Competition Bureau monitoring Interac’s commitment on e-transfer pricing

News Competition Sanctions & Fines

Date: 10th Jul, 2025 Source: Competition Bureau Country: Canada Original Source

Brief

On July 10, 2025, the Competition Bureau issued an update regarding "Competition Bureau monitoring Interac’s commitment on e-transfer pricing". The Bureau is monitoring Interac's commitment to change its wholesale e-transfer pricing structure from volume-based to a flat-fee. This change aims to level the playing field for smaller banks and credit unions by reducing costs associated with processing e-transfers, promoting more competition and innovation in Canada's financial services sector.

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Competition Bureau monitoring Interac’s commitment on e-transfer pricing

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Competition Bureau monitoring Interac’s commitment on e-transfer pricing

Brief

Competition Bureau

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