The RPAA registry of payment service providers
The Retail Payment Activities Act (RPAA) requires individuals and entities that perform retail payment activities for end users in Canada to register with the Bank of Canada. Registered PSPs have met the legal requirements, including being in scope of the Act and paying the required fees, and have cleared a national security screening coordinated by the Department of Finance. The Bank states that registration is not an endorsement or a licence. Registered PSPs are subject to its risk supervision and enforcement.
How large the registry is
The Bank's registry data, as loaded on 30 October 2026, contained:
| Status | Entries |
|---|---|
| Registered | 1,789 |
| Applications in review | 419 |
| Refused | 57 |
| Revoked | 15 |
The first wave was large: 449 PSPs have a registration date in October 2025, and registrations have continued every month since, with 91 so far in October 2026. Eleven registered PSPs carry a published violation flag.
Where registered PSPs are based
1,524 registered PSPs have their head office in Canada, 156 in the United States and 42 in the United Kingdom, with smaller numbers in Singapore, Latvia, the United Arab Emirates, Cyprus, Czechia and elsewhere. Foreign PSPs are in scope when they serve end users in Canada.
Who is on it
The registry spans the core of Canadian payments, such as Interac, Moneris, Helcim, Payfirma and Shopify's payments entity, global processors' Canadian entities such as Stripe Payments Canada, Square Canada, Nuvei and Paysafe, wallet and transfer providers such as PayPal, Wise and Neteller, neobanks and investment platforms such as KOHO, Neo Financial and Wealthsimple Payments, and hundreds of smaller payment facilitators, remittance firms and software companies that hold funds. About 60 entries are individuals or businesses without a corporate form.
Who uses the list
- Fraud, compliance and safeguarding vendors sell to registered PSPs.
- Banks and sponsors map PSPs that need settlement and trust accounts.
- Investors and acquirers screen the long tail of smaller payment companies.