Credit Cards in Canada

November 2020
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Overview:

Understand the latest market trends and future growth opportunities for the Credit Card Transactions industry in Canada with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.

Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.

If you're in the Credit Card Transactions industry in Canada, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.

The Credit Card Transactions in Canada report includes:

  • Analysis of key supply-side and demand trends
  • Detailed segmentation of international and local products
  • Historic volume and value sizes, company and brand market shares
  • Five year forecasts of market trends and market growth
  • Robust and transparent research methodology, conducted in-country

This report answers:

  • What is the market size of Credit Card Transactions in Canada?
  • What are the major trends key to understanding Credit Card Transactions in Canada?
  • How has COVID-19, recession and macroeconomic volatility impacted the market?
  • How long will the market take to recover? What are the opportunities now?
  • How will political context and shifting cultural values shape future growth?
  • Where is future growth expected to be most dynamic?

Charge Cards in Canada - Category analysis

Charge Cards in Canada - Company Profile

KEY DATA FINDINGS

2020 IMPACT

Steep declines in charge card transactions during the COVID-19 pandemic
American Express Co offers greater flexibility to clients
Players reinforce non-travel awards

RECOVERY AND OPPORTUNITIES

A rapid return to value growth for charge cards
Commercial rewards programmes may continue to widen their scope
Higher contactless payment limit likely to stay

CATEGORY DATA

Table 1 Charge Cards: Number of Cards in Circulation 2015-2020 Table 2 Charge Cards Transactions 2015-2020 Table 3 Charge Cards in Circulation: % Growth 2015-2020 Table 4 Charge Cards Transactions: % Growth 2015-2020 Table 5 Commercial Charge Cards: Number of Cards in Circulation 2015-2020 Table 6 Commercial Charge Cards Transactions 2015-2020 Table 7 Commercial Charge Cards in Circulation: % Growth 2015-2020 Table 8 Commercial Charge Cards Transactions: % Growth 2015-2020 Table 9 Personal Charge Cards: Number of Cards in Circulation 2015-2020 Table 10 Personal Charge Cards Transactions 2015-2020 Table 11 Personal Charge Cards in Circulation: % Growth 2015-2020 Table 12 Personal Charge Cards Transactions: % Growth 2015-2020 Table 13 Charge Cards: Number of Cards by Issuer 2015-2019 Table 14 Charge Cards: Number of Cards by Operator 2015-2019 Table 15 Charge Cards Payment Transaction Value by Issuer 2015-2019 Table 16 Charge Cards Payment Transaction Value by Operator 2015-2019 Table 17 Commercial Charge Cards: Number of Cards by Issuer 2015-2019 Table 18 Commercial Charge Cards: Number of Cards by Operator 2015-2019 Table 19 Commercial Charge Cards Payment Transaction Value by Issuer 2015-2019 Table 20 Commercial Charge Cards Payment Transaction Value by Operator 2015-2019 Table 21 Personal Charge Cards: Number of Cards by Issuer 2015-2019 Table 22 Personal Charge Cards: Number of Cards by Operator 2015-2019 Table 23 Personal Charge Cards Transaction Value by Issuer 2015-2019 Table 24 Personal Charge Cards Transaction Value by Operator 2015-2019 Table 25 Forecast Charge Cards: Number of Cards in Circulation 2020-2025 Table 26 Forecast Charge Cards Transactions 2020-2025 Table 27 Forecast Charge Cards in Circulation: % Growth 2020-2025 Table 28 Forecast Charge Cards Transactions: % Growth 2020-2025 Table 29 Forecast Commercial Charge Cards: Number of Cards in Circulation 2020-2025 Table 30 Forecast Commercial Charge Cards Transactions 2020-2025 Table 31 Forecast Commercial Charge Cards in Circulation: % Growth 2020-2025 Table 32 Forecast Commercial Charge Cards Transactions: % Growth 2020-2025 Table 33 Forecast Personal Charge Cards: Number of Cards in Circulation 2020-2025 Table 34 Forecast Personal Charge Cards Transactions 2020-2025 Table 35 Forecast Personal Charge Cards in Circulation: % Growth 2020-2025 Table 36 Forecast Personal Charge Cards Transactions: % Growth 2020-2025

Credit Cards in Canada - Category analysis

Credit Cards in Canada - Company Profile

KEY DATA FINDINGS

2020 IMPACT

The COVID-19 restrictions on retail outlets bring a major shift in consumer spending patterns in 2020
Consumers rein in their credit card usage during the pandemic
Financial institutions introduce measures to help their clients

RECOVERY AND OPPORTUNITIES

A rapid return to growth for credit card transactions
Higher contactless payment limits likely to remain in place
Players to continue to develop their credit card offerings

