Dream Payments this month announced the launch of Interac e-Transfer payouts across its embedded payments platform, DreamPay.
The new feature enables real-time disbursements for participating banks, insurers, enterprises, and software-as-a-service platforms across Canada, according to a statement from the Toronto fintech.
“Dream’s clients and partners—whether they’re banks, insurers, or SaaS platforms—want speed, security, and simplicity,” says Anant Tailor, who serves as Chief Product Officer at Dream. “That’s exactly what we’ve delivered through the Interac e-Transfer service.”
The convenience of e-transfer means organizations can instantly deliver funds to individuals or businesses using only an email address or mobile phone number, without the need to collect sensitive banking information.
“Dream’s platform is helping more organizations meet customer expectations by embedding Interac directly into their digital journeys,” stated Glenn Wolff, Group Head and Chief Client Officer for Interac Corp.
The Interac integration comes in addition to DreamPay’s support for EFT, virtual cards, and cheques.
“With Interac e-Transfer, we’ve unlocked and democratized access to real-time money movement in Canada,” Tailor said, “Whether through our modern Payout API or our no-code DreamPay Payout Portal, we’ve made it easy for businesses to embed instant payouts into their operations—no disruption, no delays. It’s a dramatically better experience for payees, whether it’s a claimant anxiously waiting for a payment or a supplier looking to get paid faster.”
The launch will be made official by Dream at the 2025 Payments Canada Summit, where the company will appear on stage and host executive briefings with financial institutions, insurers, and platforms.
“Interac e-Transfer is deeply embedded in the way Canadians move money,” said Wolff. “We’re proud to see our capabilities expanding into high-impact use cases like insurance, where speed and trust matter most.”
Dream Payments was founded in 2014.
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