At the Payments Canada Summit in early June, Clik2pay launches its new service, which leverages Interac e-transfer to pay bills and invoices from a bank account by text, e-mail, or QR code.
Through Peoples Trust Company, part of People’s Group, the Clik2pay service provides an alternative to credit cards and cheques along with legacy systems like pre-authorized debits.
“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,” says Michael Bradley, CEO and Founder of Clik2pay. “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.”
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.
To showcase the functionality of its QR code payment option and support a good cause, Clik2pay has launched a charitable campaign with Make-A-Wish Foundation, an organization that works with communities across the country to provide children with critical illnesses the opportunity to realize their most heartfelt wish. Kicking off at the SUMMIT session and running until Canada Day, each time someone donates $5 to Make-A-Wish using Clik2pay, the start-up will cover all services fees so 100 per cent of the donation flows through to Make-A-Wish. Donors can try out the QR code below or click this link to make a $5 donation.