CPPO Report Examines How Canadians Can Access Government Ben

CPPO Report Examines How Canadians Can Access Government Benefits and Tax Refunds Faster


CPPO Report Examines How Canadians Can Access Government Benefits and Tax Refunds Faster
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New white paper highlights how prepaid solutions streamline financial inclusion through payments modernization
TORONTO, May 6, 2021 /CNW/ - Today, the Canadian Prepaid Payments Organization (CPPO), the voice of the prepaid payments industry in Canada, released a white paper examining opportunities for Canadians to receive government benefits and tax refunds faster and more securely.
New white paper highlights how prepaid solutions streamline financial inclusion through payments modernization (CNW Group/Canadian Prepaid Providers Organization)
An estimated 10 to 20 percent of Canadians are either unbanked or underbanked, meaning they have limited access to everyday banking service. Instead, payments are commonly received via paper cheques that can be lost, stolen or require high fees to be cashed or deposited. These individuals – often our country's most vulnerable – could be receiving payments faster and more securely through prepaid disbursements.

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