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Country Report

Debit Transactions in

Debit Cards in Canada

Nov 2020

US$990

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Executive Summary

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

2020 IMPACT

Steep declines in the use of cash during the COVID-19 epidemic

The use of cash as a payment method has been in decline for many years in Canada, and the COVID-19 pandemic is exacerbating this, with steep double-digit falls in cash transaction value expected in 2020. The closure of many retail outlets is severely limiting the opportunities to use cash during the periods of lockdown, and even when shopping for essential goods, many consumers have avoided using cash in order to minimise contact with paper money and coins and maintain social distancing.

Payments Canada Rule E5 supports future growth of debit card transactions

The Payments Canada Rule E5 came into effect on 27 January 2020. Under the new rule, merchants are not required to have consistent online connectivity in order to accept debit payments, which is planned to enable a more rapid and broader authorisation process.

Use of debit cards popular within e-commerce

As in other parts of the world, e-commerce is flourishing in many markets in Canada during the COVID-19 epidemic. Given the closure of many physical stores, consumers have turned to e-commerce retailers for much of their shopping during the outbreak.

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Overview

Why buy this report?

Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.

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Overview

Discover the latest market trends and uncover sources of future market growth for the Debit Transactions industry in Canada with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Debit Transactions industry in Canada, our research will save you time and money while empowering you to make informed, profitable decisions.

The Debit Transactions in Canada market research report includes:

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

Our market research reports answer questions such as:

What is the market size of Debit Transactions in Canada?
What are the major operators and issuers in Canada?
What is the current state and expected evolution of consumer payment preference?
What payment instrument offers the highest growth potential?
What strategies and positioning have consumer finance companies utilized to win in the market?

Why buy this report?

Gain competitive intelligence about market leaders
Track key industry trends, opportunities and threats
Inform your marketing, brand, strategy and market development, sales and supply functions

Euromonitor’s industry reports, including Debit Transactions in Canada, originate from our database within our Consumer Finance market share and market size database.

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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

Megatrends

Country Report

Debit Cards in Canada

New Report Guarantee

Executive Summary

New Report Guarantee

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

Overview

Why buy this report?

SAMPLES

Delivery Method

Overview

Why buy this report?

Want to find out more about this report?

Table of Contents

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

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

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

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

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

Financial Cards and Payments in Canada - Industry Overview

EXECUTIVE SUMMARY