A Wealthsimple executive publicly criticized Canada’s protracted development of a real-time payment rail system at the recent Canada FinTech Forum, highlighting a significant gap between Canada's payments infrastructure and that of its global peers. This delay impacts Canadian FinTechs who are eager to innovate with faster payment capabilities and puts them at a competitive disadvantage compared to companies in other markets. It’s likely we will see continued pressure on Payments Canada and the government to accelerate the rollout, potentially through mandated participation.
Read the full article at BetaKit
Want to create content about this topic? Use Nemati AI tools to generate articles, social posts, and more.
Views13
Ali NematiBlogUI.author_articles
