The appointment process:
Every year we launch a call for nominations, with the official call opening for 2024 later this year.
The Board of Directors, in consultation with the Minister of Finance, will make appointments to the council based on criteria outlined in By-law No. 1 (10).
When nominating a representative, Payments Canada encourages stakeholder organizations to review the eligibility guidelines* and take into account the diversity of their membership, including regional representation, and representatives who have current responsibilities for — or direct experience in — payment-related matters or financial operations.
*NOTE: Individuals or organizations who are identified as having a conflict of interest will be considered ineligible for appointment to SAC.
How our Stakeholder Advisory Council helps shape the future of payments in Canada
The council provides advice to our board of directors on payments, clearing and settlement matters. The council also contributes input on proposed initiatives, helping us make informed decisions on key elements of the payment Modernization program, as well as ongoing operations, policies and initiatives. Moreover, as the payment ecosystem continues to evolve, being a member of the council provides an opportunity to contribute directly to shaping the future of payments in Canada.
Who is a Payments Canada stakeholder?
Our Stakeholder Advisory Council encompasses the views of Payments Canada’s broad and diverse stakeholder base, including consumers, retailers, large corporates, small & medium enterprises, vendors, payment service providers, government & educational institutions, fintechs and new entrants. The council believes that diversity fosters excellence in governance and aims to reflect a broad range of experiences and perspectives.
For a list of our current SAC members and who they represent, please visit our Stakeholder page.
Interested in getting involved?
Every year we launch a call for nominations, with the official call opening for 2024 later this year. In the meantime, should you have any questions, would like to be considered for nomination or want to learn more about the council and the selection process, please contact email@example.com.