October 17, 2024: The Bank of Canada hosted a webinar on the Retail Payment Activities Act (RPAA) to guide payment service providers (PSPs) through the registration process required under the new law. Umar Faruqui, Director of Registration, covered who must register, how to apply, and important timelines. The session included a demo of PSP Connect, offering a practical overview for companies providing services like digital wallets, money transfers, or payment processing. Key insights help PSPs navigate compliance and ensure continued operations under the RPAA framework. See Supervisory policy and guidelines: https://www.bankofcanada.ca/core-functions/retail-payments-supervision/retail-payments-supervision-supervisory-policies-and-guidelines/

October 17, 2024: The Bank of Canada hosted a webinar on the Retail Payment Activities Act (RPAA) to guide payment service providers (PSPs) through the registration process required under the new law. Umar Faruqui, Director of Registration, covered who must register, how to apply, and important timelines. The session included a demo of PSP Connect, offering a practical overview for companies providing services like digital wallets, money transfers, or payment processing. Key insights help PSPs navigate compliance and ensure continued operations under the RPAA framework. See Supervisory policy and guidelines: https://www.bankofcanada.ca/core-functions/retail-payments-supervision/retail-payments-supervision-supervisory-policies-and-guidelines/

October 17, 2024: The Bank of Canada hosted a webinar on the Retail Payment Activities Act (RPAA) to guide payment service providers (PSPs) through the registration process required under the new law. Umar Faruqui, Director of Registration, covered who must register, how to apply, and important timelines. The session included a demo of PSP Connect, offering a practical overview for companies providing services like digital wallets, money transfers, or payment processing. Key insights help PSPs navigate compliance and ensure continued operations under the RPAA framework. See Supervisory policy and guidelines: https://www.bankofcanada.ca/core-functions/retail-payments-supervision/retail-payments-supervision-supervisory-policies-and-guidelines/

October 17, 2024: The Bank of Canada hosted a webinar on the Retail Payment Activities Act (RPAA) to guide payment service providers (PSPs) through the registration process required under the new law. Umar Faruqui, Director of Registration, covered who must register, how to apply, and important timelines. The session included a demo of PSP Connect, offering a practical overview for companies providing services like digital wallets, money transfers, or payment processing. Key insights help PSPs navigate compliance and ensure continued operations under the RPAA framework. See Supervisory policy and guidelines: https://www.bankofcanada.ca/core-functions/retail-payments-supervision/retail-payments-supervision-supervisory-policies-and-guidelines/