The popular Canadian payment processing company, Interac, has recently acquired the exclusive Canadian rights to utilize Vouchr’s innovative multimedia platform in its operations. Representing a highly strategic move, this acquisition has been carried out to enhance the service and provide a more personalized experience for its users.
In 2022, Canadians named Interac the most respected technology service provider in Canada for the second year running, demonstrating the clear and continued success of the platform. The fintech world continues to evolve and innovate at an incredible pace, and this is just one of many recent developments in Canada which demonstrate the increasingly competitive nature of the sector. In this article, we’ll be taking a closer look at the implications of this acquisition, along with what it means for consumers – and the impact it may have on the wider digital payments landscape in Canada today.
An Introduction to Interac & Vouchr
Interac is a Canadian interbank network and electronic financial transfers platform which hosts hugely popular payment processing tools – including its e-Transfer peer-to-peer money transfer service and Interac Debit, which are widely used for purchases all around the country.
Having launched back in 1984, the company has been evolving ever since in order to meet the changing financial needs of the nation’s consumers and businesses. The provider has built a solid and trusted reputation in Canada thanks to its focus on creating a highly secure, efficient and user-friendly payment platform.
The platform can be used in a variety of contexts including online shopping, peer-to-peer transactions and when making secure deposits on popular iGaming sites. With the growing popularity of iGaming transactions in Canada today, it is worth checking out these top casinos for Interac as the provider is now widely adopted on many gaming sites.
This innovative fintech company continues to lead the way for digital payment solutions, by continuously adapting and improving its service to keep up with rapidly changing financial habits and new technologies.
So what about Vouchr? If you haven’t heard of it, you may have already come across similar technologies when sending payments to friends and family.
Based in Toronto, Vouchr is a multimedia platform which can be utilized to provide an…