Payments Canada

Payments Canada is a non-profit organization responsible for the clearing and settlement infrastructure, processes, and rules that underpin the Canadian payments system. It is delegated by the Government of Canada to support the economy by facilitating the payment needs of consumers and businesses and is fully funded by the financial institutions that participate in its systems.

The organisation manages Canada’s payment clearing and settlement infrastructure, including associated systems, by-laws, rules, and standards. It operates with a primary focus on modernizing the national payments landscape to empower a new era of secure and efficient transactions. Payments Canada maintains a workforce distributed across six countries, including Canada, the United States, Mauritius, Mexico, and the United Kingdom.