Expanded real-time payment participation
Once the Canadian Payments Act is amended to expand access to Payments Canada systems, Payment Service Providers will be eligible to become members of Payments Canada and apply to become Real-Time Rail Participants.
Develop competitive services
Payment Service Providers can develop new innovative services that use the Real-Time Rail to offer new products to Canadian businesses and consumers
Expanded access through changes to the Canadian Payments Act will allow more regulated entities like payment service providers to become participants
Create new market opportunities
The more participants and safe innovation opportunities for Canadian consumers and businesses, the more Canadian businesses can compete domestically and globally
Payments Canada continues to advocate for modern payment legislation
Payments Canada will continue to support our members and the payment ecosystem in our shared objective of a modern payment regulatory framework that benefits Canadian businesses and consumers.
Payments Canada calls for broader access to payment infrastructure in response to federal pre-budget consultation
Proposed legislative amendments will support safe innovation for the benefit of Canadians.