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KOHO Brings Instant Payments to Millions With Real-Time Rail Adoption

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KOHO Brings Instant Payments to Millions With Real-Time Rail Adoption

KOHO, Canada’s leading financial technology company, announced its adoption of the newly launched Real-Time Rail (RTR), Canada’s national system for instant payments.

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KOHO, Canada’s leading financial technology company, today announced its adoption of the newly launched Real-Time Rail (RTR), Canada’s national system for instant payments. As one of the initial system participants to launch on RTR, KOHO reinforces its

As one of the initial system participants to launch on RTR, KOHO reinforces its ongoing commitment to delivering modern financial services within Canada’s evolving payments ecosystem.

Owned and operated by Payments Canada, Canada’s RTR is the foundational payment infrastructure that enables participants to deliver modern payment capabilities to their customers. It is built to enable how Canadian businesses and consumers pay and get paid every day. Key capabilities include settling payments in seconds, giving account holders a live view of cash flow, and carrying richer payment data that complies with the ISO 20022 standard. All of these features will be integrated directly into the KOHO app and are available today with the initial participants in the RTR system.

“The Real-Time Rail is one of the most meaningful upgrades to Canada’s payment system in years,” says Daniel Eberhard, CEO and Founder of KOHO. “When money moves instantly and around the clock, it means covering a bill faster, and businesses have an easier time managing their cash flow. For too long, moving money in Canada has been slower and more expensive than it should be.


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