Governments can immediately distribute benefits, rebates or refunds to individuals.
The Real-Time Rail delivers instant, 24/7 fund transfers that maximize government responsiveness, streamline service delivery and put money directly into the hands of those who need it most. Canadians and Canadian businesses receive government payments instantly during emergencies rather than physical mail and clearing times delaying access to critical funds.
Leverage government disbursements
To leverage this use case, both the sending and receiving financial institutions and the government’s accounting system must be enabled to use Canada’s Real-Time Rail. Contact your Payments Canada relationship manager or email info@payments.ca to learn how your financial institution or payment service provider can adopt the forthcoming Real-Time Rail.