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via betakit.comPolitics

Canada's initial real-time rail rollout likely won't include big banks

FROM THE WIRE · BETAKIT.COM

Feds say they will aim to have all major financial institutions on board by next summer.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralDelayed inclusion of major banks in Canada's real-time payment system may affect financial sector competitiveness and adoption timelines.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Canadian federal authorities aim to have all major financial institutions on board by next summer.
  2. 02The initial rollout of the real-time payment system (RAIL) will likely exclude big banks.
  3. 03This delay may impact adoption and efficiency of the new payment infrastructure.

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