Charge cards in Canada faced challenges to growth in 2024. High prices of groceries, as well as gas and rent, most Canadians struggled to meet their monthly financial needs. Credit card outstanding balances soared, despite the efforts of the Bank of Canada to control inflation and reduce interest rates. Given the nature of charge cards, where the balance must be paid in full every month, and the economic strife suffered by many consumers, charge cards lost much of their attraction in terms of pe...
Euromonitor International's Charge Card Transactions in Canada report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit cards, charge cards, pre-paid cards and store cards. It looks at key players in the market (issuers and operators), number of cards in circulation, numbers transactions and value of transactions. It offers strategic analysis of sector forecasts and trends to watch.
Product coverage: Commercial Charge Card Transactions, Personal Charge Card Transactions.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report?? * Get a detailed picture of the Charge Card Transactions market; * Pinpoint growth sectors and identify factors driving change; * Understand the competitive environment, the market’s major players and leading brands; * Use five-year forecasts to assess how the market is predicted to develop.
Charge Cards in Canada
Euromonitor International
January 2025
List Of Contents And Tables
CHARGE CARDS IN CANADA
KEY DATA FINDINGS
2024 DEVELOPMENTS
Cash flow restrictions reduce growth for charge cards
Small business and commercial use provide some support
High merchant fees reduce merchant acceptance
PROSPECTS AND OPPORTUNITIES
More flexibility required to reverse decline of charge cards in circulation
Lower interest rates threaten transactions and average transaction value, while low acceptance of Amex curbs category growth potential
Lack of competition leaves the door open for new operators
CATEGORY DATA
Table 1 Charge Cards: Number of Cards in Circulation 2019-2024
Table 2 Charge Cards Transactions 2019-2024
Table 3 Charge Cards in Circulation: % Growth 2019-2024