Canada's labour force shortage has placed mounting pressure on smaller businesses. Traditional checkouts are giving way to efficiency as s retailers scramble to optimise checkout speeds, and there is a growing trend of merchants leaning into contactless debit transactions. As well as trimming down queues, the move towards contactless also means opening doors for the cash-averse clientele, consequently inflating sales. Not to be outdone, several of Canada's major banks have tweaked their contactl...
Euromonitor International's Debit 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 Debit Card Transactions, Personal Debit 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 Debit 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.
Debit Cards in Canada
Euromonitor International
November 2023
List Of Contents And Tables
DEBIT CARDS IN CANADA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Labour shortages accelerate shift to contactless transactions
Canadians lured by debit card rewards
Credit crunch fuelling debit dominance for new businesses
PROSPECTS AND OPPORTUNIITES
Digital verification bolsters consumer confidence in online debit transactions
Credit card pressures to continue supporting growth in debit cards as cashless payments continue to rise
Business will see greater tech-riven debit growth
CATEGORY DATA
Table 1 Debit Cards: Number of Cards in Circulation 2018-2023
Table 2 Debit Cards Transactions 2018-2023
Table 3 Debit Cards in Circulation: % Growth 2018-2023