Canada’s Real-Time Rail payment system launches
Business · First reported 9 Nov, 16:00 · Updated 17:16
Canada’s Real-Time Rail has launched after development dating to 2015. The report says Wealthsimple, Koho and Bank of America can access instant payments, while the Big Six banks are not part of the launch.
- Canada’s Real-Time Rail payment system has launched.
- The system had been under development since 2015.
- The report names Wealthsimple, Koho and Bank of America as able to access instant payments, and says the Big Six banks are absent from the launch.
Summary written by Lux AI from 2 articles
Key facts
- System
- Real-Time Rail (RTR)
- Status
- Launched
- Development
- Under development since 2015
- Named organizations with access
- Wealthsimple, Koho and Bank of America
- Big Six banks
- Not included in the launch
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Ownership
- Unknown 100% (2)
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