Welcome to the Canadian
Prepaid Providers Organization
The CPPO
Prepaid solutions are and will continue to be a valuable part of Canada’s financial services ecosystem. Prepaid is a platform for innovation in financial services, providing Canadian fintechs and challenger banks a foundation to bring new products and services to market. It has the potential to displace 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.
Prepaid Benefits
- Driving Paytech Innovation
- Supporting Financial Health and Inclusion for Consumers
- Providing Economic Benefits for Government and Business
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%
General Purpose Card Growth in 2018-2019
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B
CDN Annual Loads (2019)
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%
Gift Cards Growth in 2018-2019
Open-loop prepaid solutions can be used anywhere the network (American Express, Mastercard, UnionPay and Visa) is accepted, including online.
Prepaid is a platform for innovation in financial services, providing Canadian fintechs and challenger banks a foundation to bring new products and services to market
- Modular and light infrastructure allow for creative and nimble products, swapping in and out capabilities where needed and driving innovation
Prepaid solutions have the potential to displace cheques, leading to economic benefits for governments and businesses
- Canadian businesses and government agencies send a combined, 386 M cheques per year, costing the economy $5.8 B annually
Prepaid 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
- Prepaid products can offer a channel for underserved Canadians to manage their cash flow, reduce reliance on alternative financial service providers, and access tangential products such as insurance or micro-loans designed for their specific needs
