Modern payments innovation brings better and more inclusive financial services for consumers, businesses and governments. But the potential offered by open banking and a real-time rail is currently theory versus practice in Canada.
Enter prepaid: the modern payments technology platform flourishing in Canada, driving consumer-friendly competition and providing the gateway for exciting new ways to bank, transact, get paid and grow inclusive access to financial services.
Join us at the CPPO Symposium where we celebrate payments innovation without limitations.
About the CPPO
The last 5 years have seen a dramatic transformation of the prepaid industry across the globe. Prepaid platforms are being used as a foundation for digital financial services enabling fintechs and traditional FIs to push the boundaries of what a “card” can do and enabling firms to bring new and innovative solutions to market and allowing fintech partnerships to quickly launch and scale.
Prepaid issuers are investing more in prepaid as it supports the growing challenger bank sector and the transformation to digital B2B payments for enterprise and SMEs. Even governments have increased their adoption of prepaid as a tool to quickly deliver stimulus and emergency payments with ease and greater efficiency.
Prepaid has grown to become a valuable part of Canada’s financial services ecosystem. It has been instrumental in displacing cheques, leading to economic benefits for governments and businesses. And, prepaid solutions can be used to drive financial inclusion, providing an initial point of access to financial systems to those who are currently underserved by traditional products. The CPPO is a not-for-profit organization and the collective voice of the open-loop prepaid payments industry in Canada.
The Canadian Prepaid Providers Organization (CPPO) is a not-for-profit organization and the collective voice of the $8.5B prepaid payments industry in Canada. The CPPO gives our members the intelligence, education, access and network to tap into this innovative payments community. Our members include issuing banks, networks, fintechs, program managers, processors and service providers.
CPPO Mission
Open-loop prepaid products are a valuable financial tool offering benefits to consumers, businesses and governments. It promotes a positive environment in which prepaid payments can responsibly grow and flourish in Canada. The CPPO is the only association solely focused on this growing industry and includes the major players in open-loop prepaid in Canada.
Welcome to the CPPO — the collective voice of the $8.5B prepaid payments industry in Canada.
NEW REPORT: The CPPO released a whitepaper to be used as a platform with government stakeholders to maintain momentum on the government’s RFI on alternate payment methods. The whitepaper highlights why prepaid solutions are needed to offer modernized, digital-first government payments to Canadians.
CPPO Research: Open-loop prepaid market expected to exceed CA$17B in annual loads by 2025
The Canadian Prepaid Providers Organization, the collective voice of the open-loop prepaid payments industry in Canada, released its industry forecast and market sizing in collaboration with Aite-Novarica Group. The forecast, Canadian Open Loop Prepaid Market, 2020-2025, indicates that the Canadian open-loop prepaid card market grew from an estimated CA$7.2 billion in 2020 to aboutCA$8.5 billion in 2021, an 18 per cent increase and up 76 per cent since 2019. This value is projected to nearly double to CA$17 billion by 2025. Learn more.
CPPO Report: The Push for Payments Modernization
The CPPO released a whitepaper to be used as a platform with government stakeholders to maintain momentum on the government’s RFI on alternate payment methods. The whitepaper highlights why prepaid solutions are needed to offer modernized, digital-first government payments to Canadians.
New Research: Open-loop prepaid market expected to exceed CA$17B in annual loads by 2025
The Canadian Prepaid Providers Organization, the collective voice of the open-loop prepaid payments industry in Canada, released its industry forecast and market sizing in collaboration with Aite-Novarica Group. The forecast, Canadian Open Loop Prepaid Market, 2020-2025, indicates that the Canadian open-loop prepaid card market grew from an estimated CA$7.2 billion in 2020 to aboutCA$8.5 billion in 2021, an 18 per cent increase and up 76 per cent since 2019. This value is projected to nearly double to CA$17 billion by 2025. Learn more.
About the CPPO
The last 5 years have seen a dramatic transformation of the prepaid industry across the globe. Prepaid platforms are being used as a foundation for digital financial services enabling fintechs and traditional FIs to push the boundaries of what a “card” can do and enabling firms to bring new and innovative solutions to market and allowing fintech partnerships to quickly launch and scale.
Prepaid issuers are investing more in prepaid as it supports the growing challenger bank sector and the transformation to digital B2B payments for enterprise and SMEs. Even governments have increased their adoption of prepaid as a tool to quickly deliver stimulus and emergency payments with ease and greater efficiency.
Prepaid has grown to become a valuable part of Canada’s financial services ecosystem. It has been instrumental in displacing cheques, leading to economic benefits for governments and businesses. And, prepaid solutions can be used to drive financial inclusion, providing an initial point of access to financial systems to those who are currently underserved by traditional products. The CPPO is a not-for-profit organization and the collective voice of the open-loop prepaid payments industry in Canada.
The Canadian Prepaid Providers Organization (CPPO) is a not-for-profit organization and the collective voice of the $8.7B prepaid payments industry in Canada. The CPPO gives our members the intelligence, education, access and network to tap into this innovative payments community. Our members include issuing banks, networks, fintechs, program managers, processors and service providers.
CPPO Mission
Open-loop prepaid products are a valuable financial tool offering benefits to consumers, businesses and governments. It promotes a positive environment in which prepaid payments can responsibly grow and flourish in Canada. The CPPO is the only association solely focused on this growing industry and includes the major players in open-loop prepaid in Canada.
CPPO Officers
Karen Budahazy,
Peoples Group
BOARD CHAIR
Jacqueline Shinfield,
Blake, Cassels & Graydon LLP
LEGAL ADVISOR
Tracy Molino,
Blake, Cassels & Graydon LLP
LEGAL + GOVERNMENT RELATIONS
Jennifer Tramontana,
The Fletcher Group LLC
EXECUTIVE DIR. COMMUNICATIONS
Carl Turner,
Blackhawk Network
TREASURER
Sam Paulos,
RBC Royal Bank
EVENTS
Anna Kragie,
The Fletcher Group LLC
SECRETARY
Minhea Cirica,
Peoples Group
RESEARCH
