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… never conducted business with the destination company or country that is receiving the payment. To this end, the Bank … may need to exercise more caution when it comes to databases acquired from third parties, and only databases that have been given the go-ahead and are in …

… in cash transactions over the past few years and many countries around the globe have even shifted to an entirely … well. Justin Ferabee:  Do you know anybody who is kind of countervailing, is that maybe- Curt Binns:  Not gone for me … cash continues to decline as a medium of payment in the country. However, when you look at the ratio of notes and …

… and stakeholders happy as well as keep pace with other countries that have already made friction-free payment … to keep their customers happy and to keep pace with other countries around the world, who have already made friction … with a special focus on the parts most relevant to the country's business community. On the last episode, we …

… months. Consumers want their money in and out of their accounts the moment they press ‘send.’ Similarly, merchants … is doing in payments that they're ahead of us. So yes, both countries, we still have paper checks, we still get paper … globally, dedicated to real-time payments. How many countries today have live real-time payment system, and what …

… broader access will benefit businesses, consumers, and the country as a whole. I'm expecting an engaging conversation. … Canada member and was granted a direct settlement account at the Bank of Canada. What new possibilities do you … our clients. We serve over 3 million Canadians across the country. They're using us today for things like everyday …

… to send and receive payments within seconds, between accounts that may be at different financial institutions. So … that the funds have already been credited to their bank account without any delay and without any concern that the … introduced to multiple jurisdictions. I think more than 58 countries right now are live with realtime payment systems. …

… about in 2025.  Guests: Michiel Wielhouwer, President & Country Manager, Visa Canada Paul Thomalla, Non-Executive … to be here. I'm Michiel Wielhouwer, I'm the president and Country Manager for Visa Canada. I joined Visa a long time … this, I dunno what it was, 10,000 page rules book and this database like this, and some of the most innovative products …

… position. Summary  With cross-border transactions having accounted for $23.7 trillion globally in 2018, the bulk of … a transaction in which funds are sent from an entity in one country to a recipient in a different country. In most … technology (DLT). In short, the distributed ledger is a database of all transactions executed in the currency that …