New Payments Rules Are Coming to Canada As The Bank of Canada Tries to Balance Innovation and Protection
Canada might seem like an easy first step into international expansion for U.S. companies, but they should not fall into the trap of thinking it is the 51st state.
In this episode, Ron Morrow, executive director of Supervision at the Bank of Canada, discusses the regulatory requirements around offering payments services there.
We discuss the role of the Bank of Canada, how regulations are written there, and the upcoming regulatory changes under the Retail Payment Activities Act.
If you want to learn more about the new Retail Payment Act, make sure to register for our Summer of Learning webinar with the Bank of Canada on August 16 at 3 p.m. eastern. Learn more and register at: Be Ready for Retail Payments Supervision (ipa.org).
This podcast was recorded on July 25, 2023. Things may have changed by the time you hear it.
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