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Overview:
Understand the latest market trends and future growth opportunities for the Debit 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 Debit 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 Debit 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 Debit Transactions in Canada?
- What are the major trends key to understanding Debit 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
2021 DEVELOPMENTS
Recovery subdued by ongoing economic uncertainty and reduced travel spending
American Express expands its offer of welcome bonuses and other rewards
American Express continues to support small businesses with “Shop Small” event
PROSPECTS AND OPPORTUNITIES
Volume and current value transactions expected to bounce back quickly in 2022
Charge cards set to benefit from release of pent-up demand for travel
Recovery of commercial charge cards will lag behind that of the personal category
CATEGORY DATA
Table 1 Charge Cards: Number of Cards in Circulation 2016-2021
Table 2 Charge Cards Transactions 2016-2021
Table 3 Charge Cards in Circulation: % Growth 2016-2021
Table 4 Charge Cards Transactions: % Growth 2016-2021
Table 5 Commercial Charge Cards: Number of Cards in Circulation 2016-2021
Table 6 Commercial Charge Cards Transactions 2016-2021
Table 7 Commercial Charge Cards in Circulation: % Growth 2016-2021
Table 8 Commercial Charge Cards Transactions: % Growth 2016-2021
Table 9 Personal Charge Cards: Number of Cards in Circulation 2016-2021
Table 10 Personal Charge Cards Transactions 2016-2021
Table 11 Personal Charge Cards in Circulation: % Growth 2016-2021
Table 12 Personal Charge Cards Transactions: % Growth 2016-2021
Table 13 Charge Cards: Number of Cards by Issuer 2016-2020
Table 14 Charge Cards: Number of Cards by Operator 2016-2020
Table 15 Charge Cards Payment Transaction Value by Issuer 2016-2020
Table 16 Charge Cards Payment Transaction Value by Operator 2016-2020
Table 17 Commercial Charge Cards: Number of Cards by Issuer 2016-2020
Table 18 Commercial Charge Cards: Number of Cards by Operator 2016-2020
Table 19 Commercial Charge Cards Payment Transaction Value by Issuer 2016-2020
Table 20 Commercial Charge Cards Payment Transaction Value by Operator 2016-2020
Table 21 Personal Charge Cards: Number of Cards by Issuer 2016-2020
Table 22 Personal Charge Cards: Number of Cards by Operator 2016-2020
Table 23 Personal Charge Cards Transaction Value by Issuer 2016-2020
Table 24 Personal Charge Cards Transaction Value by Operator 2016-2020
Table 25 Forecast Charge Cards: Number of Cards in Circulation 2021-2026
Table 26 Forecast Charge Cards Transactions 2021-2026
Table 27 Forecast Charge Cards in Circulation: % Growth 2021-2026
Table 28 Forecast Charge Cards Transactions: % Growth 2021-2026
Table 29 Forecast Commercial Charge Cards: Number of Cards in Circulation 2021-2026
Table 30 Forecast Commercial Charge Cards Transactions 2021-2026
Table 31 Forecast Commercial Charge Cards in Circulation: % Growth 2021-2026
Table 32 Forecast Commercial Charge Cards Transactions: % Growth 2021-2026
Table 33 Forecast Personal Charge Cards: Number of Cards in Circulation 2021-2026
Table 34 Forecast Personal Charge Cards Transactions 2021-2026
Table 35 Forecast Personal Charge Cards in Circulation: % Growth 2021-2026
Table 36 Forecast Personal Charge Cards Transactions: % Growth 2021-2026
Credit Cards in Canada - Category analysis
Credit Cards in Canada - Company Profile
KEY DATA FINDINGS
2021 DEVELOPMENTS
Credit card spending rebounds despite ongoing challenges posed by COVID-19
Credit card operators expand their e-commerce footprint as shopping habits change
Shifting consumer preferences prompt issuers to adjust rewards strategies
PROSPECTS AND OPPORTUNITIES
Robust growth in credit card spending projected from 2022
E-commerce transactions set to become a focal point for issuers
Growing adoption of mobile payments bodes well for credit cards
CATEGORY DATA
Table 37 Credit Cards: Number of Cards in Circulation 2016-2021
Table 38 Credit Cards Transactions 2016-2021
Table 39 Credit Cards in Circulation: % Growth 2016-2021
Table 40 Credit Cards Transactions: % Growth 2016-2021
Table 41 Commercial Credit Cards: Number of Cards in Circulation 2016-2021
Table 42 Commercial Credit Cards Transactions 2016-2021
Table 43 Commercial Credit Cards in Circulation: % Growth 2016-2021
Table 44 Commercial Credit Cards Transactions: % Growth 2016-2021
Table 45 Personal Credit Cards: Number of Cards in Circulation 2016-2021
Table 46 Personal Credit Cards Transactions 2016-2021
Table 47 Personal Credit Cards in Circulation: % Growth 2016-2021
Table 48 Personal Credit Cards Transactions: % Growth 2016-2021
