News Summary

Shakepay, a ‘crypto-native’ company, has become the first of its kind to join Payments Canada, marking a significant shift in the organization’s membership structure. Traditionally, membership to Payments Canada was limited to banks, credit unions, and select financial institutions. This expansion now allows a broader range of financial firms, including fintech companies like Questrade and Wealthsimple, to participate in managing the country’s core payment systems.