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Learn moreNov 2020
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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.
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.
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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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.
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Euromonitor’s industry reports, including Debit Transactions in Canada, originate from our database within our Consumer Finance market share and market size database.
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.