Paytechs of Canada welcomes EQ Bank as its newest member

Paytechs of Canada is thrilled to announce that EQ Bank has joined the association.

“EQ Bank has shown that you don’t have to be a fintech to get behind policy priorities that make Canadian consumers and businesses better off,” said Laurence Cooke, chairperson of the board of Paytechs of Canada. “Canada is full of forward-thinking banks, and so we’re proud to welcome one of Canada’s best to our ranks.”

The association continues to grow as the government and industry continue their respective work on open banking and payments modernization.

“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.”

“Challenging the current status of payments in Canada goes hand in hand with our interest in collaborating with other association members on integrating their Canadian growth strategies through our prepaid card and real-time payments infrastructure,” added Kamat. 

About EQ Bank

Committed to finding better, smarter ways of doing things, EQ Bank strives to transform the way banking has always been done. EQ Bank is a trademark of Equitable Bank, which manages more than 37 billion in assets and has grown to become the country’s ninth largest independent Schedule I bank, serving more than a quarter million Canadians. EQ Bank has more than $6 billion in deposits and is committed to bringing smarter banking solutions to Canadians.

About Paytechs of Canada

Established in May 2019 as a not-for-profit member association, Paytechs of Canada is the harmonized voice for technology companies that hold and move money operating in Canada. Our membership is growing and diverse, inclusive of consumer-facing financial technology companies, business-to-business payment processors, payment network operators, and financial institutions, among others.

Explore More Resources

Leadership in Canada’s payments system

Posted in: Articles

By Doug Kreviazuk, Executive Director, PayTechs of Canada: For more than two decades, national payments systems around the world have been transforming: transforming their infrastructure and scope of activities.  Numerous countries have used payments modernizations to drive greater efficiencies and, in return, create opportunities for their economies to grow and allow businesses and consumers to reap greater benefit.

Paytechs of Canada welcomes ThetaRay as its newest member

Posted in: News

“High entry barriers and reliance on legacy AML rules-based architecture have contributed to a lack of competition in Canada,” said Idan Keret, CCO of ThetaRay. “Being a member of PayTechs of Canada means that, together, we can drive positive change in the payments system and help Canada, its citizens, and the wider fintech ecosystem compete on a global scale.”

OnlyFans: the intersection of power, porn, and payments

Posted in: Articles

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.