Community Impact

At Interac, we are committed to excellent corporate citizenship and community investment rooted in helping Canadians get more out of life. We demonstrate our responsibility through impact-oriented programming that helps Canadians build their financial and digital confidence.

Through research*, we learned:

61%

of Canadians say they face barriers that hinder feelings of financial control, and vulnerable groups* (younger Canadians, low income, and women) are more likely to say they face financial barriers compared to other demographics.

71%

of Canadians note that rising inflation has made it more important than ever to feel in control of their money.

Our community impact mandate is informed by a cross-section of Canadians from varying cultures, backgrounds, and lived experiences. Working together, we developed a better understanding of the role Interac can play in supporting communities and improving the livelihoods of Canadians.

Building financial and digital confidence

We are committed to helping Canadians build financial and digital confidence, particularly those individuals and groups who are not often given an equitable opportunity to achieve financial success.

We action this by:

Working with community partners to launch relevant educational tools that support diverse entrepreneurs and Canadians in building financial and digital literacy skills.
Increasing access to mentorship and career opportunities through community sponsorships that support the talent pipeline for newcomers to Canada.
Advocating for systemic change within the Canadian ecosystem by collaborating with community organizations and other corporations to develop and implement policies and frameworks that work toward addressing gender pay inequity.

Championing diversity and inclusion

We are committed to championing diversity within our walls while fostering a richness of belonging within them.

We action this by:

Hosting learning activities that educate employees on the importance of diversity, equity, and inclusion, and how we can all be better allies.
Implementing corporate policies that clearly articulate our stance against, and protect our employees from, any form of racism and/or discrimination.
Investing our community giving dollars in organizations that elevate underrepresented groups in key areas such as financial and digital literacy, access to employment, and the youth talent pipeline.
Understanding our workforce composition, their engagement, and what they value to determine needs and gaps in career development, progression, employee empowerment, and inclusion to inform programs, policies, and practices.

Supporting small businesses

We are committed to building solutions and partnerships that help small business owners from diverse backgrounds power their business with confidence.

We action this by:

Collaborating with other Canadian organizations to boost visibility of small businesses within our communities and encourage Canadians to invest within their own communities.
Working with Canadian industry associations, community organizations and local Chambers of Commerce to support small businesses in accessing resources and grant opportunities.
Sticking true to our commitment of being a low-cost, economical payments and value-exchange provider to help small businesses with their bottom line.

By the numbers: How Interac is supporting local communities

$750,000+

invested in community organizations in 2022

94,000+

Canadians supported through financial literacy programs

$105,000

raised for Canadians charities by Interac employees in 2022

50+

Canadians charities supported coast to coast to coast in 2022

Are you a not-for-profit organization that supports several of our commitments above?

Email community@interac.ca for Sponsorship and Community programming consideration.

Stories of impact

Read more about how Interac is working with community partners to build financial and digital confidence.

Interac supporting Canadian Red Cross Ukraine Humanitarian Crisis Appeal at Collision Conference

Interac will match donations up to $25,000 and asks Collision’s 33K+ attendees to join in supporting the cause.

Interac Corp. and Conscious Economics launch free national program to build financial confidence in diverse entrepreneurs

Interac Corp. is collaborating with Conscious Economics to support diverse entrepreneurs in building their financial confidence through a community-led national program

80 small businesses reconnected with their communities through the Interac InLife Marketplace

Interac Corp. was proud to partner with Metro Grocery to launch the Metro Retro Drive-In series

Interac certified by Diversio for meaningful action on diversity & inclusion

Diversity and inclusion in the workplace are top priorities for Interac Corp. Over the past two years, we’ve made great progress in creating meaningful and action-oriented change through our diversity and inclusion efforts.

Interac donated $180,000 to local communities through Giving Week campaign

At Interac, we are committed to creating moments that recognize and celebrate the diversity of our employees and the communities we serve.

2022 at Interac: Committed to community investment

Canadians faced unprecedented disruptions and navigated through turbulent times in 2022.

Interested in joining a company that is committed to excellent corporate citizenship and supporting local communities?

Check out Interac’s open positions

About the research on financial literacy and confidence of Canadians

Research was conducted by Discover by Navigator among 1,998 Canadians aged 18+ over the period October 9^th to 25^th, 2022. The online survey comprised of a core sample of 1,500 respondents representative of the general population in terms of gender, age, region and education; quotas and weighting were applied to ensure proportionate representation to the Canadian adult population according to Statistics Canada census data. The core sample was supplemented by an oversample of 498 respondents with an annual household income less than $55,000; subsample analysis of this “low income” cohort included a total of 1,000 respondents (core sample with household income <$55,000 + oversample) and was based on unweighted data. On average, the survey took 9 minutes to complete. An associated margin of error for a randomly selected sample of n=1,500 would be ±2.6%, 19 times out of 20.