The ongoing transformation of Canada's payment systems, now operating in real-time, remains largely unutilized by businesses - exploring the reasons behind this underutilization.
On June 17, 2025, the Open Banking Expo Canada will host a panel discussion titled 'Modernizing Payments - Leveraging existing payment methods for new capabilities'. One of the key speakers at this event will be Vlad Cazan, the Chief Technology Officer at Paybilt.
Paybilt is a significant player in the modernization of Canadian payment flows, with its platform being a critical component for numerous large Canadian enterprises. The firm has focused on the application layer, creating tools that allow businesses to offer real-time disbursements, payroll, and checkout experiences using systems already in place.
Vlad Cazan's work in real-time payments has significantly influenced some of Canada's prominent enterprises. At the event, he will outline payroll improvements as one of the ways payment modernization impacts employers and payroll services. This emphasis on payroll as a key use case underscores his role in advancing payment systems to improve efficiency and service delivery in Canadian finance.
Canada's Real-Time Rail is set to launch, and an Open Banking rollout is underway. These developments indicate a shift towards a future where the focus is on systems adapting to the needs and desires of sellers and buyers, rather than requiring them to adapt to new systems.
Interac e-Transfer is one of the existing payment infrastructures in Canada that has been widely adopted for years. However, the challenge in the modernization of payments in Canada is finding better ways to utilize the already existing highly capable payment rails. Paybilt's approach prioritizes creating payment experiences that are elegant, immediate, and forgettable for end users.
The upcoming phase of adoption in real-time payments will be led by companies already doing the work, such as Paybilt. This suggests that Canada, often perceived as lagging behind global peers like India and Brazil in terms of real-time payments, has a more developed infrastructure than it seems.
For more information about the agenda for the Open Banking Expo Canada, please visit this link. Attendees can look forward to engaging discussions and insights on the future of payment technologies in Canada.
- Vlad Cazan, the Chief Technology Officer at Paybilt, will discuss payroll improvements as a means of payment modernization impacting employers and payroll services at the Open Banking Expo Canada.
- Paybilt's platform is a critical component for numerous large Canadian enterprises, focusing on the application layer to offer real-time disbursements, payroll, and checkout experiences using existing systems.
- The upcoming phase of adoption in real-time payments will be led by companies like Paybilt, suggesting that Canada's infrastructure for real-time payments may be more developed than it appears compared to global peers.
- Interac e-Transfer is one of the existing payment infrastructures in Canada, but the challenge lies in finding better ways to utilize already existing highly capable payment rails for further modernization.
- Canada's Real-Time Rail is set to launch, and an Open Banking rollout is underway, marking a shift towards a future where systems will adapt to the needs and desires of sellers and buyers.
- The Open Banking Expo Canada will host a panel discussion on 'Modernizing Payments - Leveraging existing payment methods for new capabilities', with Paybilt being one of the key speakers.
