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 A lack of competition has allowed inefficiencies to creep into the market due to aging or outdated technologies, processes, or policies.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

Flinks is excited to join Paytechs of Canada and be a part of their mission to increase competition in Canada’s payments sector. Canadian consumers stand to benefit from reduced transaction costs, and we believe Paytechs of Canada is a formidable agent of change to help our country get there

Yves-Gabriel Leboeuf,
CEO,
Flinks

“High entry barriers have contributed to a lack of competition in Canada. Being a member of PayTechs of Canada means that, together, we can drive positive change in the payments system and help Canada compete on a global scale.”

Harinder Takhar,
CEO,
Paytm Labs
Shawn Painter,
President, and Co-founder,
Cashflow.io

Check out our latest

The open banking report and “tsar”: possible reasons for delay

Posted in: Articles

We’ve been waiting for the advisory committee’s open banking report, as well as the appointment of an open banking “tsar,” for a long time. Everyone has been saying “any day now” for the past few months. So why the hold up?

Paytechs of Canada welcomes Cashflow.io as its newest member

Posted in: News

“Cashflow.io is trying to solve a big problem — late payments, which hurt cash flow and do disproportionate damage to smaller businesses in Canada,” says Laurence Cooke, chairman of the board of Paytechs of Canada. “Stepping up where our financial system is letting businesses down is what Paytechs of Canada is all about, so we’re proud to welcome Cashflow.io as our newest member.”

Competition and innovation won’t support themselves

Posted in: Articles

If you frequent the payments ecosystem’s hallways, you’ve already heard the chatter: there is a concern that the Bank of Canada will regulate fintechs like they oversee Payments Canada’s clearing and settlement systems and Interac’s e-Transfer service — out of public sight, out of public mind, and inclined to be more attuned to what could go wrong than to what could go right.