Payments Canada published its quarterly update on the Real-Time Rail (RTR) programme, highlighting expanded membership eligibility and key testing progress. Following amendments to the Canadian Payments Act, Payments Canada formally welcomed its first wave of payment service provider (PSP) members and its first provincial credit union member. The first PSP members are Wise, KOHO, Float, Paramount Commerce and Brim Financial, alongside Meridian as the first provincial credit union member. On delivery milestones, user acceptance testing was completed in Q1 2026, and a series of non-functional tests launched in February and is continuing through Q2, focusing on performance, resilience and security. Payments Canada said its Q2 work is centred on preparing for Industry Testing and Operational Readiness, including staffing, process design and tooling implementation. Progress on the RTR will be showcased at the 2026 Payments Canada SUMMIT on May 5 to 7.
Payments Canada 2026-04-15
Payments Canada welcomes first payment service provider members and advances Real-Time Rail testing
Payments Canada issued its quarterly update on the Real-Time Rail programme, highlighting expanded membership eligibility and the onboarding of its first payment service provider members and first provincial credit union member. The update also notes completion of user acceptance testing in Q1 2026 and ongoing non-functional testing through Q2 focused on performance, resilience and security, alongside preparations for industry testing and operational readiness.