Chexy adds Mastercard for Canadian bill payments and rewards

Chexy has added Mastercard as a payment option on its Canadian bill payments platform, allowing Mastercard cardholders to use the service for eligible payments.

Users can now link Mastercard credit cards to pay bills through Chexy while continuing to earn rewards on those cards. The option covers recurring expenses including rent, utilities, insurance, taxes and other household bills.

The addition expands the range of cards supported by the platform as Chexy pushes further into everyday payments, where consumers have typically had fewer opportunities to earn points or cashback. The company focuses on enabling credit card payments for large recurring obligations that often fall outside traditional rewards programmes.

Chexy says it has processed more than CAD $1.5 billion in payments, helped users earn more than CAD $35 million in rewards and cashback, and now serves more than 200,000 Canadians. It also reported 500 per cent year-on-year growth in payment volume.

Rewards shift

The partnership reflects a broader shift in consumer finance, as card users seek to earn rewards on everyday spending, not just on retail purchases or travel. Bill categories such as rent and taxes have long been harder to put on credit cards while preserving access to loyalty schemes.

Chexy began with rent payments and has since expanded into a wider range of essential transactions. That places it among a group of digital payments firms seeking to bring more flexibility to household cash management while linking those payments to existing card reward structures.

For Mastercard, the agreement extends card use into another set of day-to-day payment flows. It also gives the network exposure to large, regular spending that is often handled outside the credit card system.

In Canada, competition in consumer payments has increasingly centred on how providers fit into routine financial behaviour. Services that connect cards, loyalty schemes and bill payments have drawn attention as households seek more value from fixed monthly outgoings.

Liza Akhvledziani Carew described the company's position on that shift.

"Rent, bills, taxes and insurance are not optional expenses, but historically they have been disconnected from rewards ecosystems. Our mission is to help consumers get more value from payments they are already making. By adding Mastercard to the platform, we're giving Canadians more ways to access their credit card rewards, flexibility and choice while continuing to simplify how they manage their finances," said Liza Akhvledziani Carew, Chief Executive Officer and Co-Founder of Chexy.

Consumer demand

The company's growth figures suggest demand for alternatives to standard bill payment methods. Large recurring expenses make up a significant share of household budgets, yet they have often been paid via bank transfers, debit cards, or other channels that do not earn card rewards.

That gap has created an opening for financial technology firms that sit between billers and consumers. By enabling credit card payments for essential obligations, these platforms aim to align everyday spending more closely with the incentives card issuers have long attached to discretionary purchases.

Mastercard said the arrangement fits its approach to digital payments and consumer choice in Canada. The network described the collaboration as a way to broaden the ways cardholders use their cards for everyday spending.

"At Mastercard, we're focused on supporting innovation that helps Canadians get more out of every payment-unlocking greater choice, flexibility and everyday value," said Balinder Ahluwalia, Senior Vice President, Market Development and Digital Partnerships, Mastercard Canada. "Our collaboration with Chexy expands how and where Canadians can use their Mastercard, combining choice, convenience and trusted security to create more meaningful payment experiences."

The agreement comes as digital-first payment tools continue to target areas of consumer spending that were once separate from loyalty programmes, including some of households' highest regular costs.