Payments Canada has approved five new members: Beem Credit Union, Ebury Partners Canada Limited, Shaype Canada Financial Limited, Libro Credit Union and Newton Crypto Ltd. The approvals bring the number of organizations joining Payments Canada in 2026 to 15 and expand the pool of eligible firms that can explore future participation in Canada’s national payment infrastructure, including the forthcoming Real-Time Rail. The membership growth follows legislative amendments to the Canadian Payments Act that broadened eligibility to payment service providers under the Retail Payment Activities Act, local credit unions that are members of a central, and clearing houses operating payment systems designated under the Payment Clearing and Settlement Act. Payments Canada also listed ten other organizations that joined in 2026: Wise Payments Canada Inc., Float Financial Solutions, KOHO Financial Inc., Element Financial Technology Inc., Brim Financial Inc., uSecure Escrow Solutions Inc., Neo Financial Technologies Inc., Meridian Credit Union and Tru Cooperative Bank. Participation in Payments Canada systems remains subject to technical, operational, security and other requirements linked to the relevant system and participation model.
Payments Canada2026-06-03
Payments Canada approves five new members bringing 2026 additions to 15
Payments Canada approved five new members, bringing 2026 additions to 15 and expanding the pool of firms eligible to explore future participation in national payment infrastructure, including the Real-Time Rail. The growth follows amendments to the Canadian Payments Act that broadened eligibility to payment service providers, local credit unions that are members of a central, and designated clearing houses, with participation still subject to technical, operational and security requirements.