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 A lack of competition has allowed inefficiencies to creep into the market due to aging or outdated technologies, processes, or policies.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

“As a fintech company, we actively invest in staying at the forefront of payments technology. PayTechs of Canada creates a forum that furthers the agenda of making the payments ecosystem robust, competitive, and progressive. We’re delighted to participate in this initiative.”

Sandeep Todi,
Co-founder & Chief Business Officer,
Remitr
In response to global drivers, PayTechs of Canada provides members a strong voice at the table with policy-makers to push for innovative solutions for Canada.
Suganthan Vishnu Krisnarajah,
CEO,
AptPay

“PayTechs of Canada is bringing forward an exciting and refreshing perspective to Canada’s payments ecosystem. They are driving positive changes and helping Canada compete on a global scale.”

Alex Liu,
CEO,
OTT Pay Inc.

Check out our latest

Open banking and payments modernization: running away from opportunity

Posted in: Articles

When it comes to open banking, Canada is putting off third-party payment initiation at its own peril. The federal government and its advisory committee have noted time and time again that the scope of their open banking review is limited to data mobility, making third-party payment initiation nothing more than a future possibility.

Want to promote responsible innovation? Start by promoting better questions

Posted in: Articles

Remember when Paul Krugman wrote about the effect the Internet would have on the economy? “By 2005, it will become clear that the Internet’s impact on the economy has been no greater than the fax machine’s,” he said in Time magazine in the late 1990s.

Paytechs of Canada encourage Minister of Finance to proceed with retail payments oversight and broader access to payment systems

Posted in: News

The Paytechs of Canada submitted a letter to the Minister of Finance, urging the federal government to proceed with retail payments oversight legislation and amendments to the Canadian Payments Act that would broaden access to national payment systems.