Payments Canada welcomes inclusion of the Retail Payments Oversight Framework in 2021 federal budget News provided by Share this article Share this article OTTAWA, ON, April 19, 2021 /CNW/ - Payments Canada applauds the inclusion of the Retail Payments Oversight Framework (RPOF), and its oversight by the Bank of Canada, as part of the 2021 federal budget, "The implementation of the Retail Payments Oversight Framework is a welcome addition to Canada's payments system," said Anne Butler, Chief Legal Officer and Vice President of Policy and Research. "By including RPOF in the budget, the Canadian government acknowledges the importance of modern payments regulation and broader access to Canada's national payments systems. Implementing RPOF is a key step towards Payments Canada's ability to safely open our systems for payments service providers to participate and compete in Canada's payments market."