According to The Financial Post, Samsung Pay is expanding to more Canadian financial institutions soon. The payment platform came to Canada in late 2016, and is currently only compatible with CIBC Visa cards. Allegedly, the service will soon include Interac, meaning it will be accessible through a number of Canadian banks as early as this month.
Interac compatibility made Apple Pay a success in Canada, as many banks use it for both credit and debit card transactions. Likewise, Google’s Android Pay has recently come to Canada and works with most banks, including BMO, CIBC, Banque Nationale, Scotiabank, Desjardins, President’s Choice Financial, ATB Financial and Canadian Tire Financial Services.
Samsung is being tight-lipped about the rumor so far, providing the following statement to The Financial Post.
“Thank you for your interest in Samsung Canada. Samsung Pay is available in Canada for select CIBC customers. We look forward to sharing more details about expansion soon.”