[Research](https://www.payments.ca/insights/news-research?field_article_type=219)

# Canadian payment data for 2024



January 7, 2026

For details please see the 2025 [Canadian Payment Methods and Trends (CPMT) report](/sites/default/files/PaymentsCanada_Canadian_Payment_Methods_and_Trends_2025_EN.pdf) and view the accompanying [fact sheet](/sites/default/files/PaymentsCanada_CPMT_FactSheet_2025_EN_FINAL.pdf).

*\*Average transaction size*



 

   ![cheque icon](/sites/default/files/2022-09/cheques_paper.png) CHEQUES AND PAPERValue: $2.7 T  
Volume: 340 M  
Average\*: $7,978



  



   ![Debit icon](/sites/default/files/2022-09/debit.png) DEBITValue: $302 B  
Volume: 6.7 B  
Average\*: $45



  



   ![Electronic funds transfer icon](/sites/default/files/2022-09/electronic_funds_transfer.png) ELECTRONIC FUNDS TRANSFER (EFT)Value: $7.2 T  
Volume: 3.2 B  
Average\*: $2,279



  



   ![Icon of card over a terminal for a contactless payment](/sites/default/files/2026-01/ContactlessPayment.png) CONTACTLESS PAYMENTSValue: $567 B  
Volume: 13 B  
Average\*: $29



  



   ![Prepaid card icon](/sites/default/files/2022-09/prepaid_cards.png) PREPAID/PREFUNDEDValue: $25 B  
Volume: 368 M  
Average\*: $69



  



   ![Credit card icon](/sites/default/files/2022-09/credit_cards.png) CREDIT CARDValue: $782 B  
Volume: 7.5 B  
Average\*: $105



  



   ![Online payment icon](/sites/default/files/2022-09/online.png) ONLINE TRANSFERSValue: $568.6 B  
Volume: 1.5 B  
Average\*: $383



  



   ![Cash icon](/sites/default/files/2022-09/cash.png) CASHValue: $67.9 B  
Volume: 2.5 B  
Average\*: $27



  



 



 

 

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