Interac Corp. announced an agreement with Microsoft to use Microsoft Azure's cloud capabilities to securely manage the continued growth of digital transactions, enabling greater innovation and ultimately faster payments. As a central leader in Canada's payments ecosystem, Interac has seen a surge in demand for its solutions and requires a trusted, reliable and secure cloud platform to support ongoing innovation and product development. During the pandemic the company processed almost one billionInterac e-Transfer transactions sent since the beginning of April 2020. By using Microsoft's cloud capabilities and security investments, Interac will further accelerate its transformation journey to include faster data-rich payments, increased scalability and resilience, improved security and fraud controls, better redundancy and new innovative services for business and individuals. Azure provides Interac with an innovative hybrid model of public and on-premises private cloud that will enable the business to move faster and maintain its high reliability levels.