Canada’s initial real-time rail rollout likely won’t include big banks, sources say

Canada’s long-awaited instant payment system, Real-Time Rail (RTR), likely won’t include any of the country’s largest banks as participants in its first phase, BetaKit has learned. If a payment rail is built that “95 percent of the country doesn’t use or have access to, it’s kind of performative.” Daniel Eberhard, Koho The RTR system is meant to be an instant, always-on payment infrastructure for Canadians and their financial institutions to transfer funds. The system is under development by the