Interac

Type: Payment Network

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About Interac

Founded	1984
Headquarters	Toronto, Ontario, Canada
Market share	Interac is a leading payment network in Canada, often used for debit transactions.
Major competitors	Visa Mastercard PayPal Square
Notable partnerships	Major Canadian banks like RBC, TD, and Scotiabank. Payment processors such as Moneris and Global Payments. E-commerce platforms and retailers across Canada.
Recent developments	Expansion of Interac e-Transfer to include international transfers. Partnerships with fintech companies to enhance digital payment solutions. Introduction of new features for enhanced user experience.
Regulations	Interac operates under Canadian financial regulations and collaborates with banks and credit unions.
Security	Unknown
Official website	https://www.interac.ca