Latest global banking news, December 28, 2022 | PaymentsSource
Written by Black Hot Fire Network on December 28, 2022
Payments Canada, the nonprofit banking group that operates Canada's payment clearing and settlement system, wants to expand its membership to include fintechs, payment services providers or paytech firms, BetaKit reports. The group proposed the idea in an open letter to Canada's Minister of Finance earlier this month, urging expansion of the organization to non-financial institutions to support competition as payments technology rapidly expands. The move, which would require an amendment to the Canadian Payments Act as part . . .