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Debit Cards in Canada
Nov 2020
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Executive Summary
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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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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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Request more informationComplete Catalogue
Country Reports
- Debit Card Transactions in Malaysia | Nov 2018
- Debit Card Transactions in Russia | Nov 2018
- Debit Cards in Argentina | Nov 2020
- Debit Cards in Australia | Nov 2020
- Debit Cards in Austria | Dec 2020
- Debit Cards in Brazil | Nov 2020
- Debit Cards in Chile | Jan 2021
- Debit Cards in China | Nov 2020
- Debit Cards in Colombia | Nov 2020
- Debit Cards in Denmark | Nov 2020
- Debit Cards in Egypt | Oct 2020
- Debit Cards in France | Nov 2020
- Debit Cards in Germany | Nov 2020
- Debit Cards in Greece | Nov 2020
- Debit Cards in Hong Kong, China | Nov 2020
- Debit Cards in Hungary | Nov 2020
- Debit Cards in India | Nov 2020
- Debit Cards in Indonesia | Nov 2020
- Debit Cards in Israel | Dec 2020
- Debit Cards in Italy | Oct 2020
- Debit Cards in Japan | Nov 2020
- Debit Cards in Malaysia | Nov 2020
- Debit Cards in Mexico | Nov 2020
- Debit Cards in Morocco | Dec 2020
- Debit Cards in Nigeria | Dec 2020
- Debit Cards in Norway | Nov 2020
- Debit Cards in Peru | Dec 2020
- Debit Cards in Poland | Nov 2020
- Debit Cards in Portugal | Nov 2020
- Debit Cards in Romania | Dec 2020
- Debit Cards in Russia | Nov 2020
- Debit Cards in Saudi Arabia | Dec 2020
- Debit Cards in Singapore | Nov 2020
- Debit Cards in South Africa | Nov 2020
- Debit Cards in South Korea | Nov 2020
- Debit Cards in Spain | Nov 2020
- Debit Cards in Sweden | Nov 2020
- Debit Cards in Taiwan | Dec 2020
- Debit Cards in Thailand | Nov 2020
- Debit Cards in the Czech Republic | Nov 2020
- Debit Cards in the Netherlands | Nov 2020
- Debit Cards in the Philippines | Nov 2020
- Debit Cards in the United Arab Emirates | Nov 2020
- Debit Cards in the United Kingdom | Nov 2020
- Debit Cards in the US | Nov 2020
- Debit Cards in Turkey | Nov 2020
- Debit Cards in Ukraine | Dec 2020
- Debit Cards in Venezuela | Nov 2018
- Debit Cards in Vietnam | Nov 2020
Complete Catalogue
Country Reports
- Debit Card Transactions in Malaysia | Nov 2018
- Debit Card Transactions in Russia | Nov 2018
- Debit Cards in Argentina | Nov 2020
- Debit Cards in Australia | Nov 2020
- Debit Cards in Austria | Dec 2020
- Debit Cards in Brazil | Nov 2020
- Debit Cards in Chile | Jan 2021
- Debit Cards in China | Nov 2020
- Debit Cards in Colombia | Nov 2020
- Debit Cards in Denmark | Nov 2020
- Debit Cards in Egypt | Oct 2020
- Debit Cards in France | Nov 2020
- Debit Cards in Germany | Nov 2020
- Debit Cards in Greece | Nov 2020
- Debit Cards in Hong Kong, China | Nov 2020
- Debit Cards in Hungary | Nov 2020
- Debit Cards in India | Nov 2020
- Debit Cards in Indonesia | Nov 2020
- Debit Cards in Israel | Dec 2020
- Debit Cards in Italy | Oct 2020
- Debit Cards in Japan | Nov 2020
- Debit Cards in Malaysia | Nov 2020
- Debit Cards in Mexico | Nov 2020
- Debit Cards in Morocco | Dec 2020
- Debit Cards in Nigeria | Dec 2020
- Debit Cards in Norway | Nov 2020
- Debit Cards in Peru | Dec 2020
- Debit Cards in Poland | Nov 2020
- Debit Cards in Portugal | Nov 2020
- Debit Cards in Romania | Dec 2020
- Debit Cards in Russia | Nov 2020
- Debit Cards in Saudi Arabia | Dec 2020
- Debit Cards in Singapore | Nov 2020
- Debit Cards in South Africa | Nov 2020
- Debit Cards in South Korea | Nov 2020
- Debit Cards in Spain | Nov 2020
- Debit Cards in Sweden | Nov 2020
- Debit Cards in Taiwan | Dec 2020
- Debit Cards in Thailand | Nov 2020
- Debit Cards in the Czech Republic | Nov 2020
- Debit Cards in the Netherlands | Nov 2020
- Debit Cards in the Philippines | Nov 2020
- Debit Cards in the United Arab Emirates | Nov 2020
- Debit Cards in the United Kingdom | Nov 2020
- Debit Cards in the US | Nov 2020
- Debit Cards in Turkey | Nov 2020
- Debit Cards in Ukraine | Dec 2020
- Debit Cards in Venezuela | Nov 2018
- Debit Cards in Vietnam | Nov 2020