The shift to real-time payment systems in Canada is currently underway, yet corporate adoption remains limited - examining the reasons behind this trend.
Canada has existing infrastructure for real-time payments, such as Interac e-Transfer. However, the challenge lies not in building new infrastructure but in finding better ways to utilise the existing ones. This is where Paybilt comes in.
Paybilt, a leading Canadian company focused on modernizing payment and invoicing processes, is making significant strides in this area. Vlad Cazan, the Chief Technology Officer (CTO) at Paybilt, is at the forefront of these efforts. Cazan is a professional in the field of payment systems and financial technology, leading technological innovation and development aimed at transforming how businesses handle payments.
Paybilt's platform is a critical component of the payment stack for numerous large Canadian enterprises. The company is the only firm with real traction in modernizing Canadian payment flows at scale. Their work in real-time payments has been instrumental in shaping how some Canadian enterprises move money today.
Paybilt 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. This approach ensures a seamless integration with the existing infrastructure, making more of Canada's real-time payment potential.
On June 17, 2025, at the Open Banking Expo Canada, a panel discussion on modernizing payments by leveraging existing infrastructure will take place. Vlad Cazan, the chief technology officer at Paybilt, will be among the speakers at the panel on the Open Finance Stage at 3.35pm in Toronto. The focus of the panel is on strategies for modernizing payments by leveraging existing infrastructure.
The upcoming launch of Canada's Real-Time Rail and the phased Open Banking rollout are focusing on infrastructure. However, the focus should be on making more of Canada's real-time payment potential, rather than building new infrastructure.
Canada is often seen as trailing global peers like India or Brazil in terms of real-time payments, but the reality is more nuanced. Many enterprises in Canada rely on Paybilt's capabilities for optimizing payments without their customers realizing it. The payment technologies that prevail in the future will adapt to the needs and desires of sellers and buyers, not the other way around.
Find out more about the agenda at Open Banking Expo Canada to learn more about the future of real-time payments in Canada.
- Paybilt, a Canadian company focused on modernizing payment and invoicing processes, focuses on the application layer, creating tools that allow businesses to offer real-time disbursements, payroll, and checkout experiences using systems already in place.
- Vlad Cazan, the Chief Technology Officer (CTO) at Paybilt, is a professional in the field of payment systems and financial technology, leading technological innovation and development aimed at transforming how businesses handle payments.
- On June 17, 2025, at the Open Banking Expo Canada, a panel discussion on modernizing payments by leveraging existing infrastructure will take place, with Vlad Cazan, the Chief Technology Officer at Paybilt, as one of the speakers.
- The upcoming launch of Canada's Real-Time Rail and the phased Open Banking rollout are focusing on infrastructure, but the focus should be on making more of Canada's real-time payment potential, rather than building new infrastructure.
- Many enterprises in Canada rely on Paybilt's capabilities for optimizing payments without their customers realizing it, challenging the perception that Canada trails global peers in terms of real-time payments.
- The payment technologies that prevail in the future will adapt to the needs and desires of sellers and buyers, not the other way around, indicating an important role for fintech solutions in the payment industry.
