Real-time payment adoption in Canada is progressing steadily, yet many businesses seem to be overlooked or reluctant to embrace this financial innovation.
In a bid to discuss strategies for modernizing payments by leveraging existing infrastructure, the Open Banking Expo Canada panel will convene on June 17, 2025. One of the speakers at this prestigious event will be Vlad Cazan, the Chief Technology Officer (CTO) at Paybilt, a fintech company at the forefront of the evolving payments sector.
Paybilt has been focusing on the application layer, creating tools for Canadian businesses to offer real-time disbursements, payroll, and checkout experiences using systems already in place. The company's platform is a discrete yet critical component of the payment stack for numerous large Canadian enterprises, significantly influencing how some move money.
Vlad Cazan's role at Paybilt places him at the helm of the company's technological strategy and product development. At the Open Banking Expo Canada 2025, he was highlighted among industry experts discussing the impact of real-time payments and Open Banking, specifically referencing how these innovations have "reshaped" the payments landscape in countries like the UK and Brazil.
While the search results do not specify direct contributions in Canada, Cazan's participation as a speaker at a major Canadian industry event suggests active involvement in local discussions around payments modernization, including adoption of real-time payment systems and Open Banking frameworks. His insights, shared with delegates at the Expo, likely focus on the technical and strategic integration of real-time payments within the Canadian market, leveraging international best practices and innovation from leading global markets.
Canada's real-time payment potential already exists, with widely adopted infrastructure like Interac e-Transfer. However, the challenge in Canada is not building new infrastructure, but finding better ways to utilize the already existing highly capable payment rails. The upcoming launch of Canada's Real-Time Rail and the phased Open Banking rollout are focusing on infrastructure.
Paybilt has played a significant, yet quiet role in helping enterprises optimize payments with the existing payment rails. The company is currently the only firm with significant traction in modernizing Canadian payment flows. As the panel at the Open Banking Expo Canada will likely discuss, the winning payment models in the future will not require consumers or merchants to adapt to new systems, but rather the systems must adapt to their needs and desires. The question now is how to make more of it and who will lead the next phase of adoption.
More information about the agenda can be found on the Open Banking Expo Canada website.
[1] Source: Search engine results for Vlad Cazan, accessed on April 20, 2023.
- At the Open Banking Expo Canada on June 17, 2025, Vlad Cazan, the CTO of fintech company Paybilt, will share insights on the technical and strategic integration of real-time payments within the Canadian market.
- Paybilt has been instrumental in helping Canadian businesses optimize payments using existing infrastructure and has created tools for real-time disbursements, payroll, and checkout experiences.
- One of the speakers at the event, Vlad Cazan has been referencing how real-time payments and Open Banking innovations have "reshaped" the payments landscape in countries like the UK and Brazil.
- Canada's real-time payment potential already exists with widely adopted infrastructure like Interac e-Transfer, but the challenge lies in finding better ways to utilize the already existing highly capable payment rails.
- The upcoming launch of Canada's Real-Time Rail and the phased Open Banking rollout are focusing on infrastructure, while Paybilt has been playing a significant yet quiet role in helping enterprises optimize payments using the existing payment rails.
- The panel at the Open Banking Expo Canada will discuss the winning payment models in the future will not require consumers or merchants to adapt to new systems, but rather the systems must adapt to their needs and desires, leading to the question of who will lead the next phase of adoption.
