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  • Writer's pictureDeborah

On July 28, Payments Canada released its 2020-2024 Corporate Plan, highlighting a number of legislative and regulatory initiatives, including:

  • Introduction of the Retail Payments Oversight Framework (RPOF)

  • Review of the Canadian Payments Act

  • Consultation on the implementation of Open Banking

  • Assessment of the opportunity to issue Central Bank Digital Currency (CBDC)

The regulatory and policy landscape plays a central role in the transformation of the payments ecosystem and these initiatives may support greater payments competition and innovation to benefit all Canadians.

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