KOHO Directly Joins Interac e-Transfer Network, Expanding Canadian Digital Payment Options
Event summary
- KOHO becomes a direct participant in Interac e-Transfer service on May 12, 2026.
- Interac expanded access to its network for qualified Payment Service Providers (PSPs).
- KOHO is among the first PSPs to connect directly, removing legacy constraints.
- Interac e-Transfer processed 1.6 billion transactions in the previous year.
The big picture
This integration reflects Interac's strategy to open its network to more fintech players, fostering competition and innovation in Canada's digital payments space. With nearly 300 financial institutions already on its network, Interac is solidifying its position as the backbone of Canada's money movement infrastructure. KOHO's direct participation could set a precedent for other PSPs seeking greater control over payment experiences.
What we're watching
- Innovation Pace
- How KOHO's direct connection will accelerate new payment features for Canadian users.
- Market Competition
- Whether this move pressures other fintechs to seek direct Interac integration.
- Regulatory Compliance
- The extent to which Payments Canada's oversight impacts future PSP integrations.
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