Dream Payments, a Toronto-based fintech company, has introduced Interac e-Transfer payouts on its embedded payments platform, DreamPay.

This new capability enables real-time disbursements for participating banks, insurers, enterprises and SaaS platforms across Canada.

The Interac e-Transfer feature allows organisations to send payments directly to individuals or businesses using only an email address or mobile phone number, without the need to collect sensitive banking information.

DreamPay now supports Interac e-Transfer alongside electronic funds transfer (EFT), virtual cards and cheques.

The platform integrates with existing treasury, ERP and claims systems without requiring infrastructure changes.

“Dream’s clients and partners, whether they are banks, insurers or SaaS platforms, want speed, security and simplicity. That is exactly what we have delivered through the Interac e-Transfer service,”

said Anant Tailor, Chief Product Officer at Dream Payments.

“With Interac e-Transfer, we have unlocked and democratised access to real-time money movement in Canada. Whether through our modern Payout API or our no-code DreamPay Payout Portal, we have made it easy for businesses to embed instant payouts into their operations, no disruption, no delays. It is a dramatically better experience for payees, whether it is a claimant anxiously waiting for a payment or a supplier looking to get paid faster.”

“Interac e-Transfer is deeply embedded in the way Canadians move money,”

said Glenn Wolff, Group Head and Chief Client Officer at Interac Corp.

“Dream’s platform is helping more organisations meet customer expectations by embedding Interac directly into their digital journeys.”

The launch aligns with Dream Payments’ participation in the 2025 Payments Canada Summit, where the company will appear on stage and host executive briefings with financial institutions, insurers and platform providers.

Featured image credit: edited from freepik