Interac

New rollout signals growing demand for flexible, pay-by-bank checkout options Toronto, ON, September 29, 2026 — Interac Corp. (Interac) today announced that Global Payments® (NYSE: GPN), a leading payment technology and software company that powers commerce for businesses of all sizes worldwide, will enable Konek across its merchant network in Canada. Konek is Canada’s digital wallet, powered by Interac and backed by the country’s leading financial institutions.

Every month, Kijiji, a leading peer-to-peer Canadian online marketplace, reports that around five million Canadians buy and sell on their platform, with more than four million live listings across categories from automotive and real estate to furniture, phones and everyday household items. Most of those transactions happen between strangers. While ratings and reviews help build some trust, they can’t verify whether the account on the other end of the transaction belongs to a real person.

As Canadian organizations embrace payments modernization (and finally retire the cheque and other antiquated payment methods), they’re looking for ways to make their payment transactions faster and more convenient — without compromising on security. Many are discovering a solution in Interac e-Transfer for Business, a modern, digital payment upgrade that can do everything from helping restaurants pay out tips to workers at the end of their shifts to enabling charitable donations via a QR code.

As digital money evolves from concept to practical application, experimentation becomes essential. As part of the broader exploration of the future of money, the Interac Innovation Team has adopted a deliberate, test-and-learn approach—combining internal expertise with targeted collaboration to better understand how emerging capabilities could apply to real payment challenges.

Interac calls for a time-limited, government-led exercise, convened by the Department of Finance, to align the major payments reforms already underway. Canada is making its most consequential payments-policy decisions in a generation — before settling on what it wants the payments ecosystem to deliver, or which capabilities should remain domestically owned and operated for the decade ahead.

Most Canadians never think about what happens when they tap to pay. The money moves, the coffee is handed over, and the moment dissolves into the rhythm of the day. That simplicity rests on something easy to take for granted: a domestic payment network, built over 40-plus years, that moves money securely and keeps core financial infrastructure in Canadian hands. Consider the alternative.

Integration expands access and supports the evolution of Canada’s digital payments ecosystem TORONTO, July 16, 2026 — Interac Corp. (Interac) announced today that Shakepay Inc. (Shakepay), a leading Montreal-based fintech, has joined the Interac e-Transfer® service as a Participant. For Shakepay, the move is part of a deliberate evolution from a crypto-focused experience into a regulated Canadian financial platform built to support everyday money movement.

Getting on a bus should be simple. But for a tourist arriving by ferry, a skier hopping between villages, or a first-time rider without exact change, it usually requires a little extra planning. So BC Transit, one of Canada’s largest public transit providers, is changing lanes by rolling out open payments across more than 30 transit systems to make it easier for riders to travel throughout British Columbia.

What’s it really like to intern at Interac? From day one, our interns are embedded in real work, from collaborating across teams, building meaningful skills, and gaining hands-on experience that helps shape their careers. To bring this experience to life, we sat down with five of our summer interns to hear, in their own words, what surprised them most, what they’ve learned, and what advice they’d share with future candidates.

As Canadians continue to build their lives and businesses for a digital economy that moves quickly (and around the clock), financial institutions and fintechs are under growing pressure to adapt with tools that can keep pace.