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Canada's Real-Time Rail:
Real Time, Real Possibilities.
About the Real-Time Rail
The Real-Time Rail is Canada’s new real-time exchange and clearing and settlement payment system that supports instant, data-rich payments.
Real-time payments are transforming Canada’s economy, giving businesses and consumers more transparency and access to their payments any day, any time. The Real-Time Rail enables this transformation while ensuring transactions are safe and secure.
- 24/7/365 clearing and settlement
- Data-rich ISO 20022 messaging
- A platform for payment innovation
The RTR by the numbers:
$16 billion
generated in cumulative GDP gains over the next decade, according to recent research from the C.D. Howe Institute.
- $27 billion generated in cumulative GDP gains over the next 20 years.
- Over 9 in 10 Canadian bank accounts are targeted to be served by the RTR by Q3 2027.
- 60% of businesses are ready to adopt real-time payments.
- 52% of consumers are interested in real-time payments.
Understanding the Real-Time Rail
A Team Canada effort
Bringing critical national infrastructure from vision to reality is a shared achievement of many organizations and individuals. To our delivery partners, regulators, launch participants, member institutions, employees and the broader financial ecosystem: thank you.
Minister Champagne on the RTR's capabilities