Table 49 Credit Cards: Number of Cards by Issuer 2016-2020
Table 50 Credit Cards: Number of Cards by Operator 2016-2020
Table 51 Credit Cards Payment Transaction Value by Issuer 2016-2020
Table 52 Credit Cards Payment Transaction Value by Operator 2016-2020
Table 53 Commercial Credit Cards: Number of Cards by Issuer 2016-2020
Table 54 Commercial Credit Cards: Number of Cards by Operator 2016-2020
Table 55 Commercial Credit Cards Payment Transaction Value by Issuer 2016-2020
Table 56 Commercial Credit Cards Payment Transaction Value by Operator 2016-2020
Table 57 Personal Credit Cards: Number of Cards by Issuer 2016-2020
Table 58 Personal Credit Cards: Number of Cards by Operator 2016-2020
Table 59 Personal Credit Cards Payment Transaction Value by Issuer 2016-2020
Table 60 Personal Credit Cards Payment Transaction Value by Operator 2016-2020
Table 61 Forecast Credit Cards: Number of Cards in Circulation 2021-2026
Table 62 Forecast Credit Cards Transactions 2021-2026
Table 63 Forecast Credit Cards in Circulation: % Growth 2021-2026
Table 64 Forecast Credit Cards Transactions: % Growth 2021-2026
Table 65 Forecast Commercial Credit Cards: Number of Cards in Circulation 2021-2026
Table 66 Forecast Commercial Credit Cards Transactions 2021-2026
Table 67 Forecast Commercial Credit Cards in Circulation: % Growth 2021-2026
Table 68 Forecast Commercial Credit Cards Transactions: % Growth 2021-2026
Table 69 Forecast Personal Credit Cards: Number of Cards in Circulation 2021-2026
Table 70 Forecast Personal Credit Cards Transactions 2021-2026
Table 71 Forecast Personal Credit Cards in Circulation: % Growth 2021-2026
Table 72 Forecast Personal Credit Cards Transactions: % Growth 2021-2026
Debit Cards in Canada - Category analysis
Debit Cards in Canada - Company Profile
KEY DATA FINDINGS
2021 DEVELOPMENTS
Third and fourth waves of COVID-19 temper recovery in debit card transactions
Pandemic accelerates migration from cash to card payments
Contactless payments gain popularity amidst virus concerns
PROSPECTS AND OPPORTUNITIES
Value and volume transactions set to increase throughout the forecast period
Debit cards best placed to profit from growing preference for cashless payments
Payments to small businesses will become a more important driver of transactions
CATEGORY DATA
Table 73 Debit Cards: Number of Cards in Circulation 2016-2021
Table 74 Debit Cards Transactions 2016-2021
Table 75 Debit Cards in Circulation: % Growth 2016-2021
Table 76 Debit Cards Transactions: % Growth 2016-2021
Table 77 Debit Cards: Number of Cards by Issuer 2016-2020
Table 78 Debit Cards: Number of Cards by Operator 2016-2020
Table 79 Debit Cards Payment Transaction Value by Issuer 2016-2020
Table 80 Debit Cards Payment Transaction Value by Operator 2016-2020
Table 81 Forecast Debit Cards: Number of Cards in Circulation 2021-2026
Table 82 Forecast Debit Cards Transactions 2021-2026
Table 83 Forecast Debit Cards in Circulation: % Growth 2021-2026
Table 84 Forecast Debit Cards Transactions: % Growth 2021-2026
Pre-Paid Cards in Canada - Category analysis
Pre-Paid Cards in Canada - Company Profile
KEY DATA FINDINGS
2021 DEVELOPMENTS
Increased use of gift cards lifts performance of closed loop pre-paid cards
Retailers and foodservice players leverage gift cards to generate more business
Mogo offers 2% Bitcoin cashback on Mogo Visa Platinum Prepaid Card purchases
PROSPECTS AND OPPORTUNITIES
Closed loop pre-paid cards set to experience strong recovery from 2022
Shift away from cash and cheques creates opportunities for open loop category
Fintech companies will remain key drivers of innovation
CATEGORY DATA
Table 85 Pre-paid Cards: Number of Cards in Circulation 2016-2021
Table 86 Pre-paid Cards Transactions 2016-2021
Table 87 Pre-paid Cards in Circulation: % Growth 2016-2021
Table 88 Pre-paid Cards Transactions: % Growth 2016-2021
Table 89 Closed Loop Pre-paid Cards Transactions 2016-2021
Table 90 Closed Loop Pre-paid Cards Transactions: % Growth 2016-2021
Table 91 Open Loop Pre-paid Cards Transactions 2016-2021
Table 92 Open Loop Pre-paid Cards Transactions: % Growth 2016-2021
Table 93 Pre-paid Cards: Number of Cards by Issuer 2016-2020
Table 94 Pre-paid Cards: Number of Cards by Operator 2016-2020
Table 95 Pre-paid Cards Transaction Value by Issuer 2016-2020
Table 96 Pre-paid Cards Transaction Value by Operator 2016-2020
Table 97 Closed Loop Pre-paid Cards: Number of Cards by Issuer 2016-2020
Table 98 Closed Loop Pre-paid Cards Transaction Value by Issuer 2016-2020
Table 99 Open Loop Pre-paid Cards: Number of Cards by Operator 2016-2020
Table 100 Open Loop Pre-paid Cards Transaction Value by Operator 2016-2020
Table 101 Forecast Pre-paid Cards: Number of Cards in Circulation 2021-2026
