The adoption of instant payment systems in Canada is underway, yet businesses seem reluctant to embrace this modern financial solution extensively.
Vlad Cazan, the Chief Technology Officer at Paybilt, will be a speaker at the Open Banking Expo Canada on June 17, 2025, in Toronto. He will be part of a panel discussion titled 'Modernizing Payments - Leveraging existing payment methods for new capabilities.'
The upcoming launch of Canada's Real-Time Rail and a phased Open Banking rollout is focusing on infrastructure. However, the challenge in Canada's real-time payments sector is not just building new infrastructure, but finding better ways to use the existing infrastructure.
Paybilt, a firm with significant traction in modernizing Canadian payment flows, has been playing a quiet but crucial role in helping enterprises optimize payments using the vast array of payment rails already available in Canada. The company has focused on the application layer, creating tools that allow Canadian businesses to offer real-time disbursements, payroll, and checkout experiences using systems already in place.
Canada is often seen as trailing global peers like India or Brazil in real-time payments, but the infrastructure like Interac e-Transfer has been in place and widely adopted for years. The key lies in leveraging this existing infrastructure to modernize payments.
The panel at Open Banking Expo Canada will discuss strategies for leveraging existing infrastructure to modernize payments in Canada. Adoption of new infrastructure will always require application-layer innovation, and Paybilt's platform is a discrete yet critical component of the payment stack for numerous large Canadian enterprises.
Vlad Cazan's work in real-time payments has significantly influenced how some Canadian enterprises move money today. Many enterprises in Canada rely on Paybilt's capabilities for real-time payments without their customers ever realizing it.
More information about the agenda for Open Banking Expo Canada can be found on their official website. Attendees will have the opportunity to learn from industry experts like Vlad Cazan and gain insights into the future of real-time payments and open banking in Canada.
- Vlad Cazan, as the Chief Technology Officer at Paybilt, will discuss strategies for leveraging existing payment infrastructure to modernize payments at the Open Banking Expo Canada on June 17, 2025, in Toronto.
- Paybilt, a company that has been instrumental in modernizing Canadian payment flows, is focused on creating tools that optimize payments using the existing array of payment rails in Canada.
- The key to modernizing payments in Canada lies in leveraging the existing infrastructure, such as Interac e-Transfer, and finding better ways to use it.
- The upcoming Open Banking Expo Canada will provide an opportunity for attendees to learn from industry experts like Vlad Cazan about the future of real-time payments and open banking in Canada.
- Many Canadian enterprises rely on Paybilt's capabilities for real-time payments, enhancing their abilities without the customers even realizing it.
- The panel discussion at the Open Banking Expo Canada, titled 'Modernizing Payments - Leveraging existing payment methods for new capabilities,' will delve into these strategies and the role of technology and innovation in the finance and business sectors.
