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Is Open Banking legal in Canada?

In Canada, Open Banking is not yet available.

This means that there is presently no safe way to share financial data from your bank account with fintechs other than your bank in Canada.

The Office of the Superintendent of Financial Institutions (OSFI) oversees and supervises domestic and foreign banks operating in Canada.

The Bank Act governs the activities of foreign bank subsidiaries.

Eligible foreign institutions control foreign bank subsidiaries.


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We are honored to serve as your reliable business partner and financial service provider in the industry and other business-related services. With the help of our professional staff, to help merchants to achieve their goals for the development and expansion of the international business market.

Our payment flow has developed in the e-commerce world to perform seamlessly and effectively across all platforms and devices. We take pleasure in combining technology with customer service, to solve your concerns at the moment.

PayCEC is a fully worldwide payment network that not only allows merchants to be paid immediately and securely, but also allows them to withdraw money in multiple currencies to their company accounts.

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