Interac, a key player in Canada’s financial landscape, unveiled expanded access to its Interac e-Transfer® service today.
Initially available to federally regulated banks and provincially regulated credit unions, the service now extends to FINTRAC-regulated Money Service Businesses (MSBs) and investment dealers regulated by CIRO.
Wealthsimple, a leading Canadian digital financial services provider, is set to be the inaugural participant under this extended access, offering over 280 financial institutions the ability to facilitate seamless money transfers for their clients.
The move marks a significant leap in enhancing accessibility and convenience within the Canadian financial sector.
Want to know more? Check out the source code on Fintech.ca.