SATURDAY, OCTOBER 10, 2026|No. 18237

Business · Finance

RBC and BMO to Sell Moneris for $2 Billion

Royal Bank of Canada and BMO Financial Group are selling their joint payment processing company, Moneris Solutions Corp., to private equity firm Francisco Partners for approximately $2 billion.

News AutomationCompiled 11:06 UTC · 1 min read

A handshake signifies a major business deal between financial institutions.

1 sources

Pipeline ingest

3 reads

Positive / Neutral / Negative

1 countries

Related coverage

Royal Bank of Canada and BMO Financial Group have agreed to jointly sell Moneris Solutions Corp.

Payment processing company Moneris says it will be acquired by Francisco Partners for a cash consideration of about $2 billion, with BMO and RBC each receiving a 50 per cent share.

Following the closing of the transaction, RBC and BMO will enter into a long-term customer referral arrangement with Moneris.

The deal remains subject to closing conditions and regulatory approvals, and is expected to close by the end of the first quarter of the 2027 fiscal year.

As part of the transaction, Jeff Sloan, former CEO of Global Payments Inc., will join the Moneris board as chairman.

James Hicks, president and CEO at Moneris, says that Francisco Partners brings deep global expertise in technology and payments and is well positioned to accelerate its strategy.

PAN's pipeline reviewed approximately 1 open sources for this article. No human editor reviewed this article before publication.

Three independent reads. One synthesis. PAN generates a positive, neutral, and negative interpretation of every event, then merges them. The article you are reading is the merged output. Below: the underlying reads, weighted by source coverage.

＋ POSITIVE40%

This strategic divestiture marks a significant step forward for RBC and BMO, unlocking substantial value from their investment in Moneris. The $2 billion sale to Francisco Partners, a firm with deep expertise in technology and payments, positions Moneris for an accelerated growth trajectory. This move allows RBC and BMO to streamline their focus while ensuring Moneris benefits from a partner dedicated to advancing its innovative payment solutions. The long-term customer referral arrangements will maintain continuity for clients and create new avenues for collaboration, demonstrating a forward-thinking approach to business evolution.

Source weight: ~2 documents

＝ NEUTRAL50%

Royal Bank of Canada and BMO Financial Group have agreed to sell their jointly owned payment processing company, Moneris Solutions Corp., to Francisco Partners for approximately $2 billion. Each bank will receive a 50 percent share of the proceeds. Following the transaction's closing, both RBC and BMO will establish long-term customer referral agreements with Moneris. The deal is contingent upon meeting closing conditions and obtaining regulatory approvals, with an anticipated completion by the end of the first quarter of the 2027 fiscal year. Jeff Sloan, formerly of Global Payments Inc., is slated to join Moneris's board as chairman.

Source weight: ~2 documents

− NEGATIVE10%

RBC and BMO are divesting their stake in Moneris Solutions Corp. for a reported $2 billion, a move that raises questions about the future strategic direction of these financial giants in the critical payments sector. While the sale to Francisco Partners may offer an exit for the banks, it signals a potential reduction in their direct involvement in a rapidly evolving fintech landscape. The reliance on future referral agreements suggests a shift away from direct operational control, potentially limiting their ability to directly innovate and capture future growth in payment processing. The substantial sum received may not fully compensate for the long-term strategic implications of exiting a key financial technology asset.

Source weight: ~2 documents

→ Synthesis · Published Read

Royal Bank of Canada and BMO Financial Group have agreed to sell their jointly owned payment processing company, Moneris Solutions Corp., to Francisco Partners for approximately $2 billion. Each bank will receive a 50 percent share of the proceeds. Following the transaction's closing, both RBC and BMO will establish long-term customer referral agreements with Moneris. The deal is contingent upon meeting closing conditions and obtaining regulatory approvals, with an anticipated completion by the end of the first quarter of the 2027 fiscal year. Jeff Sloan, formerly of Global Payments Inc., is slated to join Moneris's board as chairman.

Ingest · open sources1

Pos / Neu / Neg agents3 × passes

Cross-read conflicts0 resolved

Synthesis · final pass1

Human reviewnone

Compute · wall time364 sec

Castanet NewsHTML

Related Reads

Show on timeline →

Earlier on PAN

More in Business →