The Canadian Payments Association (CPA) has launched a national consultation on its draft Long-Term Payments Strategy: Vision 2020, in an effort to prepare Canada’s national payments framework for the changing nature of payments.
The CPA’s proposed strategy is to provide a common foundation to enable its members to competitively deliver modern payments services and offerings to Canadians and it is supported by four main pillars:
- Facilitating electronic payments
- Promoting domestic and international interoperability standards to make payments more efficient.
- Modernising the CPA’s regulatory framework to reflect new market and business realities.
- Offering new value-added services to CPA members and all users of Canada’s payment system.
“These are just some of the issues at the heart of the CPA’s new consultation process and long-term payment strategy,” said president and CEO Guy Legault. “The CPA’s payments strategy will continue to evolve over time, based on the input of the users of our systems. I encourage all stakeholders to participate in our consultation process and to take part in building a renewed payments system for Canada.”
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