Search results
This overview of payment behaviour and trends illustrates Canadians’ use of different payment methods, and demonstrates shifts in payment behaviour. In 2020, there were a total of 20 billion transactions worth $9.4 trillion captured in the analysis.
Oct 5, 2023 · Online transfer continued to be the fastest-growing payment type with year-over-year volume growth of 11 per cent and value growth of 19 per cent from 2021. Interac e-Transfer continued to dominate the online transfer payment segment with more than three in five Canadians (61 per cent) using Interac e-Transfer to either send or receive a ...
Year-over-year Canadian payment transaction trends. The following analysis compares the 2021 data to 2020 data (see Table 5: One-year Canadian payments transaction trends), which allows us to identify if trends observed in previous years are continuing, and to spot the emergence of potential trends.
Consumers are making fewer ABM cash withdrawals over time, but the amount of cash withdrawn and held by consumers has increased. The pandemic accelerated the overall demand for cash in Canada and our surveys also show an increase in consumer cash holdings.
We present results from the 2021 Methods-of-Payment (MOP) Survey, including updated payment shares based on a three-day shopping diary. We highlight long-term trends observed across previous MOP surveys from 2009, 2013 and 2017.
Sep 29, 2021 · Key study findings: Electronic payments represented 79 per cent of all transactions, compared to 77 per cent in 2019 – accounting for 15.8 billion transactions and representing 66 per cent of...
People also ask
Which payment types have increased the most in 2021?
How did payment trends change in 2021?
What are Canada's payment trends in 2021?
Which payment method is most used in 2021?
Which payment methods are most popular in 2022?
Why did payment value increase in 2021?
Nov 9, 2022 · Payments Canada | Oct 4, 2022 Canada experiences rebound in transaction volume and value in 2021 Report Highlights: Pandemic changes long-term payment preferences for 43% of Canadians 50% of Canadians use e-commerce platforms more often than pre-pandemic Contactless payment transaction value increased year-over-year in 2021 by 18% Credit card ...
