Transferring money between accounts is about to get faster in Canada
Summary
Payments Canada on Monday announced the launch of Canada’s Real-Time Rail (RTR) payment system, allowing consumers and businesses to send and receive payments instantly. Under development since 2015, Wealthsimple, Koho, Bank of America, and others can now access instant payments. Covered by 3 outlets: 3 are centre.
Automated summary picked from the outlets' own descriptions.
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Payments Canada Launches Long-Delayed Instant Payments System
The Bay Street Financial District in Toronto on Aug. 5, 2022. (Nathan Denette/The Canadian Press)
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Canada’s long-awaited Real-Time Rail payments system launches without Big Six banks
Under development since 2015, Wealthsimple, Koho, Bank of America, and others can now access instant payments. The post Canada’s long-awaited Real-Time Rail payments system launches without Big Six banks
- Payments Canada launches real-time rail payment system
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Transferring money between accounts is about to get faster in Canada
Payments Canada on Monday announced the launch of Canada’s Real-Time Rail (RTR) payment system, allowing consumers and businesses to send and receive payments instantly.
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