Canada’s payments landscape is entering a new era of trust, transparency, and regulatory excellence with the arrival of the Retail Payment Activities Act (RPAA). If your payment provider isn’t RPAA registered, they are at risk of facing notice of violation as well as monetary penalties. Don’t put your operations or reputation on the line; ensure your provider meets the standard.

What Is RPAA and Why Does It Matter?

RPAA establishes mandatory registration and a compliance framework for payment service providers, overseen by the Bank of Canada. If a payment service provider processes, transfers, or settles electronic payments, it falls under RPAA’s scope.

Why RPAA Compliance Matters:

• Builds trust with both regulators and merchants.
• Prevents costly penalties and reputational damage.
• Ensures seamless access to Canada’s payment rails and future innovations like real-time payments.
• Keeps your payment business off the high-risk radar.

If your payment service provider isn’t RPAA compliant, you risk penalties, operational restrictions, or even total exclusion from Canada’s retail payments space. Now is the time to ensure your provider meets these standards.

Safeguarding Customer Funds

The biggest impact of the RPAA is making sure your customers’ money is safe. PSPs are required to keep customer funds in trust, totally separate from their business operating accounts. This means those deposits won’t get tangled up with company finances or lost if a provider goes bankrupt.​

For a merchant, this is real peace of mind because if a PSP faces insolvency, the government can quickly see what’s owed and make sure you and your customers get your money back without delay. Thanks to RPAA, safeguarding funds is a standard for secure payments in Canada.

‍Paramount Commerce Is Officially RPAA Registered

We’re proud to announce our registration under RPAA — reinforcing our commitment to safe, trustworthy payment services. At Paramount Commerce, RPAA compliance ensures our clients get payment solutions rooted in transparency, proactive risk management, and stability. 

‍How to Check

You can see all RPAA applicants on the official Bank of Canada website. Confirm with your provider if they’ve received confirmation of their registration with RPAA. If your provider isn’t registered, now is the time to act: Contact Paramount Commerce