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Corporate Year in Review

Powering Connections in Canada

Interac Corp. empowers Canadians to transact digitally with confidence by providing payment and value exchange services rooted in security, reliability, and efficiency. ​

The 2020 Corporate Year in Review provides information about our annual performance, our strategic plans and the role Interac plays in the lives of Canadians. While not a publicly traded company, transparency and accountability are central to our place in the Canadian economy. We are focused on delivering value to our stakeholders and collaborating across the financial industry to streamline life for Canadians.​

Message from the President and Chief Executive Officer​

With millions of Canadians depending on Interac solutions every day, we worked quickly to maintain business continuity, network stability, and security at the onset of and throughout the pandemic.

Read the letter​

Corporate Performance

In a year of unprecedented uncertainty and change, Interac met its financial targets for the 2020 fiscal year.
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21%
Consolidated revenue growth​
45%
YoY growth of Interac e-Transfer transactions​
11.8%
YoY growth of Interac Debit contactless transactions​

Strategy

Interac plays an important role in the Canadian payments ecosystem, connecting our participants to their customers across Canada. Our strategy in 2020 focused on the following:​

  1. Paving the way for rapid commercialization through a unified Interac digital platform​
  2. Laying the foundation for new lines of business​
  3. Building on our leading position in Canadian payments​
  4. Seeking a leadership role in digital ID​
Read more​

People and Community

During a challenging year we were inspired to look inward and find new ways to outwardly support our communities, embrace inclusivity and drive positive change.​

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