Payments Canada - News, Articles & Research

Canadian government urged to open up access to payment systems

A host of financial organisations have sent a joint letter calling on Canada's minister of finance to open up access to the country's payment systems to local credit unions and payment service providers.

19 December 2022

News/payments

Canada latest to delay ISO 20022 migration

Canada's high-value payment system's move to ISO 20022 will be delayed until March in order to keep in step with the recently postponed migration to the message standard by Swift and the Eurosystem.

03 November 2022

News/payments

Canada's real-time payments system's launch delayed

The launch of Canada's Real-Time Rail (RTR) payments system has been pushed back from the middle of next year to an as yet undetermined date.

14 October 2022

Company announcement/payments

Pandemic changes long-term payment preferences for 43% of Canadians

Today, Payments Canada released its annual Canadian Payment Methods and Trends 2022 report, which analyzes 19.7 billion payment transactions made in 2021, totalling $10.8 trillion, and highlights trends that are transforming the Canadian payment landscape.

07 October 2022

Event/payments

On-Demand Webinar - Payments Modernisation: Innovating across borders

Watch our on-demand webinar with Volante Technologies, as our panel of industry experts discuss how ISO 20022 migration impacts the evolution of cross-border payments.

Speakers from: NatWest, Volante Technologies, Payments Canada, JP Morgan

14 June 2022 594

News/payments

TCS named integration lead for new Canadian real-time payments system

Payments Canada has picked Tata Consultancy Services (TCS) as the integration lead for the country's new real-time payment system.

05 April 2022

Company announcement/payments

Canadians cautiously optimistic about financial outlook – but continue to tighten spending

Despite the economic turbulence from the pandemic, new data from Payments Canada indicates that Canadians feel that the worst may be behind them and are cautiously optimistic about their financial well-being.

05 November 2021

Company announcement/payments

Pandemic sparks evolutionary year for Canadian payment landscape

Today, Payments Canada reveals its annual Canadian Payment Methods and Trends 2021 report, which analyzes 20 billion payment transactions made in 2020, totalling $9.4 trillion, and discusses trends that are transforming the Canadian payment landscape.

29 September 2021

News/wholesale

Canada's high-value payment system launches

Payments Canada has launched Lynx, the country's new high-value payment system, which has been built with technology partners IBM and SIA.

01 September 2021

Company announcement/payments

More than half of Canadians experience payments friction

Consumer payment options and frictionless transactions are critical to drive business advantage in an era of digital payments — Canadians seek more payment choices, including to pay bills and taxes.

19 August 2021

News/payments

EBAday 2021: Payments transformation and the road to success

Finextra Research and the Euro Banking Association today welcomed the global banking community to EBAday 2021. Running from 28-30 June, the virtual conference is being led by some of the most influential leaders and practitioners in the financial services sector, and dives into the current and future trends of the European and international payments landscape – as well as the latest developments across digital banking, liquidity management, open banking, real-time payments, and more.

28 June 2021

Company announcement/covid-19

Canadians still spending less than pre-Covid; digital-first mindset here to stay

Payments Canada released the latest data on Canadian payments trends since the onset of COVID-19, showing that spending below pre-pandemic levels continues, and that Canadians demonstrate an ongoing reluctance to handle cash, payment terminals and ATMs.

09 March 2021