Canadian businesses and financial institutions struggle with slow, fragmented payment settlement causing cash flow delays

Canadian companies currently rely on legacy payment systems with delayed settlement times (often T+1 or longer), creating cash flow gaps and operational inefficiencies. Banks and fintech companies lack real-time payment infrastructure to compete with international standards, forcing businesses to wait days for funds to clear. This delays payroll processing, supplier payments, and customer refunds, directly impacting business operations and competitiveness.