Over the past year, Central 1 has been expanding its portfolio of clients, seeking to add more diversity to our network, strengthening our scale and increasing our commercial orientation to bring value to all of our members and clients.

Most recently, Wealthsimple — one of Canada’s fastest growing and most trusted money management platforms — has joined our network, and Central 1 is now enabling their payment processing for Interac e-Transfer^® services.

“We’re excited to partner with Wealthsimple to ensure their customers can transfer money securely and confidently,” said Barclay Hancock, Chief Payment Officer for Central 1. “We’re proud to have been selected as their technology vendor and settlement agent service provider, and look forward to supporting their success and growth while also bringing increased scale to our network, driving sustained value and reliability for our clients through our aggregated approach.”

“We’re committed to delivering an exceptional client experience, and seamless money movement is a critical part of that,” said Victoria Hale, Director of Neobanking Strategy for Wealthsimple. “Partnering with Central 1 ensures our platform has the behind-the-scenes support needed for effortless and secure transactions and will help us continue delivering excellence for our clients.”

For Central 1’s existing clients, bringing on new clients like Wealthsimple helps drive continued progress in our offerings that all of our members and clients can benefit from, maximizing the economies of scale our business is built upon.

Learn more about our payments products and services.