Montreal-based payment solutions provider integrates Konek digital wallet across its platform and merchant network
TORONTO, Oct. 29, 2026 /CNW/ -- Interac Corp. (Interac) today announced that PayFacto Payments Inc. (PayFacto), a Montreal-based leader in payment and hospitality technology, is integrating Konek across its merchant and partner networks in Canada, giving businesses the option to enable account-based payments alongside card-based payments. Konek is powered by Interac and backed by the country's leading financial institutions.
Konek is the only digital wallet in Canada where customers can pay at participating online merchants directly from a chequing or savings account with a participating financial institution through Interac Direct®, which is designed to help lower the cost of acceptance compared with most traditional cards.
For merchants, Konek has been designed with specific features that help reduce fraud and chargeback disputes, key pain points that can impact their bottom line and cause operational strain. This includes issuer fraud liability, which shifts responsibility for eligible fraud losses from the merchant to the issuer.
"Canadians are asking for more choice in how they pay, and merchants want that choice to work harder for their business," said Kris Zanuldin, Head of Konek at Interac. "By enabling Konek, PayFacto is giving Canadian merchants a way to meet that demand while managing what it costs them to get paid. That combination is what's driving real momentum for account-based payments in Canada."
PayFacto is making Konek available to its merchants, technology and channel partners through its integrated commerce platform, which brings together payments, POS and digital commerce.
"PayFacto has always focused on delivering flexible payment technology that helps merchants operate more efficiently and better serve their customers," said Martin Leroux, Chairman & CEO of PayFacto. "Integrating Konek is a natural extension of that commitment, giving Canadian businesses a homegrown payment option built on the financial infrastructure we already know and trust."
For more information about Konek and how it's shaping the future of Canadian digital commerce, visit Konek.ca.
About Konek
Konek is Canada's way to pay, offering Canadian shoppers an e-commerce payment solution. Konek is powered by Interac Corp. and backed by Canada's leading financial institutions, allowing Canadians the choice to pay with an eligible debit, credit card, or directly from their bank account at participating financial institutions, depending on merchant acceptance. Direct payments from chequing or savings are powered by Interac Direct™, a new digital payments solution available exclusively through Konek. This e-commerce payment solution gives customers more choice, convenience and control in how they pay. For more information, visit www.konek.ca.
About Interac Corp.
Interac empowers Canadians to transact digitally with confidence by providing payment and value exchange services. In helping to develop the future of money movement in Canada, security is at the core of everything we do. We help keep Canadian customers safe and secure when transacting. With nearly 300 financial institutions connected to our network, Canadians choose Interac products over 20 million times a day on average to exchange money. Interac champions workplace culture, community, and corporate citizenship. We are proud to be one of Canada's leading and most trusted financial brands.
About PayFacto
PayFacto is a leader in payment and hospitality technology, serving merchants, independent software vendors (ISVs), and independent sales organizations (ISOs). Headquartered in Montreal, with operations in Canada, the United States, and the United Kingdom, PayFacto delivers an open, integrated commerce platform that brings together payments, POS, and digital commerce, giving businesses greater control over how they sell, operate, and grow. For more information, visit payfacto.com.
SOURCE Interac Corp.
Media contacts: Interac: [email protected]
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