Episode 25: Regulate to innovate - a call for modern payment legislation in Canada
In December 2022, a diverse coalition of organizations from across the payment industry came together to sign an open letter to the Minister of Finance to make a collective request of the federal government to amend the Canadian Payments Act to broaden Payments Canada’s membership. Broader access to our membership will support the introduction of new participants in Canada's payment system, and provide greater choice for Canadians and Canadian businesses in addressing their payment needs.
In this episode of The PayPod, supporters of the letter, Cyrielle Chiron, Senior Vice President, Product Strategy and Innovation at Peoples Group, and Nick Cicchino, Vice President, Shared Services at Meridian, discuss the importance of payments, of broader access to Canada's payment systems and the need for payment legislation that keep pace with innovation in today’s digital world.
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