Bank of Canada starts registration of payment service providers [Yahoo! Finance Canada]
PayPal Holdings, Inc. (PYPL)
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Source: Yahoo! Finance Canada
to bring them under its regulation and promote secure and reliable digital transactions. Critics have often complained that Canada's digital payment infrastructure is archaic when compared with some advanced countries such as the UK and Australia and lags even many developing countries. "Today marks a big step toward giving Canadians added confidence in the safety and security of retail payment service providers," said Ron Morrow, the bank's executive director of payments, supervision and oversight. A payment service provider, or PSP, is any company that helps people store or move their money electronically, such as PayPal and Square. This encompasses businesses that offer digital wallets, provide point-of-sale terminals or facilitate cross-border money transfers. Canada's payment systems are mainly controlled by the big five banks, an arrangement that critics say has led to high fees and delays. After the registration period, the central bank will evaluate all applications
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PYPL
Earnings
- 10/29/24 - Beat
PYPL
Sec Filings
- 10/29/24 - Form 10-Q
- 10/29/24 - Form 8-K
- 10/15/24 - Form 4
- PYPL's page on the SEC website