Interac Debit comes to Samsung Pay in Canada

Interac Debit on Samsung Pay is now available in Canada, bringing the convenience, security and privacy of contactless transactions to customers with debit cards issued by participating financial institutions and who use supported Samsung devices.

Consumers can use Interac Debit on Samsung Pay at hundreds of thousands of merchant locations across Canada where contactless payments are accepted. Just look for the contactless symbol on the payment terminal at checkout.

“We are excited to deliver an industry-leading offering with Samsung Pay that redefines how to simply, more securely and conveniently use smartphones for a variety of payment experiences so that Canadians are not without the card they need,” said Paul Brannen, COO and Executive Vice President of Samsung Electronics Canada.

The launch of Interac Debit on Samsung Pay is the latest example of how Interac, is working in partnership with technology companies and financial institutions, to provide consumers and merchants with payment solutions and exceptional user experiences in an increasingly digital world. 

According to insights shared through the 2017 Global Digital Banking Conference, cash usage in Canada has been in decline 5% per year on average, since 2011 and the majority of Canadians (close to 60%) have stated that they are comfortable using digital only providers for payments