Karsten Wenzlaff, Advisor
August 26th, 2025
Karsten Wenzlaff is a Crowdfunding and Fintech Expert from Germany. He is Secretary-General of Digit[...]
REV Prepaid Adds Interac Cash Out To Corporate Cards
Apr 16, 2026 | NCFA Fintech Market Activity | Payments And Money Movement, Embedded Finance Platforms And Partnerships
Prepaid Programs Become Easier To Use
On April 15, 2026, REV Prepaid launched outbound Interac e-Transfer for corporate prepaid cards in Canada. The company says it's the first provider in Canada to let cardholders move funds directly from a corporate prepaid card to a personal bank account. Until now, these cards have largely been limited to point of sale purchases or ATM withdrawals.
Prepaid cards are still a smaller category than debit or credit in Canada, but growth is steady. Payments Canada's 2025 payment methods and trends report says prepaid card transaction volume rose 5% in 2024, while prepaid card volume and value have increased 7% and 24% since 2019. The Bank of Canada report shows 9% of Canadians used a prepaid credit card in 2024, and that share has stayed about the same since 2022.
Sara Mackay Smith, CEO, REV Prepaid:
“If a cardholder would rather move those funds to their bank account than spend at point of sale, they should be able to do that.”
The use case is larger than just employee perks. REV says prepaid is increasingly being used for incentives, rebates, rewards, and disbursements. If users face friction when trying to use the funds, program value drops and support costs rise. In this way, outbound Interac e-Transfer can reduce cardholder support requests while improving satisfaction and adoption.
See: Payments Canada Admits Five New Payment Service Providers
Interac is already a familiar way for people to move money between accounts. Bringing that capability into corporate prepaid programs makes those cards feel less like closed loop payment tools and more like sending digital payments but letting recipients decide how to receive it. Companies are looking for alternatives to cheques and direct deposits, but they also need those alternatives to be simple for recipients to use.
Talking Point
The big change is control. Employers and program sponsors still choose how funds are sent, but recipients now have more say in how they access the money. That makes prepaid programs easier to use and more competitive with traditional payout methods.
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