points of sale, with PCI PED for secure PIN-based debit transactions. This features quick multi-tasking and multiple connectivity choices in any environment, including Ethernet, USB, and serial ports.

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.

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Holly Murray
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