Konek is a new payment service from Interac that is similar to PayPal. Users can pay for items online securely with their debit, credit, savings, chequing, or line of credit. Currently only available with RBC, National Bank of Canada, BMO, Scotiabank, TD banks. Also, Staples is currently the only merchant that uses Konek, but more is on the way.

https://konek.ca/en/

Canada still relies entirely ​on visa and MasterCard ​for online payments.

Last year interac ​launched KONEK as a checkout platform to let people pay directly from their bank accounts (basically bypassing credit cards using Interac rails), which sounds like a big step toward reducing that dependence.

But rollout seems ​really slow?

It’s been months with barely any updates, and only a handful of merchants seem onboarded so far I’ve only really seen staples which barely anyone uses and is ironically American. For something that could be pretty important for Canada’s payment independence, it feels like it’s barely moved.

Is there something we can do to pressure interac to speed up the roll out and adoption for KONEK