Discover Global Network has inked an agreement with Desjardins Group, the top cooperative financial group in Canada through its Monetico payment solutions, to expand acceptance in Canada.
Merchants that have business relationships with Desjardins are now able to accept cards that run on the Discover Global Network, including Discover, Diners Club and alliance partner cards.
Discover says working with Desjardins will provide a significant boost to itss merchant acceptance throughout Canada, especially in the province of Quebec.
Canada welcomes nearly 14 million visitors from the U.S. annually and that number is expected to increase by more than 20% by the year 2020. In an effort to provide more payment options and a more seamless payment experience for cardholders, Discover Global Network has expanded considerably within Canada in recent years.
From 2015 to 2016, transactions on the Discover Global Network increased by more than 20% in Canada. Furthermore, the majority of merchants in Canada now accept Discover.
Monetico is the result of a partnership by two major institutions, Desjardins Group in Canada and Crédit Mutuel in France, with shared cooperative and mutualist values. Their goal is to prioritize the interests of merchants by creating a range of solutions geared to both local entrepreneurs and large-scale, international businesses.
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