Canadian Payments Forecast, 2024

Canadian Payments Forecast, 2024

The Canadian payments landscape has experienced unprecedented turbulence over the last four years as a result of the pandemic, the wars in Ukraine and the Middle East, supply chain challenges, high inflation, high interest rates, and looming prospects for an economic slowdown. These developments have already had a significant impact on consumer spending, which is one of the key factors driving the payments industry in Canada.

Canadian Payments Forecast, 2024 provides detailed insights into how the these developments affecting the Canadian economy are likely to play out in terms of consumer spending and payment choices. The report also examines how new technologies, business models and the fintechs will be instrumental in shaping this future.

Drawing on survey research from more than 2,000 Canadian consumers, Canadian Payments Forecast, 2024 is a critical strategic resource for payment professionals, providing essential in-depth insights and forecasts across all consumer payment modalities to facilitate effective strategic planning and product development in the wake of the pandemic, and the likely impact of geopolitical conflict.

Included in this year's comprehensive update of the report:

• In-depth analysis on prospects for the Canadian economy, personal consumption expenditure, and the retail sector as Canada towards a softer economy
• Analysis and forecast for each major consumer payment segment in the wake of developments in the Canadian economy
• An in-depth assessment of the penetration and acceptance of emerging payment technologies and how these will shape the future in payments
• Key Indicator tables for all major payment modes

Recognized by industry leaders as the most comprehensive, authoritative and independent review of the market available in Canada, Canadian Payments Forecast is now in its 15th year of publication. A strategic resource for payment professionals, the report provides essential in-depth planning information for executives and managers responsible for achieving growth in Canada's payment industry.

About the report:

Publication date: August 2024

Number of pages: ~140 - wide format

Charts and tables: ~110

Methodology:

Desk research

Executive interviews

Excerpts from our primary market research among 2,000 consumers

Analysis and insight, based on 30+ years of advising clients in the international payments market