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Payments Canada Launches Real-Time Rail, a 24/7 National Payment System

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Payments Canada has announced the launch of Real-Time Rail (RTR), a new payment infrastructure intended to operate around the clock across the country. The system is designed to support faster, always-available payments for individuals and businesses. The announcement points to a broader goal of modernizing Canada's national payment network. The source material provides limited detail beyond the announcement itself, so specifics such as the exact launch date and participating institutions are not confirmed here.

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