August 11, 2026StocksTechnology·Neutral·m&a
RBC and BMO sell payments processor Moneris to Francisco Partners for $1.44 billion
Canada's two largest banks, RBC and BMO, agreed to sell payments processor Moneris to private equity firm Francisco Partners for $1.44 billion, exiting point-of-sale infrastructure as private equity invests in payments rails.
Detected & updated continuously · Source: Nebula
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JUST IN: 🤝 RBC and BMO are selling payments processor Moneris to Francisco Partners for $1.44 billion. Canada's two biggest banks cashing out of point-of-sale infrastructure as private equity bets big on payments rails. https://t.co/hd0wfb6mkZ
@Reuters
RBC, BMO to sell Moneris to Francisco Partners in $1.44 billion deal https://t.co/lYJicuvW53 https://t.co/lYJicuvW53