Canadian Crypto Buyers Gain Faster Access as MoonPay Adds Interac Payments

With Interac integrated into MoonPay's platform, users in Canada can now buy crypto directly from their bank accounts without entering card details or sharing credentials with MoonPay. Leveraging the familiar Interac system streamlines the process: users select “Interac” at checkout, authenticate via their bank’s app or online portal, and receive crypto within approximately 30 minutes. Importantly, MoonPay does not handle users' bank credentials, as all verification occurs entirely within the banking system itself. This integration matters because Interac supports over 250 Canadian financial institutions, making the option accessible to the majority of bank account holders across the country.

Interac e-Transfer is one of Canada’s most widely used peer-to-peer payment services. Since its launch in 2003, it has become a daily fixture in both personal and business transactions. Users typically send funds using only an email address or mobile number, while the actual money moves securely through banking networks rather than over messaging channels. In practice, most transfers settle within minutes, though delays of up to half an hour are possible depending on the institution. For Canadians already accustomed to the service, this integration means the crypto purchase experience feels familiar rather than experimental.

For MoonPay customers specifically, transactions now arrive faster than card-based alternatives, authentication happens entirely within the security of a bank’s app, and no third party receives account information. The added trust in a recognized local payment rail also lowers friction for new entrants to digital assets. At this stage, the functionality applies only to “Buy” transactions—sell orders, recurring trades, or transactions initiated outside Canada are not yet covered by the system.

The timing of this integration is noteworthy. In April 2025, MoonPay announced the opening of a new U.S. headquarters in SoHo, New York City, which it describes as a strategic expansion, positioning the company at the heart of global finance and innovation. Around the same time, MoonPay launched a stablecoin-enabled Mastercard debit card, and secured both a BitLicense and a money transmitter license from the New York State Department of Financial Services, milestones underlining its intent to operate within a regulated and compliant framework.

Meanwhile, Canada has continued to enhance its domestic payment infrastructure. Interac e-Transfer for Business now supports real-time transfers, bulk payments, ERP integration, and elevated transaction limits, up to $25,000, making it well-suited to both consumer and commercial payment use cases. Against this backdrop, MoonPay’s integration of Interac e-Transfer for Canadian users dovetails with broader efforts to modernize payments by marrying digital-asset accessibility with established financial rails.

For Canadian crypto buyers, there are practical details to keep in mind. MoonPay applies its standard “buy” fees to transactions, and certain banks may also impose Interac sending charges. Transfer amounts remain subject to the lower of the bank’s e-Transfer limits and the thresholds assigned to each MoonPay account. In most cases, only personal bank accounts are eligible to complete such transfers, as business or joint accounts may reject them. Finally, payment requests generated through MoonPay expire if not completed within about 30 minutes, so users must act quickly once initiated.

MoonPay CEO Ivan Soto-Wright highlighted Canada’s importance to the company’s growth strategy, stating, "Canada is one of the fastest-growing crypto markets, and Interac® is the gold standard for payments here." He added, "By adding Interac e-Transfer, we're making it simple for Canadians to access the crypto economy in just a few clicks."

The integration therefore extends beyond mere convenience. By blending crypto access with one of Canada’s most widely trusted payment methods, MoonPay reduces barriers for users who may have hesitated over security or usability in the past. For the payments sector, it illustrates how global fintechs increasingly adapt to national infrastructures rather than imposing a uniform, card-centric approach. For Canada specifically, it situates crypto more firmly within an established and regulated financial ecosystem, supported by the same network millions of Canadians already use daily.

By integrating Interac e-Transfer, MoonPay has tailored its offerings to the Canadian market in a way that marries the trust and convenience of local banking with the frontier of digital assets. For a payments system as mature and widespread as Interac, the leap into crypto represents not just another technical option but a bridge between Canada’s mainstream financial sector and the fast-moving world of blockchain.