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Canadian Payment Methods and Trends by Payments Canada

Thursday, February 13, 2020   (0 Comments)
Posted by: Heather Miller

New technology and payments innovation are transforming the way Canadian consumers and businesses make payments, according to data from Payments Canada’s annual Canadian Payments Methods and Trends report. Key findings from the newly released 2019 report include:

  • Electronic payments accounted for 73% of total payments volume
  • Mobile devices were used by nearly 35% of contactless payments on a regular basis
  • Cheque and paper volume represent only 3% of totally payment volume

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