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 A lack of competition has allowed inefficiencies to creep into the market due to aging or outdated technologies, processes, or policies.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

We’re pleased to join Paytechs of Canada to support their important efforts to champion innovation and foster competition in the Canadian payments space.

Alice Davidson,
Chief Legal Officer,
Carta Worldwide

The deep involvement and expertise at Paytechs of Canada is a positive force for payments modernization in Canada and we are excited to participate with them in bringing innovation and global best practices to the benefit of Canada’s payments ecosystem.

Sandeep Todi,
Co-founder and CBO,
Truly Financial

Zum Rails has joined the Paytechs of Canada because we believe payments in Canada are at a crossroads, and we want a seat at the table to ensure the future of domestic payments stays focused and on track. We believe that there is limitless potential for Canadian Paytechs with even the slightest improvement on the existing payments rails, but it has remained relatively unchanged for decades.

Marc Milewski,
Co-Founder and CEO,
Zum Rails

Check out our latest

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In 2009, Paul Wells wrote that “Canadian politics will tend toward the least exciting possible outcome.” If change is exciting, then the lack thereof is boring. And the upshot of election 2021 is more of the same. The same goes for what election 2021 means for the fintech agenda. If Wells’ rule applies to the fintech policy agenda as well as it does to election 2021, then fintechs aren’t going to have it easy. Maybe fintech advocates should take a page from Wells’ book and make their agenda a little more boring, rather than exciting.

Paytechs of Canada welcomes Zum Rails as newest member

Posted in: News

“Zum’s payment gateway has it all, allowing businesses to pick the payment that’s affordable, secure, and fast,” said Laurence Cooke, chairperson of the board of Paytechs of Canada. “The safe and seamless movement of money is what keeps our economy going and growing, and so we’re excited to add Zum’s expertise to our collective voice.”

OnlyFans: the intersection of power, porn, and payments

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People don’t like to talk about payments legislation, but they do like to talk about power. Which is odd because payments legislation governs the movement of money, and control over the movement of money is a form of great power. Maybe the OnlyFans saga will finally open our eyes to the naked truth: that power over payments is power over everything.