Not necessarily, in Canada there's a separate network/infrastucture named [Interact](https://www.interac.ca/en/ https://www.interac.ca/en/). All the banks are o

Not necessarily, in Canada there's a separate network/infrastucture named [Interact](https://www.interac.ca/en/ https://www.interac.ca/en/). All the banks are on it and most merchants have terminals that supports it. It had chip and pin ahead of credit cards, and has lower fees. That's what powers our e-transfers, no need for venmo or other systems.