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… needs.  Our work is underpinned by the Canadian Payments Act (CP Act), which sets out our legal framework, including … from players across the Canadian financial ecosystem. Banks, credit unions, fintechs and other financial services … the Retail Payments Activities Act (RPAA), overseen by the Bank of Canada and subject to the risk management …

… innovative and consumer-focused services meet their banking needs. Feedback from this process will be considered … Payments Canada has supported changes to the Competition Act and Competition Bureau to enable more competition and … Payment Activities Act (RPAA) and the expansion of the Bank of Canada’s mandate to provide oversight of Payment …

… that the legislative updates to the  Canadian Payments Act are working exactly as intended,” said Donna Kinoshita , … new entities join a broader  membership that includes the Bank of Canada, domestic banks and authorized foreign banks, life insurance …

… of the federal government to amend the Canadian Payments Act to broaden Payments Canada’s membership. Broader access … evolved since then. Digitization has had an incredible impact on all aspects of how we live, work, and play. Payments … or a transactional level, payments are an important banking service that enables our members to quickly, easily, …

… in the 2023 Fall Economic Statement Implementation Act . Payments Canada has submitted a written response to … Amendments to the Canadian Payments Act As the Bank of Canada proceeds with the implementation of RPAA, it … 1 Membership in Payments Canada is currently limited to banks, credit union centrals, and a select few other …