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Agency overview | |
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Formed | 1980 |
Minister responsible | |
Agency executives |
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Parent departments | Department of Finance Bank of Canada |
Key documents | |
Website | https://payments.ca |
Canadian Payments Association, carrying on business under the brand name Payments Canada,[2][3] is an organization that operates a payment clearing and settlement system in Canada. The Canadian Payments Association was established by the Canadian Payments Act in 1980. Among other responsibilities, it regulates and maintains directories of bank routing numbers in Canada.[4]
In 2016, Payments Canada's systems cleared and settled 7.4 billion payments totaling over $50.8 trillion—or, $201.5 billion on average each business day.[5]