Interac CEO discusses the company's 3-year growth plan
BNN Bloomberg
Interac Chief Executive Officer Jeremy Wilmot says Canada’s digital economy has a strong foundation as the company looks to execute its three-year growth strategy.
In an interview with BNN Bloomberg Thursday, Wilmot said Interac’s debit cards are used by consumers more than six billion times a year, Interac e-transfer is used over 100 million times each month and Interac Verified is used over 500 million times each year.
“The financial services industry is very strong. e-transfer is a well-liked real-time payment method. And so we've got a lot of the building blocks in place. Now it's a question of configuring that, accelerating it, and that's the strategy to do that,” Wilmot said.
He added that the move toward digitization is happening on a global scale and the highly competitive industry is “recession-proof” and growing at a fast pace.
