3 hours ago
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Aninda Chakraborty
Tue, May 5, 2026 astatine 5:07 AM CDT 1 min read
Private equity steadfast Francisco Partners is reportedly successful discussions to get Moneris, a fiscal exertion associated task co-owned by Royal Bank of Canada (RBC) and Bank of Montreal (BMO).
The imaginable transaction could worth Moneris astatine up to $2bn, the Financial Times reported, citing radical acquainted with the matter.
The study said negotiations person taken longer than expected, but an statement could beryllium reached by summer. The sources told FT that different bidders could inactive emerge, oregon talks could extremity without a deal.
The reported talks travel earlier sum from astir a twelvemonth agone that RBC and BMO were exploring merchantability of Moneris.
Moneris is 1 of Canada’s largest merchant outgo processors and handles much than 5 cardinal transactions each year.
The institution offers end-to-end outgo products, including in-store terminals, self-serve kiosks, mobile point-of-sale tools, online checkout integrations and an all-in-one ecommerce platform. According to its website, it supports much than 325,000 points of commerce crossed Canada.
FT added that Moneris could acceptable with Francisco Partners’ exertion concern strategy. Francisco Partners already owns payments institution Verifone and holds a involvement successful Paysafe.
The reported discussions travel arsenic respective North American banks person reduced their beingness successful merchant acquiring and outgo processing.
TD Bank has antecedently transferred power of its Canadian merchant processing concern to Fiserv. Bank of America, Fifth Third Bank and PNC Financial Services person besides sold oregon divested parts of their payments operations successful caller years.
Francisco Partners has astir $45bn successful assets nether management.
"Francisco Partners successful discussions to bargain payments processor Moneris – report" was primitively created and published by Electronic Payments International, a GlobalData owned brand.
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