The commitment to small business has been strong at Interac—what does being named a 2024 Small Business Champion mean to your team?
Being named a 2024 Small Business Champion is an honour for our team at Interac Corp. It’s a recognition that validates our long-standing commitment to supporting Canada’s small and medium-sized businesses. More than just economic drivers, they are the heart of our communities, representing 98% of all Canadian businesses, contributing over 34% of the national GDP, and employing nearly two-thirds of working-aged Canadians. This award reinforces our mission to empower entrepreneurs from day one and fuels our drive to continue building tools, resources, and partnerships that help SMB’s thrive.
How is Interac helping entrepreneurs adopt more secure and efficient payment solutions?
At Interac, we understand that secure, low-cost payment solutions are vital to small business success. That’s why we offer Interac® Debit — a trusted, cost-effective payment option that helps entrepreneurs keep more of what they earn. For added flexibility, Interac e-Transfer® for Business enables small businesses and entrepreneurs to:
- Send bulk payments to multiple recipients
- Invoice clients with higher transaction limits
- Gain near real-time visibility into cash flow and money management
These products offer a powerful combination of tools that help entrepreneurs and small-to-medium-sized businesses (SMBs) operate more efficiently, securely, and keep costs predictable and low.
Beyond payments, we offer initiatives like our ‘From Dollar One’ hub, where entrepreneurs can gain access to practical financial tools and educational resources that help SMBs take control of their finances and grow with confidence. Interac also collaborates with Mindfulness & Money to offer a free online program designed to help entrepreneurs develop their financial wellbeing skills and build their financial confidence. Our goal is to be more than a service provider — we’re a partner in fostering a stronger, more inclusive small business ecosystem across Canada.
