Canadian Payment Methods and Trends: 2015
As part of its second Payment Methods and Trends Report, the Canadian Payments Association (CPA) gathered 2014 retail payments data from payment service providers, consultants, and researchers from the Bank of Canada. This data helped form a complete picture of the most common consumer and business payments in 2014 and gain insights on emerging payments.
Canada reaches $11.7 trillion in payment transactions in 2022 – up seven per cent in value from 2021
Credit card use grew 30 per cent while cash use declined 41 per cent over last five years, Payments Canada study reveals.
Key study highlights:
Canada experiences rebound in transaction volume and value in 2021
Overall, the total payment market in Canada rebounded and grew in 2021 due to progress made in the country’s economic recovery from the