TechMobileSyrupabout 1 hour ago
Canada launches real-time rail payment system
2 min read
Payments Canada announced the Real-Time Rail system this week, promising 24/7 processing within seconds. A C.D. Howe Institute memo estimates RTR could save between $5.3 and $14.5 billion over 10 years. While Wealthsimple and Questbank already support it, major banks like RBC are expected to adopt RTR in Q2 2027.
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