Real-Time Rail — Payment service providers

Payment service providers

The Real-Time Rail is built with future functionality, allowing payment service providers to offer new real-time payment products and services to their clients 

 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

New participation

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


Find out more about the value of membership and how to become a participant in our systems


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