Interac and Finix Collaborate to Improve Payment Solutions Tech for Merchants

Last year, we reported on San Francisco’s Finix parterning with Vancouver-based financial services Peoples Group to launch its suite of unified payment offerings in Canada.

The move marked the first international launch for California-born Finix, a full-stack payment processor and infrastructure provider powering customers from startups to multinationals and publicly traded companies.

“Adding to our international footprint with our Canadian expansion helps even more businesses drive revenue while streamlining operations,” cofounder Richie Serna stated in 2024.

Finix’s complete solution supports payment acceptance and payouts at scale while including embedded compliance, underwriting, intelligent fraud monitoring, consolidated reporting, and dispute management—centralized into one platform.

This month, Finix announced a partnership with Interac.

The integration with Interac Debit brings in-store payments to Canadian merchants on the Finix platform, according to a joint statement from the two fintechs, which describes the partnership as a “significant milestone in the company’s rapid expansion of its payment offerings in Canada.”

“Payments should be simple, not stitched together,” explains Serna, who serves his startup as chief executive officer. “Finix is building the infrastructure that lets businesses focus on growth, not payment complexity.”

In-store payments are essential for many small and medium-sized businesses in Canada, he says; together, Finix and Interac are empowering local businesses to modernize their payment infrastructure while providing customers with secure, convenient options to pay how they choose.

“Our work with Interac makes it easier for merchants in Canada to accept in-store payments the way customers actually want to pay,” Serna stated.

Glenn Wolff, Chief Client Officer at Interac, says the “integration with Finix reflects our commitment to providing secure and convenient payment solutions for Canadians and merchants.”

“By expanding access to Interac Debit through the Finix platform, we’re helping merchants meet the evolving payment preferences of their customers and helping support the modernization of payments across Canada,” Wolff said.