As I mentioned earlier to the team, the key obstacle is being able to meaningfully move money from account to account. A lot of the fintech providers in Canada put a number on the screen, and this number on the screen is the money you have. If you want it to land in your account, there is a certain amount of delay, depending on the amount that you want to move and such. For a meaningful settlement system or a meaningful payment network, the ability for the consumer to have faith in the service that you deliver frequently relies on your ability to land this money in their bank accounts, and this is only possible through Interac.
On December 5th, 2024. See this statement in context.