The PayPod is Payments Canada’s multi-episode podcast which explores the trends and topics influencing payments in Canada and around the world. Hear Elizabeth D...
From the renewed momentum of the Real-Time Rail payment system, to the Retail Payments Activities Act, to open banking legislation and Canadian Payments Act amendments receiving Royal Assent, 2024 was a year of great change for payments in Canada. How will 2025 further advance modern payments for Canadians?
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26:39
The Canadian Payment Methods and Trends report and real-time payments
Payments Canada released its annual Canadian Payment Methods and Trends report in early October, which analyzes retail payment transactions. In 2023, that number was 21.7 billion. The report compares year-over-year payment method trends and also focuses on how payment innovation has evolved Canadian purchasing behaviours and preferences. Wearables, Generative AI (GenAI) and home device and social platform purchases figured prominently, but with real-time payments coming to Canada, how will the payment landscape adopt, adapt and change?
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22:35
The RTR, a team Canada approach to delivery and beyond
The real-time movement of money enabled by the RTR will give Canadians more control over their finances by allowing payments to be cleared and settled in seconds and providing greater confidence that payments have been finalized. In this episode of The PayPod, Payments Canada and the RTR’s strategic partners discuss collaboration, security, resiliency and how the made in Canada RTR system will change payments for all Canadians.
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20:02
Future trends in payments
From commercialization opportunities in real-time payments, to harnessing the power of ISO 20022, to the game-changing potential of AI, innovation is everywhere across today’s payment ecosystem, in Canada and around the globe. In this episode of The PayPod, we revisit a main stage discussion from The 2024 SUMMIT, where panelists explored the biggest developments in payments and predicted what we’ll be talking about in 2025.
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29:25
If you made a payment today, thank a rule!
Payments are becoming increasingly easier, smarter and safer for Canadian businesses and consumers. There are multiple enablers for this change - technology, innovation, consumer demand - but the real reason payments keep getting better and better are the rules and by-laws that form their foundation. How does a payment rule get created? Once it’s created, who governs it and who enforces it? Can a rule be changed? How many payment rules are there? On this episode of The PayPod, find out everything you’ve ever wanted to know and more about payment rules in North America from our guests, Debbie Barr of Nacha and Charlie Clarke of Payments Canada.
The PayPod is Payments Canada’s multi-episode podcast which explores the trends and topics influencing payments in Canada and around the world. Hear Elizabeth Dempsey, Lead, Event Content and Communications at Payments Canada and host of The PayPod, interview leading experts and respected thought leaders about the changing payments landscape, the needs of Canadians and the future of modern payments.