Digital payments refer to any form of cashless payment or payments conducted without banknotes or coins in either an online or offline environment. This can include mobile payments (digital payments performed with a mobile device), fintech (such companies tend to be at the forefront of payment digitalization), or relatively young trends like buy now, pay later (BNPL) or cryptocurrency. Out of all these cashless options, which developments are noteworthy to know about for Canada?
Digital payments landscape in Canada - statistics & facts
Digital payments refer to any form of cashless payment or payments conducted without banknotes or coins in either an online or offline environment. This can include mobile payments (digital payments performed with a mobile device), fintech (such companies tend to be at the forefront of payment digitalization), or relatively young trends like buy now, pay later (BNPL) or cryptocurrency. Out of all these cashless options, which developments are noteworthy to know about for Canada?
Key insights
- Forecasted number of digital payment transactions in North America
- 170bn
Detailed statistics
Number of digital payments worldwide by region 2013-2021, with forecasts to 2026
- Credit card penetration in Canada
- 82.7%
Detailed statistics
Credit card penetration in 161 countries worldwide 2011, 2014, 2017, 2021
- Buy now, pay later market share in domestic e-commerce in Canada
- 6%
Detailed statistics
Buy now, pay later (BNPL) share in e-commerce in 41 countries worldwide 2016-2022
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Market share
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- Premium Statistic Annual level of cash payments in Canada 2008-2021
- Premium Statistic Annual currency in circulation (CIC) to GDP ratio of Canada 2001-2021
- Premium Statistic Most popular in-store payment methods in Canada 2017-2022
- Premium Statistic Payments at points of sale by type in Canada 2023
- Premium Statistic Most popular e-commerce payment methods in Canada 2016-2022
- Premium Statistic Most common online payments by type in Canada 2023
Market share
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Annual level of cash payments in Canada 2008-2021
Annual level of cash payments in Canada 2008-2021
Share of cash estimate at point of sale (POS) in Canada from 2008 to 2021
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Annual currency in circulation (CIC) to GDP ratio of Canada 2001-2021
Annual currency in circulation (CIC) to GDP ratio of Canada 2001-2021
Share of currency in circulation (CIC) to the nominal GDP of Canada from 2001 to 2021
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Most popular in-store payment methods in Canada 2017-2022
Most popular in-store payment methods in Canada 2017-2022
Market share of cash, credit cards, and other payment methods at point of sale (POS) in Canada in 2017, 2019, 2020, 2021, and 2022
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Payments at points of sale by type in Canada 2023
Payments at points of sale by type in Canada 2023
Payments at points of sale by type in Canada as of June 2023
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Most popular e-commerce payment methods in Canada 2016-2022
Most popular e-commerce payment methods in Canada 2016-2022
Market share of credit cards, wallets, BNPL, and other payment methods in e-commerce in Canada from 2016 to 2022
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Most common online payments by type in Canada 2023
Most common online payments by type in Canada 2023
Most common online payments by type in Canada as of June 2023
Penetration
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- Premium Statistic Penetration rate of credit cards in Canada 2013-2028
- Premium Statistic Penetration rate of debit cards in Canada 2013-2028
- Premium Statistic Mobile payments by situation in Canada 2022
- Premium Statistic Payment types accepted by e-commerce vendors in Canada between 2022 and 2024
- Premium Statistic Weekly consumer searches for "QR Code" topic on Google in Canada 2018-2023
- Premium Statistic Annual crypto adoption development in Canada 2020-2022, by metric
- Premium Statistic Instant payment share in payment transactions in Canada in 2022 and 2027
Penetration
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Penetration rate of credit cards in Canada 2013-2028
Penetration rate of credit cards in Canada 2013-2028
Penetration rate of credit cards in Canada from 2013 to 2028
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Penetration rate of debit cards in Canada 2013-2028
Penetration rate of debit cards in Canada 2013-2028
Penetration rate of debit cards in Canada from 2013 to 2028
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Mobile payments by situation in Canada 2022
Mobile payments by situation in Canada 2022
Mobile payments by situation in Canada in 2022
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Payment types accepted by e-commerce vendors in Canada between 2022 and 2024
Payment types accepted by e-commerce vendors in Canada between 2022 and 2024
Current and future implementation of selected digital payments in e-commerce in Canada as of February 2022
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Weekly consumer searches for "QR Code" topic on Google in Canada 2018-2023
Weekly consumer searches for "QR Code" topic on Google in Canada 2018-2023
Search interest of consumers in the search topic "QR Code" in Canada from June 2018 to May 2023
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Annual crypto adoption development in Canada 2020-2022, by metric
