RBC and BMO Plan Sale of $2 Billion Canadian Payments Venture

Royal Bank of Canada and BMO are reportedly planning to sell their $2-billion Canadian payments venture. The joint venture provides payment processing services to businesses and individuals. The sale is likely to be a significant move in the Canadian payments industry and could attract interest from various buyers, including private equity firms and other financial institutions.

Royal Bank of Canada (RBC) and Bank of Montreal (BMO) are reportedly planning to sell their Canadian payments joint venture, valued at up to $2 billion. The joint venture, known as Moneris, is one of the largest payment processors in Canada, handling one in every three business transactions in the country [3].

Moneris offers digital, mobile, and in-store payment systems for approximately 325,000 merchant locations. The joint venture generates nearly $700 million in annual revenue. The sale is likely to be a significant move in the Canadian payments industry and could attract interest from various buyers, including private equity firms and other financial institutions [3].

The sale is not guaranteed, and the owners could ultimately retain some or all of the business. Boutique investment bank PJT Partners, along with investment bankers from RBC Capital Markets and BMO Capital Markets, are advising on the sale effort. Both RBC and BMO declined to comment on the report [3].

The decision to sell Moneris comes at a time when many banks have been shedding their payments businesses. This trend is driven by the need to regularly invest capital to remain competitive in the rapidly digitizing North American payments industry. The sale of Moneris could signal a broader trend in the industry, with banks seeking to focus on their core competencies while divesting non-core assets [3].

References:
[1] https://www.marketbeat.com/instant-alerts/bmo-capital-markets-issues-positive-forecast-for-rb-global-nyserba-stock-price-2025-08-07/
[2] https://www.theglobeandmail.com/business/article-bmo-exploring-sale-of-transportation-finance-arm-for-about-1-billion/
[3] https://www.tradingview.com/news/reuters.com,2025:newsml_L6N3U60L7:0-rbc-bmo-planning-sale-of-2-billion-canadian-payments-venture-sources-say/