PayFacto Adds Interac Konek to Merchant Network
Canadian merchants can now accept Konek, a digital wallet that lets customers pay online directly from a chequing or savings account.
Updated on Nov. 7, 2026 in Couponing
Live Poll
Would you choose to pay online straight from your bank account instead of a card?
PayFacto has integrated Interac Konek digital wallet across its merchant network, making it available to merchants, technology partners, and channel partners. Konek is powered by Interac and backed by Canada's leading financial institutions.
Why it matters
Konek allows customers to pay at participating online merchants directly from a chequing or savings account, a method not available through other digital wallets in Canada. The integration is designed to lower acceptance costs compared with most traditional cards and includes features aimed at reducing fraud and chargeback disputes.
Konek is the only digital wallet in Canada where customers can pay at participating online merchants directly from a chequing or savings account, with payments made via Interac Direct. The source does not specify exact fee amounts or the number of merchants currently participating.
The players
PayFacto
PayFacto is a Canadian payments provider whose integrated commerce platform brings together payments, point-of-sale and digital commerce for merchants.
Interac
Interac is Canada's national interac debit network that powers the Konek digital wallet.
The details
PayFacto is making Konek available through its integrated commerce platform, which combines payments, point-of-sale and digital commerce. Konek includes issuer fraud liability, which shifts responsibility for eligible fraud losses from the merchant to the issuer.
Timeline
November 6, 2026: PayFacto announces the Konek integration.
Market Landscape
Konek builds on Interac Direct, the account-to-merchant payment network that Canadian banks use for debit payments. PayFacto's integration brings that network into online checkouts across its merchant base.
Canadians who shop online at participating PayFacto merchants may be able to pay directly from their chequing or savings account through Konek. The source does not confirm which merchants or banks currently support it.
The takeaway
Shoppers who want to pay directly from their bank account online may find Konek a new option at participating merchants. Checking whether a retailer accepts Konek before checkout can help you choose the payment method that suits you.
Further reading
For more on ways Canadian shoppers save at checkout, see Couponing.
Source note: This article includes information reported by Finextra Research.
Live Poll
Would you choose to pay online straight from your bank account instead of a card?
