Business
Olympia Financial Group Inc. Announces Sale of Olympia Currency and Global Payments Inc.
Calgary, Alberta--(Newsfile Corp. - March 23, 2026) - Olympia Financial Group Inc. (TSX: OLY) ("Olympia") announced today that it has entered into an agreement to sell its wholly owned subsidiary, Olympia Currency and Global Payments Inc. ("OCGPI"), to Shift Connect Ltd. ("Shift Connect"). OCGPI is a boutique foreign exchange and global payments business providing customized currency exchange and cross-border payment solutions to individuals and small- and mid-sized businesses across...
About this update from Global Payments Inc.
[{"type":"text","content":"Calgary, Alberta--(Newsfile Corp. - March 23, 2026) - Olympia Financial Group Inc. (TSX: OLY) ("Olympia") announced today that it has entered into an agreement to sell its wholly owned subsidiary, Olympia Currency and Global Payments Inc. ("OCGPI"), to Shift Connect Ltd. ("Shift Connect").","length":320,"tagName":"p"},{"type":"text","content":"OCGPI is a boutique foreign exchange and global payments business providing customized currency exchange and cross-border payment solutions to individuals and small- and mid-sized businesses across Canada.","length":205,"tagName":"p"},{"type":"text","content":""This transaction allows Olympia to sharpen its strategic focus while ensuring that Olympia Currency and Global Payments is well positioned for its next phase of growth," said Craig Skauge, Executive Vice President of Olympia, "We are confident that Shift Connect is a strong partner for the business, its clients, and its employees."","length":354,"tagName":"p"},{"type":"text","content":"Shift Connect Ltd. is a Canadian financial services company with a focus on digital payments and financial technology solutions. The acquisition of OCGPI further reinforces Shift Connect's position as a trusted Canadian financial services provider, known for its deep industry experience, strong banking relationships, and high-touch client service.","length":353,"tagName":"p"},{"type":"text","content":"Clients of OCGPI can expect continuity of service, with no immediate changes to day-to-day operations as a result of the transaction. In addition, clients can look forward to enhanced capabilities, including access to more currencies, expanded banking relationships, and elevated global payment infrastructure though Shift Connect.","length":331,"tagName":"p"},{"type":"text","content":"The transaction is subject to Bank of Canada approval under the Retail Payment Activities Act (Canada) and customary closing conditions. It is anticipated that the transaction will be completed on before March 31, 2026.","length":219,"tagName":"p"},{"type":"text","content":"About Olympia Financial Group Inc.","length":34,"tagName":"p"},{"type":"text","content":"Olympia Financial Group Inc. ("OFGI") conducts most of its operations through its subsidiary Olympia Trust Company, a non-deposit taking trust company. O...