Payments Perspectives

Welcome to Payments Perspectives - a series of articles authored by individual staff members from Payments Canada and guest contributors, that cover a range of payments-related topics and issues. The series also welcomes and encourages you, the reader, to submit comments and suggestions on ideas put forward in this series to help shape and progress the discussion. 

Please contact research@payments.ca if you have any questions or if you would like to contribute to our series.

DISCLAIMER: Articles are written to reflect the interests and views of the author(s), and are not intended as an official Payments Canada statement or position. Furthermore, all commentary will be moderated and reviewed before posting and will be subject to standard community rules and guidelines.

March 12, 2020
Summary 1 A Central Bank issued Digital Currency (CBDC) is essentially like a cryptocurrency (i.e. Bitcoin) created by a central bank to either replace or work in conjunction with the existing fiat currency of the nation. News items on... Read more about Central Bank issued digital currencies: a global trend
February 18, 2020
Summary The usage of mobile phones to make payments continues to rise in both the online and offline point-of-sale (POS). 1 We expect this trend to accelerate with the introduction of open banking, ubiquitous digital ID and strong... Read more about Changing the channel: mobile is taking over the online and offline point-of-sale
November 26, 2019
Summary With cross-border transactions having accounted for $23.7 trillion globally in 2018, the bulk of which consisted of corporate payments, the need for payments systems operators and payment service providers to facilitate seamless... Read more about How cross-border payments are evolving
August 12, 2019
Summary Recently, we have seen significant discussions in payments literature regarding countries moving towards becoming cashless societies. In Canada, electronic payment alternatives to the use of cash have flourished, in the form of... Read more about Is Canada moving towards a cashless society?
June 20, 2019
Summary Canada’s Department of Finance released a consultation paper earlier in 2019 to examine the merits of introducing an open banking framework in Canada. An open banking framework would give Canadians more control over their financial... Read more about Open banking for the common good?
June 5, 2019
Summary These are interesting times in the world of payments. Never have Canadians had so many options to pay (and be paid) for goods and services. From cash and debit card, to cheque and credit card, to electronic funds transfer and wire... Read more about Introducing the Bitcoin Sentiment Tracker
May 3, 2019
Summary The payments industry is already the locus of significant change in financial services. This pace will accelerate in coming years as developments in digital ID, security, data and privacy, user expectations, and technological... Read more about 19 reasons why mobile phones will dominate payments
April 2, 2019
How modernized legal frameworks can accelerate data-driven innovation: Challenges and opportunities 1 Summary In an increasingly information-driven world, legal frameworks governing the sharing and use of data in payment services — and... Read more about Data laws for the digital age
December 13, 2018
Summary This piece provides a summary of the key factors that drive the emergence of tiered relationships in payment systems and other financial market infrastructures. More specifically, the piece highlights key considerations surrounding... Read more about Economics of tiered participation in payments
December 11, 2018
Summary The global payments landscape continues to evolve in line with the commercial demands of businesses and their stakeholders. While resources devoted to payments processing by Canadian businesses are estimated to have declined... Read more about Business payments in Canada: a trilogy of surveys point to inefficiencies

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