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Peoples Group partners with Fiserv to build Canada's next-generation payments platform, enhancing instant payment capabilities and future readiness, while Fiserv shows steady revenue growth in the digital payments market.
Summary
Peoples Group has announced a strategic partnership with Fiserv to develop Canada's next-generation payments platform, aiming to provide financial institutions and fintechs with advanced capabilities. This collaboration will enable instant payments, an always-on infrastructure, and support for ISO 20022 data, integrating directly with Canada's main payment systems to streamline operations and enhance digital experiences. This represents a substantial technology investment for Peoples Group, reinforcing its commitment to enterprise-grade banking infrastructure and preparing for Payments Canada's Real-Time Rail. Fiserv's leading payments technology and cloud-based DNA core platform will power the new system. Industry leaders from both companies highlighted the importance of modern infrastructure for global competitiveness, scalability, and customer experience. Concurrently, a financial news piece from mid-February noted Fiserv's steady revenue growth in late 2025, particularly in its Merchant Solutions segment, and mentioned its stock performance alongside other digital payment companies, underscoring Fiserv's ongoing market presence.