Paramount Commerce and Flink have collaborated ahead of the much anticipated launch of Ontario’s regulated igaming market in April.
Under the partnership agreement, the global bank account-based payments provider will be equipped with Flinks’ open banking API to power payments for Canadian merchants.
Dave Roe, COO of Paramount Commerce, explained: “Through our partnership with Flinks, consumers will be able to enjoy an easier and faster payment process.
“The launch comes at a critical time for our igaming and sports betting merchants, as regulation triggers a major turning point in Canada’s igaming industry. This marks another step in our continuing effort to support our merchants as they expand into new geographies.”
The solution is said to combine bank connectivity and data through Flinks’ platform to support Paramount Commerce’s payment processing and risk management.
“Our partnership with Paramount Commerce shows that open banking is now a core component of a new era of digital experiences,” added Clayton Feick, CRO of Flinks.
“Everywhere consumers identify themselves to open accounts and transact, open banking has the power to enable better experiences and business processes.”
The strategic relationship between Paramount Commerce and Flinks aims to offer the “best payment experience” for both merchants and consumers in Canada, including Ontario’s soon-to-be regulated igaming market.