Table 102 Forecast Pre-paid Cards Transactions 2021-2026
Table 103 Forecast Pre-paid Cards in Circulation: % Growth 2021-2026
Table 104 Forecast Pre-paid Cards Transactions: % Growth 2021-2026
Table 105 Forecast Closed Loop Pre-paid Cards Transactions 2021-2026
Table 106 Forecast Closed Loop Pre-paid Cards Transactions: % Growth 2021-2026
Table 107 Forecast Open Loop Pre-paid Cards Transactions 2021-2026
Table 108 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2021-2026
Store Cards in Canada - Category analysis
Store Cards in Canada - Company Profile
KEY DATA FINDINGS
2021 DEVELOPMENTS
Pandemic-related uncertainty hampers recovery of store cards
Store cards face growing competition from buy now pay later (BNPL) services
Appeal of store cards limited by retailer-specific business model
PROSPECTS AND OPPORTUNITIES
Ongoing fallout of COVID-19 will continue to temper expansion of store cards
Threats from co-branded credit cards and BNPL services set to intensify
Competitive landscape expected to remain highly consolidated
CATEGORY DATA
Table 109 Store Cards: Number of Cards in Circulation 2016-2021
Table 110 Store Cards Transactions 2016-2021
Table 111 Store Cards in Circulation: % Growth 2016-2021
Table 112 Store Cards Transactions: % Growth 2016-2021
Table 113 Store Cards: Number of Cards by Issuer 2016-2020
Table 114 Store Cards: Payment Transaction Value by Issuer 2016-2020
Table 115 Forecast Store Cards: Number of Cards in Circulation 2021-2026
Table 116 Forecast Store Cards Transactions 2021-2026
Table 117 Forecast Store Cards in Circulation: % Growth 2021-2026
Table 118 Forecast Store Cards Transactions: % Growth 2021-2026
Financial Cards and Payments in Canada - Industry Overview
EXECUTIVE SUMMARY
Financial cards and payments in 2021: The big picture
2021 key trends
Uneven recovery between personal and commercial transactions in credit cards
Real-Time Rail (RTR) will create new opportunities in digital payments
“Big Six” remain the leading financial card issuers
What next for financial cards and payments?
MARKET INDICATORS
Table 119 Number of POS Terminals: Units 2016-2021
Table 120 Number of ATMs: Units 2016-2021
Table 121 Value Lost to Fraud 2016-2021
Table 122 Card Expenditure by Location 2021
Table 123 Financial Cards in Circulation by Type: % Number of Cards 2016-2021
Table 124 Domestic versus Foreign Spend 2021
MARKET DATA
Table 125 Financial Cards by Category: Number of Cards in Circulation 2016-2021
Table 126 Financial Cards by Category: Number of Accounts 2016-2021
Table 127 Financial Cards Transactions by Category: Value 2016-2021
Table 128 Financial Cards by Category: Number of Transactions 2016-2021
Table 129 Consumer Payments by Category: Value 2016-2021
Table 130 Consumer Payments by Category: Number of Transactions 2016-2021
Table 131 M-Commerce by Category: Value 2016-2021
Table 132 M-Commerce by Category: % Value Growth 2016-2021
Table 133 Financial Cards: Number of Cards by Issuer 2016-2020
Table 134 Financial Cards: Number of Cards by Operator 2016-2020
Table 135 Financial Cards: Card Payment Transactions Value by Operator 2016-2020
Table 136 Financial Cards: Card Payment Transactions Value by Issuer 2016-2020
Table 137 Forecast Financial Cards by Category: Number of Cards in Circulation 2021-2026
Table 138 Forecast Financial Cards by Category: Number of Accounts 2021-2026
Table 139 Forecast Financial Cards Transactions by Category: Value 2021-2026
Table 140 Forecast Financial Cards by Category: Number of Transactions 2021-2026
Table 141 Forecast Consumer Payments by Category: Value 2021-2026
Table 142 Forecast Consumer Payments by Category: Number of Transactions 2021-2026
Table 143 Forecast M-Commerce by Category: Value 2021-2026
Table 144 Forecast M-Commerce by Category: % Value Growth 2021-2026
DISCLAIMER
SOURCES
Summary 1 Research Sources
The following categories and subcategories are included:
Debit Transactions
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Commercial Debit Card Transactions
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Personal Debit Card Transactions
Debit Transactions
Debit cards merge the functionality of both an ATM card and direct payment from a bank account (a check substitute in some markets). A debit card allows the cardholder to receive cash and monitor account activity at an ATM machine, as well as pay for goods and services via a point-of-sale terminal. A debit card payment transaction involves the automatic withdrawal of funds from the cardholder’s demand deposit bank account (checking or giro). Since the funds are removed from a bank account, no interest is charged on payments.
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