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Payments Canada has announced that, in collaboration with tech firms IBM and CGI, it will launch its Real-Time Rail system for fast digital payments as soon as 2026, after the initiative suffered a number of delays since it was first announced a decade ago.
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“While Canada trails behind other markets, the payments ecosystem now has a second-mover advantage. It can learn from other markets and time legislative changes with the rollout of the Retail Payments Activities Act, Canada’s consumer-driven banking framework.”
https://www.thebanker.com/Canada-announces-date-for-real-time-payments-system-launch-1713460612
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