CALGARY, Alberta--(BUSINESS WIRE)-- Pateno Payments Inc. (“Pateno”) today announced the closing of the acquisition of certain assets of XTM Inc. (“XTM”), including the EveryDay payment program and software (the “EveryDay Program”).
The transaction was approved by the Ontario Superior Court of Justice (the “Court”) on September 1st, 2026, as part of XTM’s proceedings under the Companies’ Creditors Arrangement Act (“CCAA”). Upon closing, Pateno owns and operates the EveryDay Program. Pateno is a registered Payment Service Provider with the Bank of Canada, and operates in accordance with the Retail Payment Activities Act (Canada) (the “RPAA”). The company is committed to operating the platform responsibly and maintaining reliable, secure payment disbursement services.
The EveryDay Program enables Canadian businesses, particularly those in hospitality and other service industries, to distribute tips and other approved payments digitally. Subsequent to closing, Pateno intends to rebrand the current EveryDay program and continue operation under the “GratiaPay” brand, with a focus on dependable service, clear communication and an improved experience for merchants and cardholders.
“Our priority is to provide stability and continuity for the businesses and workers who depend on this platform,” said Pamela Draper, President of Pateno Payments Inc. “GratiaPay represents a fresh start, with new ownership and management, supported by a strong operational and compliance foundation and experience.”
GratiaPay branding will be introduced across merchant and wallet-holder portals, program communications, and new physical and virtual cards. Pateno intends to make the transition as seamless as possible while maintaining access to the platform and program services.
About Pateno Payments Inc. Pateno Payments Inc. is a Canadian payments company. Pateno provides payment solutions that help businesses move funds efficiently and securely. Through GratiaPay, Pateno supports digital tip and payment distribution for businesses and their workers.
About GratiaPay GratiaPay is a digital payment disbursement platform for Canadian businesses. The platform helps businesses distribute tips and other approved payments digitally and provides workers with convenient access to funds through the GratiaPay card. GratiaPay is operated by Pateno Payments Inc.
