PayTechs of Canada

It’s time to better the Canadian payment experience. Join us.

Canada’s payments lag behind​

The Canadian payments services marketplace has been slow to introduce innovative products and services seen on the global stage. A lack of competition has allowed inefficiencies to creep into the market due to aging or outdated technologies, processes, or policies.

Our goals

In the interest of our members, Canadian consumers, businesses, and government, we are a not-for-profit association working to improve Canada’s national payments system. We have three primary strategic goals:

Offer greater choice

Have an Open Banking framework implemented in Canada.

Improve critical infrastructure

Have a modern payment system deployed, such as a Real-Time Rail.

Broaden payment access

Have PayTech firms directly participate in the payment system.

Member benefits

As a member, you have the opportunity to challenge roadblocks facing PayTech firms and drive change that will provide your business with unparalleled opportunities. You will be informed of industry updates impacting your business and receive exclusive access to information through our members-only portal.

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What our members have to say

“PayTechs represent an alignment with everyday Canadians that has been missing for much too long. It’s essential Canadians have their voice heard and PayTechs is the best vehicle to do so.”

Daniel Eberhard,
CEO,
Koho

“Payments must be regulated to remain efficient. Outdated and unnecessary regulations hinder innovation and payments system performance, but change is difficult. The PayTechs of Canada association has the expertise and breadth of experience to promote safe, innovative, and lower-cost payment services.”

Justin Ferrabee,
Investor/Advisor,
PayTech

“PayTechs of Canada helps keep us informed and engaged on legislative and regulatory developments that might impact Wise and our customers.”

Nick Catino,
Head of Policy & Campaigns (Americas),
Wise

Check out our latest

Paytechs of Canada talks access to payment systems, open banking with Senate committee

Posted in: News

Modern payments regulation. Access to payment systems. Open banking. These are the basic building blocks of a modern financial technology sector.

Paytechs of Canada welcomes Flinks as its newest member

Posted in: News

“An enabler of open banking and eliminator of frictions, Flinks is a big part of the revolution of financial services in Canada,” said Laurence Cooke, the chairperson of Paytechs of Canada’s board. “They’ve been just as active and ambitious in the crucial public policy conversations happening in Canada today, and so we’re proud to be able to add their capable and credible voice to our own.”

Open banking’s philosophical war is being waged on the foggy hill of context

Posted in: Articles

Depending on whom you ask, Canada is either lagging behind the world in open banking or leading it. In our post-truth world, It’s no surprise that people are describing so differently the same state of affairs. We need to get the story straight because the financial welfare of Canadians is no trivial thing.