Annual crypto adoption development in Canada 2020-2022, by metric
Crypto Adoption Index ranking of Canada from 2020 to 2022, by metric
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Instant payment share in payment transactions in Canada in 2022 and 2027
Instant payment share in payment transactions in Canada in 2022 and 2027
Market share of real time payments within overall payment transactions in Canada in 2022, with a forecast for 2027
Biggest brands
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- Premium Statistic Interac, Visa, Mastercard market share in Canada 2016-2021
- Premium Statistic Most used mobile payments by brand in Canada 2023
- Premium Statistic Most used online payments by brand in Canada 2023
- Premium Statistic Key buy now, pay later apps in Canada 2015-2023, based on quarterly downloads
- Premium Statistic Key crypto wallets in Canada 2015-2023, based on quarterly downloads
Biggest brands
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Interac, Visa, Mastercard market share in Canada 2016-2021
Interac, Visa, Mastercard market share in Canada 2016-2021
Biggest payment card brands - Visa, Mastercard, American Express, or in-market local card schemes - in Canada from 2016 to 2021
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Most used mobile payments by brand in Canada 2023
Most used mobile payments by brand in Canada 2023
Most used mobile payments by brand in Canada as of June 2023
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Premium Statistic
Most used online payments by brand in Canada 2023
Most used online payments by brand in Canada 2023
Most used online payments by brand in Canada as of June 2023
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Key buy now, pay later apps in Canada 2015-2023, based on quarterly downloads
Key buy now, pay later apps in Canada 2015-2023, based on quarterly downloads
Biggest buy now, pay later (BNPL) apps in Canada from 1st quarter of 2015 up until 1st quarter of 2023, by number of downloads
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Key crypto wallets in Canada 2015-2023, based on quarterly downloads
Key crypto wallets in Canada 2015-2023, based on quarterly downloads
Biggest wallets for cryptocurrency storage in Canada from 1st quarter of 2015 up until 1st quarter of 2023, by number of downloads
Users
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- Premium Statistic Annual credit cards issued in Canada 2000-2021
- Premium Statistic Credit card penetration in Canada in 2011, 2014, 2017, and 2021, by demographic
- Premium Statistic Debit card penetration in Canada in 2011, 2014, 2017, and 2021, by demographic
- Premium Statistic Quarterly number of crypto users in Canada 2021-2022
- Premium Statistic Crypto adoption in Canada as of November 2022, by age and gender
Users
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Annual credit cards issued in Canada 2000-2021
Annual credit cards issued in Canada 2000-2021
Total number of credit cards in circulation in Canada from 2000 to 2021 (in millions)
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Credit card penetration in Canada in 2011, 2014, 2017, and 2021, by demographic
Credit card penetration in Canada in 2011, 2014, 2017, and 2021, by demographic
Share of individuals who own a credit card in Canada from 2011 to 2021, by age, gender, and income level
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Debit card penetration in Canada in 2011, 2014, 2017, and 2021, by demographic
Debit card penetration in Canada in 2011, 2014, 2017, and 2021, by demographic
Share of individuals who own a debit card in Canada from 2011 to 2021, by age, gender, and income level
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Quarterly number of crypto users in Canada 2021-2022
Quarterly number of crypto users in Canada 2021-2022
Estimated number of people who hold or trade cryptocurrency in Canada from 4th quarter of 2021 to 4th quarter of 2022
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Crypto adoption in Canada as of November 2022, by age and gender
Crypto adoption in Canada as of November 2022, by age and gender
Crypto ownership among consumers in Canada in the three months prior to November 2022, by age and gender
Transaction value
5
- Premium Statistic Annual credit card spending in Canada 2012-2019, in local currency and USD
- Premium Statistic Annual debit card spending in Canada 2012-2021, in local currency and USD
- Premium Statistic Global QR payment market size in 2020 with forecasts to 2025, by region
- Premium Statistic Mobile payment market size in 4 countries in the Americas in 2020, with 2025 forecast
- Premium Statistic Buy now, pay later (BNPL) market size in Canada in 2022, with a 2028 forecast
Transaction value
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Annual credit card spending in Canada 2012-2019, in local currency and USD
Annual credit card spending in Canada 2012-2019, in local currency and USD
Value of credit card transactions for payments in Canada from 2012 to 2019 (in million Canadian dollars, and estimates in U.S. dollars)
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Annual debit card spending in Canada 2012-2021, in local currency and USD
Annual debit card spending in Canada 2012-2021, in local currency and USD
Value of debit card transactions for payments in Canada from 2012 to 2021 (in million Canadian dollars, and estimates in U.S. dollars)
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Premium Statistic
Global QR payment market size in 2020 with forecasts to 2025, by region
Global QR payment market size in 2020 with forecasts to 2025, by region
