Business
Wise strengthens its Canadian market investment with Payments Canada membership
Wise, the global technology company building the best way to move and manage the world's money, has become one of the first Payment Services Providers (PSPs) to be granted membership to Payments Canada. This milestone will enable Wise to deepen its service offering for Canadian customers, further establishing the company as a key financial player in Canada.
About this update from Wise Plc Class A
[{"type":"text","content":"Milestone marks Wise's continued growth in Canada and the expansion of its global infrastructure to enable faster, more affordable international payments","length":157,"tagName":"p","attribs":{}},{"type":"text","content":"TORONTO, Jan. 27, 2026 /CNW/ - Wise, the global technology company building the best way to move and manage the world's money, has become one of the first Payment Services Providers (PSPs) to be granted membership to Payments Canada. This milestone will enable Wise to deepen its service offering for Canadian customers, further establishing the company as a key financial player in Canada.","length":394,"tagName":"p"},{"type":"image","alt":"Wise Logo (CNW Group/WISE)","displaySize":"","headline":null,"caption":"Wise Logo (CNW Group/WISE)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":111,"url":"https://media.zenfs.com/en/cnwgroup.com/1042b6f5b8e5de43a379174c892ef0a2"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/_I9Rqw3C6IcOfFPUcchtQA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTE5NjtjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/1042b6f5b8e5de43a379174c892ef0a2","width":400,"height":111}},"href":"https://mma.prnewswire.com/media/2870189/WISE_Wise_strengthens_its_Canadian_market_investment_with_Paymen.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"As a member of Payments Canada, Wise is now eligible to apply to participate in Canada's national payment systems including the Automated Clearing Settlement System, Lynx and the forthcoming Real-Time Rail. Once a participant, Wise will be able to speed up transfer times and reduce costs for people and businesses moving money internationally in and out of Canada.","length":369,"tagName":"p"},{"type":"text","content":"Canada is actively enhancing its payments modernization efforts, which included the federal government's recent legislative changes that opened Payments Canada membership to non-bank (PSPs) for the first time. This decision places Canada among a group of G20 economies that have acted on commitments to improve cross-border payments. According to Wise's 2025 G20 Report, Canada now joins a select group of eight G20 member nations that currently offer direct access to payment systems to non-bank payment service providers.","length":531,"tagName":"p"},{"type":"text","content":"Dian...