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 A lack of competition has allowed inefficiencies to creep into the market due to aging or outdated technologies, processes, or policies.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

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What our members have to say

“Canada can be a global leader in financial technology, and PayTechs of Canada is the catalyst that unites Canada’s most innovative PayTechs.”

Jim Hinton,
Founder,
Own Innovation

“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

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

Check out our latest

Paytechs of Canada welcomes EQ Bank as its newest member

Posted in: Articles

“EQ Bank is excited to be joining Paytechs of Canada,” said Kartik Kamat, senior director of digital banking strategy and payments. “In coming together with other Canadian banks, fintechs and paytechs through this organization, we can collectively advocate for positive change in the payments ecosystem.”

Is the fintech policy agenda overrated or underrated? It depends on who’s asking

Posted in: Articles

By some measures, the fintech policy agenda is overrated. It’s stuck in the late 2000s, for example, still struggling to modernize payment systems and data-sharing in the financial sector. Though Canada must finish the job, the risk is that by the time we do we’ll have another set of problems we haven’t even begun to deeply think about.

Paytechs of Canada welcomes Central 1 as its newest member

Posted in: News

“Central 1 is the go-to partner for fintechs and paytechs that want to connect with financial institutions across Canada,” said Arvind Sharma, Central 1’s Chief Payments and Digital Officer. “We are looking forward to working with the members of Pay Techs of Canada to bring their innovations to market.”