Karsten Wenzlaff, Advisor
August 26th, 2025
Karsten Wenzlaff is a Crowdfunding and Fintech Expert from Germany. He is Secretary-General of Digit[...]
Final Retail Payment Regulations Released Paving Way For Implementation
Payments Regulation | Nov 24, 2023
Image: Pexels/Breakingpic
The final regulations for the Retail Payment Activities Act (RPAA) have been published in the Canada Gazette, Part II.
These regulations help clarify the details of the legislation and outline the intentions of the law. Payment service providers (PSPs) will be required to register with the Bank of Canada starting on November 1, 2024.
The Bank’s related supervisory requirements will follow in September 2025. More information is now available.
More resources:
- Canada’s New Retail Payment Regulations: Registration and Compliance
- Summary: This article explores Canada's Retail Payment Activities Framework, impacting PSPs in 2024. It discusses compliance, exemptions, and its effect on the fintech sector.
- Published: Nov 16, 2023
- Read more
- Preparing for Retail Payment Act Changes
- Summary: Discusses the final regulations under the Retail Payment Activities Act in Canada, expected to be published in the Canada Gazette II, and the significant changes and preparations in retail payments supervision.
- Read more
- Regulatory Consultation (Feedback by March 28, 2023): Retail Payment Activities Act (RPAA)
- Summary: Covers the Department of Finance Canada’s proposed regulations on the RPAA, published for public comment, and the importance of the public comment period.
- Read more
- McCarthy Tetrault: Fintech Regulatory Developments: 2021 Year in Review
- Summary: Discusses the introduction and enactment of the Retail Payment Activities Act (RPAA) in 2021, including requirements for payment service providers in Canada.
- Read more
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