Today someone will send money to a friend to split a bill, another will tap their debit card to purchase coffee. A small business will reach new customers on the go while a large enterprise will simplify their onboarding processes. And in a remote community a person will verify their identity to access a service online from the comfort of their home. Behind these everyday transactions is a complex network that helps Canadians stay in control of how they use their money …
Interac is a leading payments and digital information exchange provider that has been using innovation to make life and business more seamless since 1984. Our Interac Debit and Interac e-Transfer services have made us a trusted household name across Canada — 88 per cent of Canadians have used Interac e-Transfer, and Canadians completed more than 6.5 billion Interac Debit transactions in the year ending October 2023.
In addition to modernizing our system with real-time payments, we are applying our technology towards new innovations — notably digital verification and authentication, with the official 2023 rollout of Interac Verified, which enables organizations to digitally verify customers’ data so they can conveniently and securely access services.
Together with businesses and government, we’re continuing to build a digital economy that creates digital prosperity for all Canadians.
