Real-Time Rail

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Real-time payments - Canada.


Real-Time Rail is a Canadian system, under development, for faster payments in Canada.

RTR launch deferred
"The launch of Canada's Real-Time Rail (RTR) payments system has been pushed back from the middle of 2023 to an as yet undetermined date to provide additional time to validate and test the components and end-to-end integration of the RTR system.
RTR will allow Canadians to initiate payments and receive irrevocable funds in seconds, 24/7/365.
The system will also tap the ISO 20022 messaging standard to support payment information traveling with every payment."
Association of Corporate Treasurers - Update on the Payments landscape – October 2022.

See also