Royal Bank of Canada (RBC) has acquired WayPay, a Burlington, Ontario cloud-based provider of accounts payable automation and payment optimization.
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Royal Bank of Canada acquires WayPay
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.”
