Payments Product intern

Interac Corp. • Toronto, ON

1d • CA$23 - CA$25 • Hybrid

About The Position

We are looking for a Payments Product Intern to join our team and gain hands-on experience in building and improving products that impact our customers. This internship offers an opportunity to collaborate with cross-functional teams, define product strategies, and contribute to the product development lifecycle. If you're passionate about technology, problem-solving, and customer experience, this role is for you!

Requirements

• Currently enrolled in a Bachelor’s (Business, Finance, Economics, Engineering, or related field)
• Strong analytical skills with proficiency in Excel and ability to interpret data
• Strong written communication skills with ability to synthesize complex information clearly and concisely
• High attention to detail and strong organizational skills
• Ability to manage multiple tasks in a fast-paced, cross-functional environment
• Strong collaboration and stakeholder engagement skills
• Proficiency in PowerPoint

Nice To Haves

• Exposure to payments, banking, fintech, or financial services (coursework, co-op, or internship experience)
• Basic understanding of payments concepts (e.g., authorization, clearing & settlement, tokenization, interchange)
• Experience building presentations in PowerPoint for executive audiences
• Familiarity with SQL or data visualization tools (e.g., Tableau, Power BI)
• Interest in product management or financial services as a career path

Responsibilities

• Support the Product team in day-to-day activities with stakeholder groups (squads, sales, engineering, marketing, and partners) to address product-related issues and concerns
• Support Product Managers in delivering payments initiatives (debit, digital payments, or network-related features)
• Provide general support to the product roadmap, defining requirements, conducting product research, and assisting in squads to deliver corporate objectives
• Assist with general product programs and initiatives, including participation in squad activities (sprints), documenting requirements, and contributing to the product roadmap
• Conduct market research and analyze user feedback to identify opportunities for product improvements.
• Collaborate with engineering, design, and marketing teams to support product launches
• Participate in user testing, gather insights, and make recommendations for UX/UI improvements
• Research, analyze, and maintain information systems in support of the product roadmap using tools like Jira, Figma, and other product tools
• Assist in gathering, documenting, and structuring business requirements from internal and external stakeholders
• Conduct basic analysis of payment transaction data, user behaviour, and merchant/category trends
• Support product economics / pricing analysis, including reviewing cost, revenue, interchange, and unit economics impacts of product or feature decisions
• Prepare materials for stakeholder meetings, including presentations, briefing notes, and status updates
• Track project actions, dependencies, and timelines across cross-functional teams
• Participate in meetings and capture key decisions, actions, and follow-ups
• Support end-to-end product documentation (flows, requirements, process maps, and journeys)
• Support market and competitor research in payments, fintech, or digital commerce
• Assist in testing, validation, or documentation of new features or pilot programs
• Coordinate light cross-functional activities across Product, Technology, Legal, Risk, and Operations

Benefits

• Flexible hybrid work model with monthly intern socials for better work-life balance
• Convenient downtown Toronto office located minutes away from Union Station
• Interac learning bootcamp designed to help you hit the ground running

What This Job Offers

• Job Type: Full-time
• Career Level: Intern