Prepaid and Virtual card platforms are being used as a foundation for digital financial services enabling fintechs and traditional FIs to bring new and innovative solutions to market and allowing partnerships to quickly launch and scale. Prepaid issuers are investing more in prepaid as it supports the growing challenger bank sector and the transformation to digital B2B payments for enterprise and SMEs. Even governments have increased their adoption of prepaid as a tool to quickly deliver stimulus and emergency payments with ease and greater efficiency. While opportunities abound, how will Canada’s prepaid sector fare? What regulatory challenges must be overcome and are Canadian businesses and consumers adopting these solutions? And can Canada’s high growth prepaid sector continue to compete globally without a resolution on payments modernization in the immediate future?