Canadians applied Interac e-Transfer to make 371.four million transactions in 2018, according to new numbers supplied by the firm.
The Canadian interbank network was established in 1984. It also serves as Canada’s debit card method.
Final year along, Canadians sent $132.eight billion CAD through e-transfer and there had been about 15.two million active customers per withdrawing money per month.
The worth of Interac e-Transfer averaged out to $357 CAD and transactions beneath $200 accounted for 60 % of all transactions. Forty-5 % of transactions had been beneath $100.
In total in 2018, customers created six billion transactions, which suggests that is 160 transactions per Canadian. By the finish of the year, there had been 25.9 million active debit cards in Canada.
The total worth of all debit transactions final year amounted to $251.three billion CAD.