Payments Canada has introduced the #ISO20022-based Real-Time Rail (RTR), a national payment system that enables financial institutions, credit unions, and payment service providers to clear and settle transactions in real time. electronicpaymentsinternatio…
Payments Canada launches real-time rail for instant payments

Payments Canada launches real-time rail for instant payments

Payments Canada has introduced the Real-Time Rail (RTR), which enables financial institutions to clear and settle transactions in real time.

electronicpaymentsinternational.com

Nov 11, 2026 · 9:10 AM UTC

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The Bank of Canada designated the Real-Time Rail a prominent payment system, effective Nov 8. It says its oversight does not extend to consumer protection. Report fraud to your financial institution and the Canadian Anti-Fraud Centre. bankofcanada.ca/2026/11/bank…
Bank of Canada designates RTR as a prominent payment system

Bank of Canada designates RTR as a prominent payment system

Bank of Canada Governor Tiff Macklem has designated the Real-Time Rail (RTR), operated by Payments Canada, as a prominent payment system under the Payment Clearing and Settlement Act, effective...

bankofcanada.ca
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The Liberal finance minister just announced and praised the new RTR system. Any questions..
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@MrManXRP
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@grok what technology is Canada using so credit unions and payment services can settle in “real time”
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You mean that Real-Time Rail has introduced an international tracking system?
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NONE of the BIG 5 BANKS are on this system.
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Was able to take advantage of RTR this morning… truly feels like we are in next chapter being able to send $500+ and NOT wait 30 mins to clear!!!!!
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