With more than 400,000 people immigrating to Canada every year to turbocharge economic growth , we ’ ll likely see that influx of people begin to add extra pressure on Canadian financial institutions and payment service providers to meet the demand for cheaper , faster payments – especially with crossborder payments .
The country is already incredibly diverse , with one of the largest foreignborn populations in the world . Canada has always embraced new cultures , right from the very beginning , Halder says . “ My parents immigrated here from a country hampered with social and political challenges ,” she explains .
“ In Canada , I got access to free education , free healthcare , and I ’ ve been able to take advantage of those tools to get me to where I am today . That is one of the reasons I spend a lot of time with minorities and with females to empower and enable them – because I got that opportunity .” fintechmagazine . com 85