Economy and macroUpdated November 9

Payments Canada launches the Real-Time Rail.

Payments Canada has announced the launch of the Real-Time Rail, a payment system built in Canada. The important distinction is who it’s for: participating financial service providers. Payments Canada says the system will let them clear and settle payments in real time, while presenting it as a platform for future innovation. So this is the underlying payment infrastructure coming into view—not an announcement that everyone can already make instant payments.

1 publisher1 report

Coverage started November 9