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Dream Payments Opens Moncton Centre of Excellence, Hires 15 People

Dream Payments
Image: Dream Payments, YouTube

MONCTON – Toronto-based financial technology company Dream Payments announced Wednesday the opening of their Centre of Excellence in Moncton – the company’s first Canadian office outside of Toronto.

Dream Payments provides businesses with mobile point-of-sale solutions through its secure payments cloud and device- management platform. Dream is the world’s only mobile platform that enables Interac® Debit and Chip and PIN credit card payment terminals to be sold off-the-shelf. The company’s technology is also used by financial institutions and acquirers including Chase Paymentech to deliver user-friendly mobile payment solutions to their business customers.

Dream Payments CEO Brent Ho-Young said they opened an office in Moncton because they wanted to bring the majority of the technical team into one place, who had previously been in places like Russia and Vietnam.

Dream Payments CEO Brent Ho-Young; Minister of Finance Cathy Rogers; TD deputy chair Frank McKenna; Moncton Mayor Dawn Arnold and ONB CEO Stephen Lund at Wednesday’s announcement. Image: Submitted

“We made a conscious decision to build a centre of excellence in Canada,” Ho-Young told Huddle.

“We did a search of communities across Canada and interacted with the Opportunities New Brunswick team and they really showed us what New Brunswick was all about, how Moncton was really focused on helping businesses start and grow.”

“With working with them and understanding there were programs in place that could help us not only bring our people that were overseas to Moncton, but also help us hire, recruit and train in Moncton as well, it just made absolute sense for us to build our Centre of Excellence in Moncton.”

Dream’s Centre of Excellence, located on Main Street, will focus on continuously developing and improving the company’s payment technology.

“We will have our software engineers and software developers who are really focused on continuing to innovate and build up technology that allows businesses to use our payment solutions to accept payments and grow their business using mobile technology,” says Ho-Young.

Right now the office has 15 employees, but Ho-young says that Dream Payments will eventually be looking to hire more staff both locally and abroad.

“Our focus is to really find the best and brightest,” he says. “That includes working with the local community, working with the universities to really share what Dream is all about, and hopefully we can find lots of good talent here as well as continue to bring people from wherever they are around the world and have them based in Moncton as well.”