PSP regulation in Canada governs how payment service providers operate to ensure security, transparency, and consumer protection. Overseen by the Bank of Canada under the Retail Payment Activities Act, PSPs must register, manage risks, and safeguard user funds. Understanding compliance is essential for operating legally in Canada’s payments ecosystem.
PSP regulation in Canada governs how payment service providers operate to ensure security, transparency, and consumer protection. Overseen by the Bank of Canada under the Retail Payment Activities Act, PSPs must register, manage risks, and safeguard user funds. Understanding compliance is essential for operating legally in Canada’s payments ecosystem.
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