Transcard forays into Canada with B2B & B2C payments solution

By Gloria Mathias

Transcard, a global payments technology, has announced its expansion into the Canadian market.

Transcard has launched its first Canadian customer, Xodus Travel Services. The company leverages the SMART Suite for payment orchestration and is adopting an enhanced digital payment experience.

Transcard’s embedded payment platform supports global payments across multiple currencies, configurable language packs, and domiciled data capabilities. The Canadian expansion includes local payment rails and supports Canadian French across solutions. Designed to streamline global financial operations, Transcard’s payment solutions have been designed to meet GDPR, RPAA, and PIPEDA Data Protection requirements.

“Launching in Canada marks a significant milestone in the company’s mission to enhance digital payment solutions worldwide. We’re excited to expand our capabilities, build more strategic partnerships, and support customers in Canada,” said Greg Bloh, CEO of Transcard.

David Rivelis, President and CEO of Xodus, shared, “We’re excited to partner with Transcard as they expand their payment solutions in Canada. By enabling their fast, secure, digital payment solutions, Xodus Travel Services will offer policyholders an improved claims experience with payment optionality and real-time payment options.”

Looking ahead specifically to Canada this year, Transcard plans to introduce more Canadian bank connections and real-time payment options, including the Interac payment rail, virtual card, and push to debit. These solution enhancements will further expand their embedded platform’s global capabilities for customers.

The SMART Suite delivers a seamless payment experience and enables users across industries to collaborate and share payment information easily. The solution set agnostically embeds within a customer’s ERP or core system and connects to existing bank accounts, supporting payment orchestration for businesses of all sizes. Features include disbursements, receivables, account-to-account payments, cross-border payments, AI insights, and supply chain financing.