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1Clear out junk files and repair common Windows errors2Scan for outdated or missing drivers - takes under a minute3Repair Windows errors before they cause bigger problemsBMO and RBC have agreed to sell their jointly owned Moneris Solutions Corporation to Francisco Partners for approximately C$2.0 billion in cash. The August 10, 2026 announcement describes a proposed sale, not a confirmed closing: it remains subject to closing conditions and regulatory approvals. The parties expected it to close by the end of the first quarter of BMO and RBC’s fiscal 2027.
Who is buying Moneris, and what are the terms?
Francisco Partners, a technology-focused investment firm, is the announced buyer. BMO and RBC, which jointly own Moneris, are the sellers. The agreed consideration is approximately C$2.0 billion in cash, with each bank receiving half, according to BMO’s announcement and Moneris’ announcement.
The announcements do not provide a detailed purchase-price methodology or an earnings multiple. The C$2.0 billion figure is the announced transaction consideration; it should not be read as a disclosed valuation formula or as a measure of Moneris’ future performance.
Has the sale closed?
The August 10, 2026 releases announced a definitive agreement subject to customary closing conditions and regulatory approvals. Moneris specifically identified approval under Canada’s Retail Payment Activities Act and clearance under the Competition Act. The parties’ stated expectation was a close by the end of the first quarter of BMO and RBC’s fiscal 2027; that was a target, not confirmation that the transaction completed.
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- Accept all major credit and debit cards and pay one low rate with no hidden fees and no long-term contracts.
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The announcements cited here do not establish a later closing. Until a completion announcement confirms it, describe the transaction as agreed or proposed rather than completed.
Will Moneris still work with BMO and RBC?
Yes, the banks announced plans to enter into new exclusive, long-term referral arrangements with Moneris when the sale closes. That would preserve a channel through which BMO and RBC can refer customers to Moneris after they stop owning it. The announcements do not disclose the detailed contract terms, so they do not establish how referrals will operate in every situation or what services customers will receive through them.
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- 2.4’’ Color LCD with backlight
- 192 MB of Memory (128 MB RAM / 64 MB DDR RAM)
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What does Moneris do?
Moneris describes itself as a Canadian commerce-solutions provider. Its services include point-of-sale hardware and software, ecommerce and omnichannel solutions, integrated business tools, and data and insights. It says it supports payments in stores, online, and on mobile devices.
How large is Moneris?
Moneris’ August 2026 announcement reports more than 325,000 “points of commerce,” nearly 2,000 team members across Canada, and says the company handles “one in three transactions across the country.” These are company-reported figures; the release does not give a methodology for the transaction claim. The announcements do not independently establish that Moneris is Canada’s largest payments processor or provide a ranking method, so that superlative should not be treated as a verified market position.
Rank #3
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What changes for Moneris and what remains uncertain?
If the deal closes, ownership would shift from BMO and RBC to Francisco Partners. Moneris says its commitment to Canadian businesses, people, leadership, presence, and platforms will remain unchanged. That is the company’s stated intention, not a guarantee of future operations.
Moneris also says its head office and technology infrastructure are fully resident in Canada. This describes the company’s stated location of those operations, but by itself does not establish a detailed data-governance framework or settle questions about future governance and access following a change in ownership. The transaction announcements do not publish such a framework.
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- Verifone VX520 with Smart Card generates new recurring revenues from value-added applications, thanks to an extraordinary increase in memory of 160 MB standard, increasing to over 500 MB
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BMO separately estimates that it will record an approximately C$620 million pre-tax gain, or C$600 million after tax, on closing, and expects a roughly 15-basis-point improvement in its pro forma CET1 ratio. These are BMO’s forward-looking estimates, not additional amounts paid for Moneris or guaranteed outcomes.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.What the companies say about the transaction
Moneris President and CEO James Hicks called the agreement “an exciting next step in Moneris’ continued evolution as the company that powers Canadian commerce.” BMO Group Head Sharon Haward-Laird said that “For 25 years, Moneris has earned the trust of Canadian businesses by delivering secure, reliable and innovative payment solutions.”
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Francisco Partners Partner Peter Christodoulo said the firm sees “a significant opportunity to build on that foundation through continued investment in innovation, platform expansion and long-term growth,” while preserving Moneris’ Canadian identity and financial-institution relationships. These are statements by company representatives about the deal, not independent assessments of its likely effects.
Quick Recap
Deal summary
| Question | What the announcements say |
|---|---|
| Buyer | Francisco Partners |
| Sellers | BMO and RBC, Moneris’ joint owners |
| Announced consideration | Approximately C$2.0 billion in cash, split equally between the banks |
| Status | Definitive agreement announced August 10, 2026; subject to closing conditions and regulatory approvals |
| Expected timing | By the end of the first quarter of BMO and RBC’s fiscal 2027, as stated by the parties |
| Bank relationship after closing | New exclusive, long-term referral arrangements announced; full terms not stated |
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