Canada launches the Real-Time Rail, bringing 24/7 payment infrastructure to the national economy
Summary
Canada’s Real-Time Rail (RTR) is now live, delivering 24/7 instant payments across a national infrastructure built with ISO 20022 messaging, centralized fraud services, and oversight by regulators. The rollout emphasizes security controls, cost savings, and economic benefits for SMBs and consumers, with early participation from major financial institutions and PSPs.