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This is the stuff you millionaires in the making need to know to kick start or propel you on your financial fitness journey. Tracey Bissett, Founder of Bissett Financial Fitness and award winning Financial Literacy Champion, gives you the straight goods each week to set yourself up for financial success. As a former executive at TD Bank, one of Canada's Big 5 Banks, Tracey has worked with and in support of thousands of individuals and entrepreneurs to secure the financing they needed.  This hands on experience combined with her formal financial education, Masters of Business Administration and Chartered Financial Analyst designation, position Tracey uniquely to coach all things money. Tracey goes behind-the-scenes of all the money matters with need-to-know tips, money-making demystified, and special power-player interviews. Join us weekly for Financial Fitness Training that will turn even a Cash Couch Potato into a Marathon Money Maker.

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  2. EP249 Control Money Movements with Interac

EP249 Control Money Movements with Interac

Jun 14, 2022

Canadians choose Interac products an average of 18 million times a day to pay and exchange money. Through their world-class privacy, fraud mitigation, governance, and digital identity and authentication expertise, they help keep Canadian customers safe and secure when transacting. Anurag Kar, Associate Vice President of Money Movement Products at Interac Corp., joins the show today to discuss the recent news that Interac surpassed a billion e-transfer transactions in the last 12 months, as well as the overall key findings of the study.

Listen in as Anurag breaks down how e-transfers work and what the “request money” feature is all about. You will learn the percentage of Canadians who are users and have access to Interac products, why so many people are spending more money on experiences these days, and how to cut down on the awkward follow-up when splitting payments with friends.

“A lot of individuals—instead of the awkwardness of chasing down your friends saying 'hey, can you pay me back?'—they’re using the request money feature.” - Anurag Kar

This Week on Young Money:

  • How Interac is used.
  • The benefit of using e-transfers.
  • Who was involved in the Interac survey.
  • The timeframe in which the Interac survey was conducted.
  • The importance of following up with friends when you split payments.
  • What inflation has impacted in regards to splitting payments.

Key takeaways:

  • Make sure your friends pay you back.
  • Keep track of bills.
  • Understand the services your bank provides.

Connect with Anurag Kar:

Resources Mentioned:

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