# 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

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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.

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**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











 

 



MEMBERSHIP AT PAYMENTS CANADA

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

[Learn more](/node/191 "Members")



 



 



 

 

## Learn More



 [ ![placeholder.png](/sites/default/files/styles/card_image_small/public/placeholder.png?h=5dafd208&itok=tfPAcwN_)

### 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.



Learn more

 ](https://www.payments.ca/payments-canada-continues-advocate-modern-payment-legislation)

 [ ![placeholder.png](/sites/default/files/styles/card_image_small/public/placeholder.png?h=5dafd208&itok=tfPAcwN_)

### 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.



Learn more

 ](https://www.payments.ca/payments-canada-calls-broader-access-payment-infrastructure-response-federal-pre-budget)

 [ ![placeholder.png](/sites/default/files/styles/card_image_small/public/placeholder.png?h=5dafd208&itok=tfPAcwN_)

### Wealthsimple Q and A: Access, innovation and the future of payments in Canada



Payments Canada speaks with Hanna Zaidi, Chief Compliance Officer for payments at Wealthsimple, about becoming a Payments Canada member, being granted a direct settlement account at the Bank of Canada...



Learn more

 ](https://www.payments.ca/wealthsimple-q-and-access-innovation-and-future-payments-canada)