Everyday People Financial Corp. have taken a big step toward shaping the future of financial technology in Canada. The two companies have entered into a new partnership through a Management Services and Program Management Agreement, signed on October 22, 2025. Together, they’ve formed a joint subsidiary called Everyday People Payments Inc., which will oversee operations, compliance, and technology for XTM’s Canadian card and digital wallet programs. The agreement will last for five years to start and automatically renew, ensuring a long-term collaboration built on shared goals.
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At its core, this partnership is about combining strengths to create something truly transformative. By bringing XTM’s innovative payment solutions under EPF’s Digital Commerce Bank (DC Bank) platform, the two companies are building one of Canada’s most complete fintech ecosystems. From earned wage access and corporate disbursements to digital wallets, this partnership promises to make financial transactions simpler, faster, and more accessible for people and businesses across the country.
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For Gordon J. Reykdal, Executive Chairman of Everyday People Financial Corp., this collaboration is about more than just technology it’s about connection and long-term vision. “This partnership accelerates our strategy to deliver a unified, scalable, and compliant payments infrastructure across North America,” Reykdal shared. “By combining XTM’s client base and technology with EPF’s regulatory, operational, and banking framework, we’re unlocking high-margin recurring revenues and creating lasting value for both companies and their shareholders.”
On the other side, Marilyn Schaffer, CEO of XTM Inc., highlighted how the partnership allows her company to focus on what it does best expanding and innovating. “Partnering with EPF ensures that our programs run on one of the most trusted and compliant infrastructures in Canada,” she said. “It also means our clients and their employees can look forward to new features, including lending, while we focus on expanding gig-payments and earned wage access to new markets.”
Schaffer also noted that the deal brings immediate financial benefits, helping XTM strengthen its balance sheet, reduce debt, and sustain long-term growth.
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Beyond the business terms, this partnership represents a shared commitment to innovation and inclusion in the financial world. Everyday People Financial Corp. and XTM are not just merging systems — they’re uniting missions. Together, they’re creating a smarter, more connected way for Canadians to manage and move their money, where technology meets trust, and progress meets purpose.
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