It would be awesome if Canada could do this.
“Every time a European taps a card, pays online or splits a bill with friends, the transaction flows through infrastructure owned and operated by American companies.”
It would be awesome if Canada could do this.
“Every time a European taps a card, pays online or splits a bill with friends, the transaction flows through infrastructure owned and operated by American companies.”
Interac Debit is a purely Canadian operation, I think. They have Interac Direct, which Canadian financial institutions and merchants are familiar with. So if they make a move towards a credit card, the timing might be right.
https://www.interac.ca/en/payments/personal/interac-direct/
A lot of Credit Unions use them. Now if we could get a few Canadian banks to follow in their footsteps - but it will only happenn if Canadians push for it.
I might actually explore changing banks for this. My Tangerine debit used to be interac but switched to visa debit at some point.