Interac - About the company
Interac is a funded company based in Toronto (Canada), founded in 1984. It operates as a Canadian payment network. The company has 5 active competitors, including 3 that have exited. Its top competitors include companies like Visa, Mastercard and Olive.
Company Details
Interac is a Canadian National card network service provider. It is responsible for the development and operations of the Interac network, a national payment network that allows Canadians to access their money at ABMs through the Interac Cash service and at point-of-sale terminals across Canada through the Interac Debit service. Interac Debit also includes Interac Flash, a secure contactless enhancement that allows Canadians to pay for items instantly by holding their cards at point-of-sale readers that support Interac Flash. It also offers a secure money transfer service between accounts in the financial institutions in the network, a hosted payment gateway page to merchants which enable direct debit from the Interac partnered financial institutions. Enables secure transactions through Tokenization.
- Website
- www.interac.ca/en/
- Social
Key Metrics
Founded Year
1984
Location
Toronto, Canada
Stage
Funding Raised
Investors
Ranked
3rd among 5 active competitors
Employee Count
1,067 as on Jun 30, 2026
Investment & Acquisitions
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Interac's funding and investors
Interac is a funded company. Interac has 1 institutional investor.
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Interac's founders and board of directors
Founder? Claim ProfileInterac's employee count trend
Interac has 1,067 employees as of Jun 26. Here is Interac's employee count trend over the years:
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Interac's Competitors and alternates
Top competitors of Interac include Visa, Mastercard and Olive. Here is the list of Top 10 competitors of Interac, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Visa 1958, San Francisco (United States), Public | Digital payment technology platform for both individuals and businesses | - | 80/100 | |
2nd | Mastercard 1966, Purchase (United States), Public | Payment card network for businesses and individuals | - | 76/100 | |
3rd | Canadian payment network | - | 42/100 | ||
4th | Fintech platform that offers a card-linking solution for businesses | - | - | 34/100 | |
5th | Network of ATMs | - | - | 32/100 |
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Interac's Investments and acquisitions
Interac has acquired 2Keys. Interac has not made any investments as of now.Reports related to Interac
Here is the latest report on Interac's sector:
News related to Interac
Filter this listMedia has covered Interac for a total of 7 events in the last 1 year, 4 of them have been about partnerships and 3 about company updates.
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Finix and Interac Team to Expand Canadian Merchants’ Payment OptionsPYMNTS.com•Oct 24, 2025•Finix, Interac
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Canadian lawmakers target Interac, hint big-bank owners should be forced to sellFinancial Post•Dec 10, 2024•Interac
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FAQs about Interac
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