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Canada s Interac brings e-Transfers to business payments

Editorial | what does this mean? This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Canada s Interac brings e-Transfers to business payments 16 hours ago Canadian debit network Interac is opening up its e-Transfer P2P payments service to businesses. Interac e-Transfer lets the customers of 13 Canadian financial institutions send money directly from their bank accounts to the accounts of other consumers and businesses, using their email address or mobile number. Now, Interac e-Transfer for Business promises firms similar convenience, with transaction limits of up to $25,000 and payment confirmation provided within seconds.

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