Unbelievable that this is actually happening. We’ve been talking about it for a decade, and I was of the opinion that it was going to just fail to launch ever.
Goodbye EFTs! You won’t be missed in the slightest.
Venmo isn't in Canada. This also won't replace Interac's e-Transfers (a service similar to US' Zelle). Instead it is the structural underlying framework services like e-Transfer use that will only speed up the financial clearing processes.
Yes. It’s going to be like a hybrid of EFT (based on your bank account number, with scheduling but slow and only on weekdays/non-holidays) and Interac transfers (based kind of on your phone/email with some linking to your account and fast), and also with higher limits. You will be able to pay rent, bills, send money to your friends, etc. theoretically, with less fraud and cheaper.
Same, I have been following this for a while. So many countries basically already have a version of this, but I'm impressed Canada was able to make it happen.
[OP] unkz | a day ago
Unbelievable that this is actually happening. We’ve been talking about it for a decade, and I was of the opinion that it was going to just fail to launch ever.
Goodbye EFTs! You won’t be missed in the slightest.
BlindCarpenter | 19 hours ago
Will this be useful at the consumer level?
Minori | 19 hours ago
Yeah, it should replace Venmo and stuff.
Shahriar | 18 hours ago
Venmo isn't in Canada. This also won't replace Interac's e-Transfers (a service similar to US' Zelle). Instead it is the structural underlying framework services like e-Transfer use that will only speed up the financial clearing processes.
[OP] unkz | 18 hours ago
More to the point, it’s literally Interac that built and is operating it.
[OP] unkz | 18 hours ago
Yes. It’s going to be like a hybrid of EFT (based on your bank account number, with scheduling but slow and only on weekdays/non-holidays) and Interac transfers (based kind of on your phone/email with some linking to your account and fast), and also with higher limits. You will be able to pay rent, bills, send money to your friends, etc. theoretically, with less fraud and cheaper.
Wafik | 9 hours ago
Same, I have been following this for a while. So many countries basically already have a version of this, but I'm impressed Canada was able to make it happen.
kingofsnake | 9 hours ago
Maybe we can join France in search of an alternative office suite, too. Yeeesh