CATEGORY DATA

Table 37 Credit Cards: Number of Cards in Circulation 2015-2020 Table 38 Credit Cards Transactions 2015-2020 Table 39 Credit Cards in Circulation: % Growth 2015-2020 Table 40 Credit Cards Transactions: % Growth 2015-2020 Table 41 Commercial Credit Cards: Number of Cards in Circulation 2015-2020 Table 42 Commercial Credit Cards Transactions 2015-2020 Table 43 Commercial Credit Cards in Circulation: % Growth 2015-2020 Table 44 Commercial Credit Cards Transactions: % Growth 2015-2020 Table 45 Personal Credit Cards: Number of Cards in Circulation 2015-2020 Table 46 Personal Credit Cards Transactions 2015-2020 Table 47 Personal Credit Cards in Circulation: % Growth 2015-2020 Table 48 Personal Credit Cards Transactions: % Growth 2015-2020 Table 49 Credit Cards: Number of Cards by Issuer 2015-2019 Table 50 Credit Cards: Number of Cards by Operator 2015-2019 Table 51 Credit Cards Payment Transaction Value by Issuer 2015-2019 Table 52 Credit Cards Payment Transaction Value by Operator 2015-2019 Table 53 Commercial Credit Cards: Number of Cards by Issuer 2015-2019 Table 54 Commercial Credit Cards: Number of Cards by Operator 2015-2019 Table 55 Commercial Credit Cards Payment Transaction Value by Issuer 2015-2019 Table 56 Commercial Credit Cards Payment Transaction Value by Operator 2015-2019 Table 57 Personal Credit Cards: Number of Cards by Issuer 2015-2019 Table 58 Personal Credit Cards: Number of Cards by Operator 2015-2019 Table 59 Personal Credit Cards Payment Transaction Value by Issuer 2015-2019 Table 60 Personal Credit Cards Payment Transaction Value by Operator 2015-2019 Table 61 Forecast Credit Cards: Number of Cards in Circulation 2020-2025 Table 62 Forecast Credit Cards Transactions 2020-2025 Table 63 Forecast Credit Cards in Circulation: % Growth 2020-2025 Table 64 Forecast Credit Cards Transactions: % Growth 2020-2025 Table 65 Forecast Commercial Credit Cards: Number of Cards in Circulation 2020-2025 Table 66 Forecast Commercial Credit Cards Transactions 2020-2025 Table 67 Forecast Commercial Credit Cards in Circulation: % Growth 2020-2025 Table 68 Forecast Commercial Credit Cards Transactions: % Growth 2020-2025 Table 69 Forecast Personal Credit Cards: Number of Cards in Circulation 2020-2025 Table 70 Forecast Personal Credit Cards Transactions 2020-2025 Table 71 Forecast Personal Credit Cards in Circulation: % Growth 2020-2025 Table 72 Forecast Personal Credit Cards Transactions: % Growth 2020-2025

Debit Cards in Canada - Category analysis

Debit Cards in Canada - Company Profile

KEY DATA FINDINGS

2020 IMPACT

Steep declines in the use of cash during the COVID-19 epidemic
Payments Canada Rule E5 supports future growth of debit card transactions
Use of debit cards popular within e-commerce

RECOVERY AND OPPORTUNITIES

A rapid return to growth for debit card transactions
Interac Debit to become increasingly popular
Banks to continue to invest in reducing fraud

CATEGORY DATA

Table 73 Debit Cards: Number of Cards in Circulation 2015-2020 Table 74 Debit Cards Transactions 2015-2020 Table 75 Debit Cards in Circulation: % Growth 2015-2020 Table 76 Debit Cards Transactions: % Growth 2015-2020 Table 77 Debit Cards: Number of Cards by Issuer 2015-2019 Table 78 Debit Cards: Number of Cards by Operator 2015-2019 Table 79 Debit Cards Payment Transaction Value by Issuer 2015-2019 Table 80 Debit Cards Payment Transaction Value by Operator 2015-2019 Table 81 Forecast Debit Cards: Number of Cards in Circulation 2020-2025 Table 82 Forecast Debit Cards Transactions 2020-2025 Table 83 Forecast Debit Cards in Circulation: % Growth 2020-2025 Table 84 Forecast Debit Cards Transactions: % Growth 2020-2025

Pre-Paid Cards in Canada - Category analysis

Pre-Paid Cards in Canada - Company Profile

KEY DATA FINDINGS

2020 IMPACT

Closed loop pre-paid transactions expected to suffer the steepest transaction declines during the COVID-19 pandemic
Open loop pre-pay card providers get creative
FinTech operators target younger Canadians with pre-paid cards

RECOVERY AND OPPORTUNITIES

Slow return to growth for pre-paid cards
Issuers likely to partner with merchants to target specific audiences
Increasing consolidation likely in open loop pre-paid cards

