It's pretty simple. The government created Payments Canada and said that, on the one hand, you have this public interest mandate, but on the other hand, the biggest FIs in this country are going to fund you. They have created this irreconcilable tension and said to go off and do this. They have really created what is, from the outside looking in, a dysfunctional organization.
On October 21st, 2024. See this statement in context.