Rambus, a US-based provider of hardware and software technologies, has partnered with Google and Interac Association / Acxsys to add support for Interac debit cards on Android Pay in Canada.

The partnership will enable Interac debit cardholders, via Interac Token Service Provider (TSP), to make transactions at payment terminals in Canada. TSP was developed in partnership with Rambus.

Android Pay does not share credit or debit card number with the merchant when consumers pay in stores. Instead, it uses a virtual account number to represent the card.

In case of a lost or a stolen phone, consumers can use Google’s Find My Device feature to instantly lock the device, secure it with a new password, or remove their personal details.

Chakib Bouda, CTO of the Rambus payments division, said: “Interac Debit is one of the most popular payment methods in Canada. Our collaboration on the TSP will allow millions of consumers to enjoy secure mobile payments using Android Pay in Canada.”

Debbie Gamble, vice president of digital product and platforms at Interac Association and Acxsys, said: “We’re excited to bring Interac Debit on Android Pay to Canada.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“The launch of Android Pay is another example of how we are working to accelerate the growth of digital payment experiences in Canada through secure, tokenised digital debit transactions. Such accomplishments are the result of innovative technologies and strong partnerships, including our collaboration with Rambus.”