[News](https://www.payments.ca/insights/news-research?field_article_type=24) # Ontario government supports modern payments November 2, 2023 On November 2, 2023, the Ontario Government released its Fall Economic Statement (FES), [Building a Stronger Ontario Together](https://budget.ontario.ca/2023/fallstatement/pdf/2023-fall-statement-en.pdf), which included support for payment modernization. “Payments Canada thanks the Ontario government for recognizing the value that modern payments have for Canadians, Canadian businesses and the economy,” said Donna Kinoshita, Chief Payments Officer at Payments Canada. “Modern payments require modern payment legislation, including amendments to the *Canadian Payments Act* to broaden access to Canada’s payment infrastructure. Broader access will foster economic stability and affordability through improved innovation and access in Canada’s financial ecosystem. We continue to be hopeful that these critical changes to the *Canadian Payments Act* will be reflected in the federal government’s upcoming Fall Economic Statement”. Leaders from across the financial sector have been calling for vital changes to the [*Canadian Payments Act*](https://www.payments.ca/coalition-leading-industry-stakeholders-voice-continued-support-vital-canadian-payments-act) to broaden Payments Canada’s membership and participation on our systems. By broadening access to include payment service providers, credit union locals, and operators of financial market infrastructures that meet regulatory and legislative requirements, the Government of Canada will foster greater choices and innovation, laying the foundation for important benefits and opportunities for people across the country. For small businesses that continue to struggle with the cost of accepting payments, broader access may lead to lower overall operating costs. For consumers, it could mean more inclusive, accessible and affordable payment options. Learn more about the benefits and opportunities broader access will provide: Explainer: [Why is the financial industry calling for changes to the *Canadian Payments Act*?](https://www.payments.ca/explainer-why-financial-industry-calling-changes-canadian-payments-act) ![Share icon](https://www.payments.ca/modules/contrib/share_everywhere/img/share-icon.svg) - [](https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Fwww.payments.ca%2Fontario-government-supports-modern-payments) - [](https://x.com/intent/tweet?text=&url=https%3A%2F%2Fwww.payments.ca%2Fontario-government-supports-modern-payments) - [](https://www.linkedin.com/shareArticle?mini=true&url=https%3A%2F%2Fwww.payments.ca%2Fontario-government-supports-modern-payments) [Return to newsroom](https://www.payments.ca/insights/news-research) ## Keep reading [ ![placeholder.png](/sites/default/files/styles/article/public/placeholder.png?h=5dafd208&itok=qKDbzxAp) News October 1, 2026 ### Payments Canada welcomes six new members as expanded membership... Twenty-two new members have joined since 2025 regulatory changes — a necessary step for those seeking access to critical national payment infrastructure, including the forthcoming Real-Time Rail... ](https://www.payments.ca/payments-canada-welcomes-six-new-members-expanded-membership-eligibility-reaches-one-year-milestone)[Learn more](https://www.payments.ca/payments-canada-welcomes-six-new-members-expanded-membership-eligibility-reaches-one-year-milestone) [ ![placeholder.png](/sites/default/files/styles/article/public/placeholder.png?h=5dafd208&itok=qKDbzxAp) News September 25, 2026 ### Payments Canada names Stephan Orzechowski as Vice President... Payments Canada is pleased to announce the appointment of Stephan Orzechowski as Vice President, Strategic Partnerships and Business Transformation. Stephan will lead strategic vendor partnerships... ](https://www.payments.ca/payments-canada-names-stephan-orzechowski-vice-president-strategic-partnerships-and-business)[Learn more](https://www.payments.ca/payments-canada-names-stephan-orzechowski-vice-president-strategic-partnerships-and-business) [ ![placeholder.png](/sites/default/files/styles/article/public/placeholder.png?h=5dafd208&itok=qKDbzxAp) News July 27, 2026 ### ACSS rule changes enhance payment system processes Updates provide expanded definitions and process efficiency Payments Canada has implemented a series of administrative and operational amendments to the Automated Clearing Settlement System (ACSS)... ](https://www.payments.ca/acss-rule-changes-enhance-payment-system-processes)[Learn more](https://www.payments.ca/acss-rule-changes-enhance-payment-system-processes)