Canadian Payment Giant Moneris Sold to US Private Equity, Sparking Digital Privacy Concerns

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14 August 2026 at 3:07 pm

Canadian Payment Giant Moneris Sold to US Private Equity, Sparking Digital Privacy Concerns

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Summary

Royal Bank of Canada and Bank of Montreal are selling payment processor Moneris Solutions Corp. to U.S. firm Francisco Partners, raising concerns about Canada's digital privacy and sovereignty amidst trade tensions.

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