Bank of Canada registers first 300 payment service providers
Bank of Canada issued PSP registration under RPAA affecting Wealthsimple, Koho, Brim, Venn, Helcim, Trolley, ZayZoon, Zum Rails, Shopify on October 22, 2025.
- Primary
- Bank of Canada
- Counterparty
- Wealthsimple, Koho, Brim, Venn, Helcim, Trolley, ZayZoon, Zum Rails, Shopify
- Structure
- PSP registration under RPAA
- Date
- October 22, 2025
- Sub-sector
- Payments
First batch of 300 fintech PSPs registered under new Retail Payments Activities Act, enabling direct access to payment rails and Real-Time Rail infrastructure without bank intermediation.
Source: betakit.com