Payment Source Teams Up With Amazon to Launch Amazon Cash at Canada Post Locations Across Canada

TORONTO, Nov. 14, 2017 /CNW/ - Today, Payment Source, the premier alternative payment provider in Canada, announced that customers across Canada can now visit any Canada Post retail location to add cash to their Amazon.ca balance using Amazon Cash, powered by Payment Source's award winning Loadhub pay-in-person solution.

"Offering Canadians a convenient way to pay for online purchases with cash or debit is a key step towards financial inclusion," says Trevor Cook, CEO of Payment Source. "The benefits of ecommerce should not be restricted to Canadians with access to a credit card. Amazon Cash brings that online shopping experience to everyone."

According to a Smart Insights survey, 59 percent of Canadians will abandon their online shopping cart because their preferred payment method isn't available and 40 percent would have more confidence in the etailer if there was more than one payment method. Loadhub's omni-channel payment technology is available at 6,000 Canada Post locations across Canada, ensuring that Amazon Cash is accessible to 98 percent of the country's population.

To use Amazon Cash, customers can visit amazon.ca/cash to receive a barcode linked to their account. They bring this barcode to any Canada Post location, where the Loadhub platform enables them to pay in person with cash or debit to add funds to their Amazon.ca account.

Learn more about Payment Source at www.paymentsource.ca.

About Payment Source Inc.

Payment Source is the premier alternative payments provider in Canada. Offering white label payment solutions and customized card services to enterprises, digital businesses, and government organizations, Payment Source has an unmatched retail distribution network across Canada. Whether it's in-person payments, mobile wallets, general purpose reloadable cards, travel prepaid cards, mobile top-ups, or gift cards, Payment Source creates the ideal customized alternative payment program for organizations of all sizes by enabling its partners to reach and service new customers and markets.

SOURCE Payment Source

Jamie Gillingham, Account Manager, Eighty-Eight, [email protected], 416.460.1668; Allison Cutler, Director, Marketing & Communications, Payment Source, [email protected], 416.255.8897