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Koho Financial granted access to Interac payment system as it expands services to compete with banks Koho Financial Inc. has received access to Interac Corp.’s IFC-T payments services as the online challenger moves toward joining Canada’s federally regulated banking system. The Toronto-based company said Tuesday it has been approved to use Interac’s e-Transfer service, which gives Koho more control over the cost and speed of transfers and payments. Ottawa has put a focus on increasing competition in Canadian banking and Interac has been broadening access to its payments network to include financial technology companies, which is used by nearly every bank in Canada.

KOHO Joins Interac e‑Transfer® as a Participant KOHO’s integration signifies advancement in Canada’s payment ecosystem, fostering innovation and expanding consumer options. TORONTO, May 12, 2026 – Interac Corp. (Interac) announced today that KOHO, a leading Canadian financial technology company, is joining the Interac e-Transfer® service directly as a Participant following the recent broadening of access to the service for qualified Payment Service Providers (PSPs). This milestone marks a significant step forward in providing Canadians with more choice and innovation in their digital payment options. “We are thrilled to welcome KOHO to the Interac e-Transfer service. By expanding access to our network, we are enabling more choice and innovation for consumers and businesses across the country,” said Jeremy Wilmot, President and CEO of Interac. “We look forward to working with KOHO and other providers to continue to evolve the digital payment experience for all Canadians.” With this new access, KOHO will be able to offer its users a more seamless and integrated Interac e-Transfer experience. As one of the first direct connector PSPs to the Interac e-Transfer service, KOHO is removing legacy constraints and creating the foundation to deliver new payment innovations faster. This direct connection can give KOHO greater control, accountability and flexibility to build features for the Canadian marketplace.