RBC and BMO‘s reported talks to sell Moneris to Francisco Partners show PAYMENTS consolidation continuing as banks retreat from merchant acquiring. Moneris is one of Canada’s largest merchant processors, handling more than 5 billion transactions annually, and the potential deal could value the company at up to $2 billion. Strategically, the sale would fit a broader trend of banks offloading payments businesses to fintech-focused buyers that can invest more aggressively in digital processing infrastructure — Francisco Partners already owns Verifone and holds a stake in Paysafe, making Moneris a natural fit within its payments portfolio.
RBC And BMO In Talks To Sell Moneris to Verifone Owner – FT
