lik2pay, Canada’s first seamless, near-real-time bill payments service launched at the Payments Canada SUMMIT.
Leveraging the trusted Interac e-Transfer service and offered through Peoples Trust Company, part of People’s Group, the innovative service lets customers easily pay bills and invoices from their bank account by text, e-mail or QR code. Clik2pay provides an alternative to expensive options like credit card and cheque, and legacy systems such as the existing bill pay network and pre-authorized debits.
Businesses and charitable organizations issuing bills or invoices can initiate payment requests with Clik2pay via API, batch upload or on an individual basis. For their customers, no sign up or app download is required and transfers can be completed in just a few clicks using the highest levels of bank security. Nearly all Canadian financial institutions already support Interac e-Transfer, so there is no need for changes or integration costs at the bank level.
Michael Bradley, CEO and Founder of Clik2pay, said:
“More than 40 per cent of Canadians prefer to pay their bills directly from their bank account, but the options to do so efficiently just haven’t been there. As a result, Canadians have relied on credit cards and the existing bill pay network, which is cumbersome by today’s standards. Guaranteed payments in near real-time, especially now when segments of the economy are struggling through the pandemic, have benefited our clients and their customers, who can now better contain their costs and manage their cash flow.”
Howard Klein, President of Peoples Payments and Cards, part of Peoples Group, said:
“Exciting things happen when established financial institutions collaborate with paytechs in Canada, and Peoples Trust Company is thrilled to partner with Clik2pay, Clik2pay gives control over payments back to the customer. It makes it simple and fast for them to pay from their bank account and makes it easier for businesses to manage cash flow and reduce the cost of their payments.”