MoonPay, a prominent player in the cryptocurrency payment sector, has made a significant advancement for Canadian customers by introducing Interac e-Transfer® as a new payment option. This addition aims to simplify the process of acquiring digital assets for users across Canada, leveraging one of the nation’s most trusted payment networks.
The integration of Interac e-Transfer allows MoonPay users to fund transactions in Canadian dollars directly from their bank accounts. This feature promises not only security and speed but also a familiar experience that Canadians are accustomed to when conducting online transactions.
Ivan Soto-Wright, the CEO of MoonPay, highlighted the importance of the Canadian market, stating, “Canada is one of the fastest-growing crypto markets, and Interac® is the gold standard for payments here.” With the addition of Interac e-Transfer, MoonPay facilitates a user-friendly approach for Canadians to enter the crypto economy with just a few clicks.
Interac is widely utilized across Canada for various transactions, providing users with ease and reliability. Through the intermediation of Paramount Commerce, MoonPay customers will now benefit from a streamlined payment process. Users can select their participating bank, complete the payment directly within their bank’s app or online banking, eliminating the need for manual entry.
The key benefits of this new payment option for Canadian users include:
- Fast Transactions: Real-time payments enabled through Interac e-Transfer for Businesses.
- Trust and Security: Interac’s payment infrastructure is backed by a network of Canadian banks and credit unions, ensuring a secure transaction process.
- Seamless Experience: Users can pay directly from their Canadian bank accounts in CAD, enhancing convenience.
As of today, eligible Canadian customers can utilize Interac e-Transfer as a payment method on MoonPay’s platform.
MoonPay stands out by simplifying access to the crypto market, allowing users to buy, sell, and trade cryptocurrency using everyday payment methods such as credit cards, Apple Pay, PayPal, and Venmo. The platform also offers tools for sending, receiving, and managing stablecoins, thereby catering to both newcomers to digital assets and businesses looking to navigate the crypto landscape.
With a user base of 30 million and the infrastructure support for nearly 500 companies in the decentralized economy, MoonPay plays a pivotal role in driving mainstream adoption of cryptocurrency. The company is fully licensed in the United States and regulated in several regions including the UK, EU, Canada, and Australia, boasting enterprise-grade security certifications.
Paramount Commerce, the partner behind the Interac integration, is dedicated to simplifying payment processes in Canada and is recognized as a leading pay-by-bank provider. With its solutions trusted by millions and a remarkable processing volume exceeding $100 billion, Paramount Commerce focuses on creating exceptional experiences for both merchants and consumers.
