Who owns Moneris now?

RBC and BMO agreed on August 10, 2026 to sell Moneris to Francisco Partners, a private-equity firm headquartered in San Francisco, for approximately C$2.0 billion. The sale is expected to close by the end of RBC and BMO's first fiscal quarter of 2027, subject to regulatory approval.

When does the Moneris sale close?

The transaction is expected to close by the end of the first quarter of BMO and RBC's 2027 fiscal year, subject to approvals under the Retail Payment Activities Act and clearance under the Competition Act.

What is a Canadian-headquartered alternative to Moneris?

Nuvei is headquartered in Montreal and led by founder Philip Fayer as Chair and CEO. Nuvei is privately held: it was taken private in November 2024 in a deal led by Advent International, a Boston-based private-equity firm. Its Canadian shareholders, Philip Fayer (about 24%), Novacap (about 18%) and CDPQ (about 12%), together hold roughly 54%.

Moneris Sold to an American Buyer — Is Moneris Still Canadian? (August 2026)

Q: Is Moneris still Canadian?

Moneris remains a Canadian-incorporated company operating in Canada, and states that its head office and technology infrastructure remain fully resident in Canada with nearly 2,000 employees nationwide. Its ownership, however, moves to Francisco Partners, an American private-equity firm, once the sale closes.

What just happened

RBC and BMO have jointly owned Moneris 50/50 since 2000. Both banks are selling out completely.

Buyer: Francisco Partners, a technology-focused private-equity firm headquartered in San Francisco.
Price: approximately C$2.0 billion in cash, split evenly between the two banks.
Timing: expected to close by the end of RBC and BMO's first fiscal quarter of 2027, subject to approvals under the Retail Payment Activities Act and clearance under the Competition Act.
After closing: both banks keep referring customers to Moneris under long-term referral agreements, and Jeff Sloan, former CEO of Global Payments, becomes chairman of the board.

Is Moneris still Canadian?

The company stays in Canada. The ownership does not.

Moneris says its head office and technology infrastructure remain fully resident in Canada, with nearly 2,000 team members across the country, and that its commitment to Canadian businesses is unchanged. On day-to-day operations, take them at their word.

What actually changed sits upstream of all that. Two Canadian banks are off the cap table, and one American private-equity firm now owns the whole thing.

Why merchants are paying attention

Private-equity owners typically hold a business three to seven years and run it toward a sale. Pricing, product and support decisions get made against that clock. That is the model, not a prediction about anyone. But if you are month-to-month, an ownership change is exactly when it is worth knowing what you are actually paying.

Nuvei: still Montreal, still founder-led, still majority Canadian-held

Philip Fayer founded Nuvei in Montreal in 2003. He still runs it as Chair and CEO, from Montreal.

Nuvei is privately held too — taken private in November 2024 at roughly US$6.3 billion in a deal led by Advent International, a Boston private-equity firm. We would rather you hear that from us than find it later.

Here is why it still is not the same thing. Nuvei's Canadian shareholders — Philip Fayer at about 24%, Novacap at about 18%, and the Caisse de dépôt et placement du Québec at about 12% — hold roughly 54% between them. A Canadian majority, with the founder still in the chair. Once the Moneris sale closes, Moneris is wholly owned by a single American firm, with no Canadian ownership remaining at all.

More on the processor we supply: Nuvei payment solutions and PAX terminals →

And here is who you would actually be working with

Whichever processor turns out to be the right fit — Nuvei, Elavon, or Fiserv's Clover — the company you deal with is the same either way. RKP Atlantic Business Services is 100% Canadian-owned and operated: 687441 NB Inc., based in Grand-Barachois, New Brunswick. Not a call centre, and not a sales desk in another country.

We do not cold-call and we do not run a telemarketing floor. When you call, you get Ron or Kathy — the owners — seven days a week. The people who quote you are the same people who install your terminal and answer the phone when something goes wrong at four o'clock on a Friday.

That part does not change with the news cycle. Ownership changes happen upstairs at the processors. Your day to day is whoever picks up the phone.

In business since 2016 — 10+ years serving Atlantic Canadian merchants
BBB A+ Accredited Business
Member, Greater Moncton Chamber of Commerce

Thinking about moving? That is what we do.

RKP Atlantic Business Services is an ISO supplying Nuvei merchant accounts and Nuvei-certified PAX terminals across New Brunswick, Nova Scotia, Prince Edward Island, and Newfoundland and Labrador — quoted, installed and supported locally, by people you can actually reach.

Send us your most recent Moneris statement. We will go through it line by line and show you exactly what you are paying now and what you would pay with us. No charge, no obligation.

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Or call 506-870-8499.

Moneris Just Sold to an American Buyer — Here's What That Means for Your Business