Speaking about the acquisition, Greg Grice, Executive Vice-President of Business Financial Services at RBC, stated: “This acquisition enables us to expand our portfolio of digitally-enabled capabilities and advice for our business clients and further strengthens RBC’s position as a digital leader in the market. By integrating WayPay’s innovative payment solution, we’re able to provide clients with a secure, simple and automated payables and payments solution as part of RBC’s comprehensive suite of business offerings to help them manage and grow their business with greater ease and efficiency.”

https://www.crowdfundinsider.com/2019/07/149341-royal-bank-of-canada-announces-acquisition-of-fintech-startup-waypay/