Eric Paquet named President and COO of Motion Pay Technology

Payments’ executive joins start-up to grow Alipay and WeChat pay in Canada.

September, 18th,  2017 — Canadian mobile payment fintech Motion Pay Technology Inc. has appointed Eric Paquet as its first President and Chief Operating Officer (COO).

Paquet has served a total of 20 years in the Canadian payment industry including 10 years in banking.  Former Desjardins and National Bank of Canada executive, he was also a Board Member at the Interac Association, the largest debit card network in Canada, and the Vancouver-based Ficanex Services Corp., which operates The Exchange ABM network in Canada and the United States. He has contributed to payment working groups such as The Canadian Payment Task Force, the Code of Conduct for the Credit and Debit Card Industry in Canada, and The Reference model for mobile payments in Canada.

“We are excited to have someone with the depth and breadth of Eric’s practical payment expertise,” said Motion Pay Chief Executive Officer (CEO) and co-founder Riven Zhang. “Motion Pay is an integrated in-store, mobile and on-line payment platform empowering merchants to connect with Chinese consumers. With Eric’s insight we will be taking the company to another level,” said Zhang.

Motion Pay is a one stop total payment solution that enables Canadian merchants to accept China RMB cross-border payments with highly secured stand alone terminals. Chinese shoppers pay their purchases with China RMB in store thru their WeChat Pay or Alipay accounts by scanning the QR code on their mobile devices. China RMB are then automatically converted into a currency that local stores can accept.

“I look forward to bringing my payment experience to Motion Pay’s team,” said Paquet. “This company is well positioned to be part of the payment ecosystem’s transformation. Motion Pay brings to Canadian businesses convenient payment solutions that are win-win for the merchant and for their Chinese customers who can easily access their accounts in China through their mobile phone.”

Paquet holds a Financial Management Degree from Florida Southern College, and a Baccalaureat in Law from Laval University in Quebec City. He was called to the bar in 1995.

Motion Pay Technology Inc – www.motionpay.ca – is an Ottawa-based, high tech fully owned Canadian corporation which provides Canadian businesses with payment services designed to attract greater sales opportunities from the hundreds of thousands of Chinese who travel and live in Canada. Motion Pay is the leading provider for Alipay and WeChat Pay solutions in North America, and the first Canadian company to have working partnerships with them.

MEDIA CONTACT: 

Mr. Riven Zhang, CEO 

Phone: 613-319-6686 
Email:  Riven@MotionPay.ca

Eric Paquet, President and COO

Phone: 514-771-4000

Email:  Eric.Paquet@MotionPay.ca

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