“Canadian debit-payments firm Interac Corp. is experiencing a surge in digital and contactless transactions as consumers make purchases from home and try to keep their hands clean during the coronavirus pandemic. There were 51.9 million e-transfers sent through Interac in March, the first time the 50-million mark has been crossed in a month. “We’re conducting ongoing analysis into the impact of COVID-19 on how Canadians are using the Interac e-Transfer platform compared to regular state,” spokesperson Rebecca DeLuca said in an email. “While some Interac e-Transfer use cases will decrease during social distancing (splitting a dinner tab), we anticipate that others will rise or emerge, such as paying someone back for a grocery run.””
Interac Sees Digital and Contactless Payment Rush As Consumers Hunker Down During Coronavirus Pandemic
Financial Post
