September 12, 2025 The evolution of how we pay for things New technologies new payments possibilities. Learn more about how these innovations can make purchases easier, but also introduce new risks. Content Type(s): Publications, The Economy, Plain and Simple Research Topic(s): Cyber security, Digital currencies and fintech, Digitalization, Financial services, Payment clearing and settlement systems, Retail payments supervision
September 8, 2025 Letter to Industry on Trust Tax Issue As of September 8, 2025, the Bank of Canada’s mandate to supervise Payment Service Providers (PSPs) under the Retail Payments Activities Act (RPAA) is in effect, including regulatory obligations related to operational risk and end-user funds safeguarding. The Bank and the Department of Finance have been made aware of possible unintended tax consequences for PSPs seeking to comply with the safeguarding requirements of the RPAA using the “in trust in a trust account” method. Content Type(s): Press, Announcements Research Topic(s): Retail payments supervision
September 8, 2025 Payment Service Providers are now under Supervision – Registry to follow Today the Bank of Canada’s mandate to supervise Payment Service Providers under the Retail Payment Activities Act came into effect. Content Type(s): Press, Announcements Research Topic(s): Retail payments supervision
September 8, 2025 Bank of Canada begins supervising Payment Service Providers Today the Bank of Canada’s mandate to supervise Payment Service Providers under the Retail Payment Activities Act came into effect. Content Type(s): Press, Announcements Research Topic(s): Retail payments supervision
August 8, 2025 Update on Payment Service Providers Registry On September 8, 2025, the Bank of Canada will begin to publish a list of Payment Service Providers (PSPs) that have been registered under the Retail Payment Activities Act, as well as the names of entities whose applications have been refused. Content Type(s): Press, Announcements Research Topic(s): Retail payments supervision
December 2, 2024 Bank of Canada publishes applicants’ list of retail payment service providers Media Relations Ottawa, Ontario The Bank of Canada today published the list of companies that have applied to be registered under the Retail Payment Activities Act (RPAA). Content Type(s): Press, Press releases Research Topic(s): Retail payments supervision
November 1, 2024 Bank of Canada Opens Registration Period for Payment Service Providers Media Relations Ottawa, Ontario The Bank of Canada said today it has opened the registration period for retail payment service providers (PSPs) that are subject to the Retail Payments Activities Act (RPAA). Content Type(s): Press, Press releases Research Topic(s): Retail payments supervision
May 30, 2024 Future-proofing our payments systems Speech summary Ron Morrow Payments Canada SUMMIT Toronto, Ontario Executive Director of Payments, Supervision and Oversight Ron Morrow talks about how payments have evolved in Canada and why it’s important to modernize our payment infrastructure. Content Type(s): Press, Speeches and appearances, Speech summaries Research Topic(s): Bank notes, Digital currencies and fintech, Payment clearing and settlement systems, Retail payments supervision