CATEGORY DATA

Table 85 Pre-paid Cards: Number of Cards in Circulation 2015-2020 Table 86 Pre-paid Cards Transactions 2015-2020 Table 87 Pre-paid Cards in Circulation: % Growth 2015-2020 Table 88 Pre-paid Cards Transactions: % Growth 2015-2020 Table 89 Closed Loop Pre-paid Cards Transactions 2015-2020 Table 90 Closed Loop Pre-paid Cards Transactions: % Growth 2015-2020 Table 91 Open Loop Pre-paid Cards Transactions 2015-2020 Table 92 Open Loop Pre-paid Cards Transactions: % Growth 2015-2020 Table 93 Pre-paid Cards: Number of Cards by Issuer 2015-2019 Table 94 Pre-paid Cards: Number of Cards by Operator 2015-2019 Table 95 Pre-paid Cards Transaction Value by Issuer 2015-2019 Table 96 Pre-paid Cards Transaction Value by Operator 2015-2019 Table 97 Closed Loop Pre-paid Cards: Number of Cards by Issuer 2015-2019 Table 98 Closed Loop Pre-paid Cards Transaction Value by Issuer 2015-2019 Table 99 Open Loop Pre-paid Cards: Number of Cards by Operator 2015-2019 Table 100 Open Loop Pre-paid Cards Transaction Value by Operator 2015-2019 Table 101 Forecast Pre-paid Cards: Number of Cards in Circulation 2020-2025 Table 102 Forecast Pre-paid Cards Transactions 2020-2025 Table 103 Forecast Pre-paid Cards in Circulation: % Growth 2020-2025 Table 104 Forecast Pre-paid Cards Transactions: % Growth 2020-2025 Table 105 Forecast Closed Loop Pre-paid Cards Transactions 2020-2025 Table 106 Forecast Closed Loop Pre-paid Cards Transactions: % Growth 2020-2025 Table 107 Forecast Open Loop Pre-paid Cards Transactions 2020-2025 Table 108 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2020-2025

Store Cards in Canada - Category analysis

Store Cards in Canada - Company Profile

KEY DATA FINDINGS

2020 IMPACT

COVID-19 has a severe impact on store cards
Retailers offer more attractive rewards to shore up their store cards
Operators purchase store card portfolios, but tend not to replace them with co-branded cards

RECOVERY AND OPPORTUNITIES

Swift return to growth for store cards
Retailers may look to widen the scope of their rewards programmes
New technology can support growth of store cards

CATEGORY DATA

Table 109 Store Cards: Number of Cards in Circulation 2015-2020 Table 110 Store Cards Transactions 2015-2020 Table 111 Store Cards in Circulation: % Growth 2015-2020 Table 112 Store Cards Transactions: % Growth 2015-2020 Table 113 Store Cards: Number of Cards by Issuer 2015-2019 Table 114 Store Cards: Payment Transaction Value by Issuer 2015-2019 Table 115 Forecast Store Cards: Number of Cards in Circulation 2020-2025 Table 116 Forecast Store Cards Transactions 2020-2025 Table 117 Forecast Store Cards in Circulation: % Growth 2020-2025 Table 118 Forecast Store Cards Transactions: % Growth 2020-2025

Financial Cards and Payments in Canada - Industry Overview

EXECUTIVE SUMMARY

COVID-19 impact on consumer payments
COVID-19 country impact
Financial institutions offer help to their clients to get through the pandemic
FinTech operators try to make life easier for their clients
Big Six lead whilst increasing their collaboration with FinTech players
What next for consumer payments?

MARKET INDICATORS

Table 119 Number of POS Terminals: Units 2015-2020 Table 120 Number of ATMs: Units 2015-2020 Table 121 Value Lost to Fraud 2015-2020 Table 122 Card Expenditure by Location 2020 Table 123 Financial Cards in Circulation by Type: % Number of Cards 2015-2020 Table 124 Domestic versus Foreign Spend 2020

MARKET DATA

Table 125 Financial Cards by Category: Number of Cards in Circulation 2015-2020 Table 126 Financial Cards by Category: Number of Accounts 2015-2020 Table 127 Financial Cards Transactions by Category: Value 2015-2020 Table 128 Financial Cards by Category: Number of Transactions 2015-2020 Table 129 Consumer Payments by Category: Value 2015-2020 Table 130 Consumer Payments by Category: Number of Transactions 2015-2020 Table 131 M-Commerce by Category: Value 2015-2020 Table 132 M-Commerce by Category: % Value Growth 2015-2020 Table 133 Financial Cards: Number of Cards by Issuer 2015-2019 Table 134 Financial Cards: Number of Cards by Operator 2015-2019 Table 135 Financial Cards: Card Payment Transactions Value by Operator 2015-2019 Table 136 Financial Cards: Card Payment Transactions Value by Issuer 2015-2019 Table 137 Forecast Financial Cards by Category: Number of Cards in Circulation 2020-2025 Table 138 Forecast Financial Cards by Category: Number of Accounts 2020-2025 Table 139 Forecast Financial Cards Transactions by Category: Value 2020-2025 Table 140 Forecast Financial Cards by Category: Number of Transactions 2020-2025 Table 141 Forecast Consumer Payments by Category: Value 2020-2025 Table 142 Forecast Consumer Payments by Category: Number of Transactions 2020-2025 Table 143 Forecast M-Commerce by Category: Value 2020-2025 Table 144 Forecast M-Commerce by Category: % Value Growth 2020-2025

DISCLAIMER

GLOBAL MACROECONOMIC ENVIRONMENT

GLOBAL INDUSTRY ENVIRONMENT

SOURCES

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This report originates from Passport, our Credit Card Transactions research and analysis database.

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