Payments Canada welcomes Adyen Canada Ltd. as its newest member
Payments Canada membership continues to grow with the addition of payment service provider Adyen Canada Ltd.
Adyen’s inclusion in our membership highlights the shifting momentum within the Canadian financial landscape. As Payments Canada’s membership becomes more diverse, it paves the way for an increasingly competitive and inclusive payment ecosystem where all Canadian consumers and businesses can thrive.
“Welcoming a global fintech leader like Adyen as our sixteenth new member this year proves that the legislative updates to the Canadian Payments Act are working exactly as intended,” said Donna Kinoshita, Chief Payments Officer at Payments Canada. “By expanding membership eligibility, we are driving inclusivity and bringing more diverse perspectives to the table. We are also broadening access to our national payment infrastructure to more members who are qualified and choose to participate — enabling them to deliver innovative solutions that ultimately enhance productivity and prosperity across the Canadian economy.”
Following legislative updates made to the Canadian Payments Act in 2025, the organization now welcomes payment service providers as defined in the Retail Payment Activities Act, credit union locals that are members of a central and clearing houses of systems designated under the Payment Clearing and Settlement Act. These new entities join a broader membership that includes the Bank of Canada, domestic banks and authorized foreign banks, life insurance companies, securities dealers, money market mutual funds and other deposit-taking institutions.
"Joining Payments Canada is the culmination of our intentional efforts to grow in this market,” said Sander Meijers, Canada Country Manager for Adyen. “Our registration under the Bank of Canada's Retail Payment Activities Act paved the way to this moment, and membership now gives us a direct voice in shaping an ecosystem where competition, trust and innovation can thrive for fintechs, businesses and consumers alike. We are excited about our membership as this is the first step to unlocking the significant benefits of system participation – faster settlements, easier access to richer data and more security – for our merchants and partners in payments and money movement in general."
Payments Canada membership is a first step that opens up opportunities for eligible organizations to explore future participation on our systems, including Canada’s forthcoming Real-Time Rail (RTR). Payments Canada welcomes all eligible organizations to explore the benefits of membership by contacting us at info@payments.ca. A full list of current member organizations is available on our directory page.
About Adyen
Adyen is the financial technology platform of choice for leading companies. By providing end-to-end payment capabilities, data-driven insights, and financial products in a single global solution, Adyen helps businesses achieve their ambitions faster. With offices around the world, Adyen works with Uber, H&M, eBay, and Microsoft.
About Payments Canada
Payments Canada enables prosperity, productivity and safety for Canada through trusted, critical national payment infrastructure. As a public-purpose, not-for-profit organization, we own and operate Canada’s critical national payment systems: Lynx, our high-value payment system; the Automated Clearing Settlement System (ACSS), our retail batch payment system; and the forthcoming Real-Time Rail (RTR). We establish the by-laws, rules and standards that govern these systems, which cleared and settled $103 trillion in 2025 — more than $411 billion every business day. Transactions that pass through our systems include debit card payments, pre-authorized debits, direct deposits, bill payments, wire payments and cheques. In collaboration with our diverse membership, we continue to modernize Canada’s payment ecosystem to promote innovation, competition and deliver efficiencies that power a modern economy.
For media inquiries, please visit Payments Canada’s media centre.
