May 30, 2024
Learn about the Bank of Canada's role in supervising payment service providers—access our supervisory framework and supervisory policies and guidelines, and get the latest news.
On October 2, 2024, the Bank:
- amended its Criteria for registering payment service providers
- updated its How to complete a registration application: A step-by-step guide
- added further case scenarios
What we do
Know what we will and won’t do under our supervisory mandate.
Who we supervise
Find out which individuals and entities are subject to the Retail Payment Activities Act and must register with us.
Key milestones
Get an overview of what to expect as we prepare for the implementation of the Retail Payment Activities Act.
Supervisory framework
Registration
Learn about the registration requirements under the Retail Payment Activities Act and what will be expected of payment service providers.
Supervision
Know your requirements as a registered payment service provider and find out how we will assess compliance.
Resources
Supervisory policies and guidelines
Access all supervisory policies and guidelines on registration, supervision and enforcement related to the Retail Payment Activities Act and the Retail Payment Activities Regulations.
Glossary
Read the definitions of terms about retail payments supervision used in Bank of Canada supervisory policies and guidelines.
Stay informed
Newsletter
Sign up for our newsletter to receive the latest updates.
Upcoming events
Access a list of our information sessions—and find out how to sign up.
If you have questions about retail payments supervision or have any comments on this topic, contact us.
News
May 30, 2024
Laying bare the evolution of payments in Canada
Ron Morrow, Executive Director of Payments, Supervision and Oversight, talks about the evolution of payments in Canada, as well as the Bank’s new supervisory role for payment service providers.
Content Type(s):
Press,
Speeches and appearances,
Remarks
Topic(s):
Bank notes,
Digital currencies and fintech,
Payment clearing and settlement systems,
Retail payments supervision
November 28, 2023
Moving money with confidence: Canada’s new regime for retail payments supervision
Executive Director of Supervision Ron Morrow discusses the creation and coming into force of a new supervision regime to oversee retail payments.
Content Type(s):
Press,
Speeches and appearances,
Remarks
Topic(s):
Retail payments supervision