Market size of QR code transactions in various regions worldwide in 2020 with forecasts from 2021 to 2025 (in billion U.S. dollars)
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Mobile payment market size in 4 countries in the Americas in 2020, with 2025 forecast
Mobile payment market size in 4 countries in the Americas in 2020, with 2025 forecast
Transaction volume of mobile payments in selected countries in North America and Latin America in 2020 with a forecast for 2025 (in million U.S. dollars)
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Buy now, pay later (BNPL) market size in Canada in 2022, with a 2028 forecast
Buy now, pay later (BNPL) market size in Canada in 2022, with a 2028 forecast
Estimated transaction value of buy now, pay later (BNPL) in Canada in 2022, with forecasts for 2023 and 2028 (in million U.S. dollars)
Number of transactions (per user)
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- Premium Statistic Annual number of credit card transactions in Canada 2012-2020, per capita
- Premium Statistic Annual number of debit card transactions in Canada 2012-2021, per capita
- Premium Statistic Size of a credit card transaction in Canada 2012-2019, in local currency and USD
- Basic Statistic Size of a debit card transaction in Canada 2012-2021, in local currency and USD
- Premium Statistic Annual ATM cash withdrawal number at bank-owned ABMs in Canada 2017-2021
Number of transactions (per user)
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Premium Statistic
Annual number of credit card transactions in Canada 2012-2020, per capita
Annual number of credit card transactions in Canada 2012-2020, per capita
Total number of credit card transactions processed for payments in Canada from 2012 to 2020
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Premium Statistic
Annual number of debit card transactions in Canada 2012-2021, per capita
Annual number of debit card transactions in Canada 2012-2021, per capita
Total number of debit card transactions processed for payments in Canada from 2012 to 2021
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Premium Statistic
Size of a credit card transaction in Canada 2012-2019, in local currency and USD
Size of a credit card transaction in Canada 2012-2019, in local currency and USD
Average value of a credit card transaction in Canada from 2012 to 2019 (in Canadian dollars, and estimates in U.S. dollars)
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Basic Statistic
Size of a debit card transaction in Canada 2012-2021, in local currency and USD
Size of a debit card transaction in Canada 2012-2021, in local currency and USD
Average value of a debit card transaction in Canada from 2012 to 2021 (in euros, and estimates in U.S. dollars)
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Annual ATM cash withdrawal number at bank-owned ABMs in Canada 2017-2021
Annual ATM cash withdrawal number at bank-owned ABMs in Canada 2017-2021
Number of ATM cash withdrawals with cards at bank-owned ABMs in Canada from 2017 to 2021 (in millions)
Miscellaneous
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- Premium Statistic POS terminals in Canada 2012-2021
- Premium Statistic Unbanked population in Canada in 2011, 2014, 2017, and 2021, by demographic
- Premium Statistic Internet users in Canada 2013-2028
- Premium Statistic Mobile internet usage reach in Canada 2013-2028
- Basic Statistic Monthly retail e-commerce sales value in Canada 2016-2022
- Premium Statistic Main cross-border online shopping markets in Canada 2022, by market share
- Premium Statistic Annual outgoing and incoming remittance flow in Canada 2021, by country
Miscellaneous
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POS terminals in Canada 2012-2021
POS terminals in Canada 2012-2021
Total number of POS terminals provided in Canada from 2012 to 2021
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Unbanked population in Canada in 2011, 2014, 2017, and 2021, by demographic
Unbanked population in Canada in 2011, 2014, 2017, and 2021, by demographic
Share of individuals who are unbanked, as they do not have access to an account at a financial institution, in Canada from 2011 to 2021, by age, gender, and income level
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Internet users in Canada 2013-2028
Internet users in Canada 2013-2028
Number of internet users in Canada from 2013 to 2028 (in millions)
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Premium Statistic
Mobile internet usage reach in Canada 2013-2028
Mobile internet usage reach in Canada 2013-2028
Mobile internet usage penetration in Canada from 2013 to 2028
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Basic Statistic
Monthly retail e-commerce sales value in Canada 2016-2022
Monthly retail e-commerce sales value in Canada 2016-2022
Value of monthly e-commerce retail sales in Canada from January 2016 to July 2022 (in million Canadian dollars)
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Premium Statistic
Main cross-border online shopping markets in Canada 2022, by market share
Main cross-border online shopping markets in Canada 2022, by market share
Leading countries for cross-border online purchases in Canada in 2022, by market share
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Premium Statistic
Annual outgoing and incoming remittance flow in Canada 2021, by country
Annual outgoing and incoming remittance flow in Canada 2021, by country
Value of remittances sent from/to Canada to/from other countries or territories worldwide in 2021 (in million U.S. dollars)
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