Peoples Trust Company
Also a provider — view Peoples Trust Company’s profile →“Can a mid-size Canadian trust company become the default sponsor bank for every fintech operating in Canada?”
Founded1985
HQVancouver, British Columbia, Canada
IndustryBank / Sponsor
The story
Peoples Trust Company is a Canadian trust company and CDIC-member deposit-taking institution owned by Triple Five Group, with a chartered-bank subsidiary (Peoples Bank of Canada). Historically a mortgage and deposits business, it has repositioned itself as one of Canada's leading BIN-sponsor / BaaS banks for fintechs — providing card issuing, merchant acquiring, money movement (Interac, EFT, Visa Direct, Mastercard Send), and RPAA-compliant trustee accounts. Its 2022 admission as a Payments Canada ACSS Direct Clearer — the first since 1984 — cemented its role as core embedded-finance infrastructure for Canadian paytechs.
Last 12 months
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Product timeline
0
Became a full principal member of Visa Canada.· card
1985
Founded as Peoples Trust Company in Vancouver under Triple Five Group ownership.· banking
2022
Became the first new ACSS Direct Clearer in Canada since 1984, granted by Payments Canada.· banking
Regulated entities
6
regulatory licences held by Peoples Trust Company
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
6 layers disclosed in Peoples Trust Company’s embedded-finance stack
Payments / PSP
Interac (self-operated)Visa Direct (self-operated)Mastercard Send (self-operated)EFT (self-operated)Bill Pay (self-operated)
Money movement
in the full report
Banking / BaaS
in the full report
Card issuing
in the full report
Card network
in the full report
Lending
in the full report
Accounting gap: none
14 more providers across 5 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.