Financial Services

Accelerating growth for remittance and financial providers

Make sending and receiving money easier with real-time payments. Payins and payouts directly from Canadian bank accounts—no cards, no cash pickups, just a frictionless digital experience.

Why Paramount for Financial Services?

Unbeatable speed and uptime

Sub-20ms latency and elite uptime built to handle traffic surges on holidays like Lunar New Year.

Bank redundancy and scalability

Smart routing across Canada's top banks maximizes throughput, acceptance rates, and overall conversion.

Two ways to pay in real-time

Offer both Interac e-TransferⓇ and Request Money in one streamlined solution to improve conversion.

Your Canadian partner

20+ years in Canada: your boots on the ground supporting local payment rails.

The benefits are indisputable

4M

Canadians in our  network will get access  to faster payments

2.4B

Dollars  processed annually  for Canadians

328%

YOY growth  of pay by bank payment volume

100%

Bank coverage across Canadian banks

Hear what our customers have to say

"As we expanded into Canada, Paramount Commerce provided invaluable expertise on the local payment landscape. Their team went above and beyond to educate us on the market's do's and don'ts, making us feel safe, confident, and fully supported in our growth strategy.”

Anton Wahlberg

CFO, Transfer Galaxy

“Our partnership with Paramount Commerce allows us to offer a best-in-class solution for money transfer operators and their customers. By utilizing Paramount Commerce’s instant payout capabilities, we are setting a new standard for cost efficiency, speed, and transparency in international money transfers to Canada.”

Ani San

Co-founder & Chief Business Officer, Terrapay

The Preferred Choice for Canadians

Overcome the barriers of distance with a payment partner that provides the local expertise, full bank coverage, and trusted pay-by-bank solutions necessary to win in Canada. Secure seamless, real-time transfers that build customer trust.

Real-Time Rail Ready

Paramount is proud to be among the first Payment Service Providers (PSPs) to join Payments Canada. We’ve built the infrastructure, so your financial service or remittance platform can leverage the Real-Time Rail (RTR) from day one.

Partner with a PSP that’s connected to Canada’s next-generation payment network.

Frequently asked questions

Do remittance providers need a license to work with Paramount Commerce?

With Paramount’s Interac product, consumers accept the payment through their bank’s app or online banking. Funds are debited from the consumer’s bank account in real-time drastically reducing chargebacks.

Is Paramount Commerce compliant with Canadian payment processing regulations?

With Paramount’s Interac product, consumers accept the payment through their bank’s app or online banking. Funds are debited from the consumer’s bank account in real-time drastically reducing chargebacks.

Can I accept payments from customers across Canada?

With Paramount’s Interac product, consumers accept the payment through their bank’s app or online banking. Funds are debited from the consumer’s bank account in real-time drastically reducing chargebacks.

What is the settlement cycle for collected funds?

With Paramount’s Interac product, consumers accept the payment through their bank’s app or online banking. Funds are debited from the consumer’s bank account in real-time drastically reducing chargebacks.

Do I need a Canadian bank account?

With Paramount’s Interac product, consumers accept the payment through their bank’s app or online banking. Funds are debited from the consumer’s bank account in real-time drastically reducing chargebacks.

How does Paramount Commerce reduce chargebacks?

With Paramount’s Interac product, consumers accept the payment through their bank’s app or online banking. Funds are debited from the consumer’s bank account in real-time drastically reducing chargebacks.

What is the cost structure for processing bank transfers?

With Paramount’s Interac product, consumers accept the payment through their bank’s app or online banking. Funds are debited from the consumer’s bank account in real-time drastically reducing chargebacks.

Can I see transaction data in real-time?

With Paramount’s Interac product, consumers accept the payment through their bank’s app or online banking. Funds are debited from the consumer’s bank account in real-time drastically reducing chargebacks.

Can I integrate your reporting with my internal systems?

With Paramount’s Interac product, consumers accept the payment through their bank’s app or online banking. Funds are debited from the consumer’s bank account in real-time drastically reducing chargebacks.

Is there any manual reconciliation needed to accept Interac e-Transfer?

With Paramount’s Interac product, consumers accept the payment through their bank’s app or online banking. Funds are debited from the consumer’s bank account in real-time drastically reducing chargebacks.

Move money faster with Paramount

See how global financial platforms leverage our pay by bank network to lower processing costs, eliminate chargebacks, and build long-term customer loyalty.