The Canadian payments landscape is undergoing fundamental changes as new technologies vie for the attention of consumers. Shopping habits are shifting as consumers embrace the convenience and functionality offered by smart phones, tablets and an almost ubiquitous internet connection. While mobile is mainstream in many areas, mobile payments are still embryonic. Key players in the industry continue to wrestle with their business models and ways to fit all the pieces together to present a compelling offering to consumers in an already crowded market. And then there’s the matter of waiting for consumers to get their hands on smart devices – including wearable technology – that can accommodate the payment solutions being dreamt up in innovation labs. While these developments capture the largest mindshare amongst payment executives, traditional electronic payments continue to grow, draining the remaining life out of paper-based payments.
Canadian Payments Forecast, 2016 examines the Canadian consumer payments market in the context of developments in the Canadian economy and the fundamental shifts taking place in technology. Now in its 7th year of publication, the report provides in-depth analysis of each of the major consumer payments segments in the Canadian market. Detailed five-year forecasts are presented on consumer payments and related acceptance infrastructure.
This new report from Technology Strategies International Inc. provides a detailed and insightful assessment of the prospects for the Canadian consumer payments market, and is recognized by industry leaders as the most comprehensive, authoritative and independent review pf the market available in Canada.
- Selected findings from the 2016 Canadian Consumer Payments Survey, conducted amongst more than 2,000 adult Canadians
- In-depth analysis of prospects for the Canadian economy, personal expenditure, and the retail sector
- Analysis and forecast for each major consumer payment segment
- An assessment of the most important regulatory developments in the Canadian payments market
- Key Indicator tables for all major payment modes
A strategic resource for payment professionals, Canadian Payments Forecast, 2016 provides essential in-depth planning information for anyone involved in Canada's payment industry.
Excerpts from our primary market research amongst 2,000 consumers
Analysis and insight, based on 25 years of advising clients in the international payments market
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- Executive Summary
- Outlook for the Canadian Economy and Retail Sector
- Key developments in the industry
- Prospects for Payments in Canada
- Debit card payments
- Credit card payments
- Cash payments
- Cheque payments
- Contactless payments
- Mobile payments
- Online payments
- Gift cards
- Prepaid cards
- Online bill payments
- Pre-authorized payments
- P2P payments
- International remittances
- Virtual currencies