Canada's Real-Time Rail:
Real Time, Real Possibilities.
About the Real-Time Rail
The Real-Time Rail, launching in the coming weeks, is Canada’s new real-time exchange and clearing and settlement payment system that supports instant, data-rich payments.
Real-time payments will transform Canada’s economy, giving businesses and consumers more transparency and access to their payments any day, any time. The Real-Time Rail will enable this transformation while ensuring transactions are safe and secure.
- 24/7/365 clearing and settlement
- Data-rich ISO 20022 messaging
- A platform for payment innovation
The RTR by the numbers:
$16 billion
generated in cumulative GDP gains over the next decade, according to recent research from the C.D. Howe Institute.
- $27 billion generated in cumulative GDP gains over the next 20 years.
- Over 9 in 10 Canadian bank accounts are targeted to be served by the RTR by Q3 2027.
- 60% of businesses are ready to adopt real-time payments.
- 52% of consumers are interested in real-time payments.
Understanding the Real-Time Rail
The RTR Participation Guide for PSPs
Download The Real-Time Rail Participation Guide for Payment Service Providers to learn more about the competitive advantage the Real-Time Rail offers.
Get the latest on the Real-Time Rail
Canada’s Real-Time Rail reaches another critical milestone: the start of industry solution assurance testing with participants. The RTR’s by-law and rules will be published this quarter and we continue to onboard new Payments Canada members.
