Canada Payments Market Outlook to 2017: Ken Research

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• Canada Payments Market Outlook to 2017 Ken
  Research

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• Payments in Canada 2017 What Consumers Want",
  report examines the consumer payments market in
  Canada, considering payment cards, online
  payments, P2P payments, and newer payment
  technologies such as mobile wallets and
  contactless. The report also examines the main
  regulatory players overseeing the market.
• Canada is a developed and highly competitive
  payment card market-with pay-later and debit card
  penetration rates of 219.9 and 85.4 per 100
  individuals in 2017. Canadian consumers are avid
  users of payment cards, with frequency of use at
  101.2 transactions per card. While credit cards
  dominate in terms of spending, debit cards are
  more frequently used at the POS, with this figure
  the highest among its peers. This is largely a
  reflection of the continuing migration of
  low-value cash payments to payment cards, as well
  as increased usage of contactless debit cards.
  Newer technologies such as mobile wallets are
  also gaining traction in the country with the
  launch of popular international payment solutions
  such as Apple Pay, Samsung Pay, and Android Pay.
  In addition, widespread use of contactless
  payments-backed by well-established contactless
  payment infrastructure-is anticipated to further
  drive electronic payments in Canada.

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• It provides in-depth analysis of the following
  Analyzes consumer attitudes to financial services
  by lifestage. Analyzes the major payment card
  types in terms of both card holding and usage.
  Identifies the major competitors in card issuing
  and how their position in the market has changed
  over the last five years. Considers consumer
  attitudes towards P2P tools, mobile payment
  tools, and contactless cards, and how companies
  in Canada are deploying these tools to meet
  customer needs. Explores the online payment
  market in Canada by merchant type and payment
  tool, as well as providing a five-year forecast
  for the development of the market.
• Interac-which is a non-profit organization-has a
  monopoly in the Canadian debit card market.
  Interac Association was established in 1984 by
  five leading banks RBC, CIBC, Scotiabank, TD
  Bank, and Desjardins. The average interchange fee
  charged on Visa and Mastercard pay-later cards in
  Canada is now more than 1.5, which is much
  higher compared to the 0.3 charged in the EU. As
  this has resulted in high card-acceptance costs,
  many merchants in Canada have raised concerns.
  According to Payments Canada'sCanadian Payment
  Methods and Trends report, contactless volumes
  and values increased by 81 and 78 in 2016.
  According to the same report, the number of
  contactless transactions increased significantly,
  totaling 1.1 billion with credit cards and 1
  billion with debit cards.

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Key Topics Covered in the Report

• Canada Payments Market Outlook
• Canada Payments Market Size
• Canada Payments Market Research Report
• Canada Payments Market Trends
• Canada Payments Market Demand
• Canada Payments Market Share
• Canada Payments Market Share
• Canada Payments Industry Analysis
• Canada Payments Industry Research
• Canada Payments market Revenue

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• To know more, click on the link below
• https//www.kenresearch.com/banking-financial-serv
  ices-and-insurance/financial-services/payments-in-
  canada-2017-what-consumers-want/142701-93.html
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• Contact
• Ken Research
• Ankur Gupta, Head Marketing Communications
• sales_at_kenresearch.com
• 91-124-4230204

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