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ARTICLE · 28 DECEMBER 2022

The Canadian Fintech Review: Retail Payments Activities Act (Video)

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The Retail Payment Activities Act will task senior leaders at payment service providers (PSPs) with building a lot more compliance into their operations. What's more, for many...

CanadaTechnology
Andrew Bernstein
Andrew Bernstein
Brigitte Goulard
Brigitte Goulard
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The Retail Payment Activities Act will task senior leaders at payment service providers (PSPs) with building a lot more compliance into their operations. What's more, for many this will be the first time their business is subject to such significant oversight.

In this video, Andrew Bernstein and Brigitte Goulard explain why PSPs will soon receive some of the scrutiny that is usually reserved for banks—and what they can do to adapt. Also in the video:

  • How this legislation aims to protect end users
  • Who is exempt from the Act
  • Penalties the Bank of Canada can impose
  • Advice for PSPs as they navigate the Act

Click here to see other videos and webinars in this series.

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