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Payments Canada sees record growth in electronic payments

Payments Canada sees record growth in electronic payments

 

  • In a report by Payment Canada, looking at spending habits of Canadians in 2019/2020, contactless, ecommerce and in-app purchases have risen drastically
  • Analysing the 22 billion transactions made in 2019, which totalled C$9.9 trillion, it saw a drastic rise in online payments, with predictions that the further growth of ecommerce in 2020 will see a further rise
  • Ecommerce sales saw an 86% increase in this time, generating over C$54 million with clothing being the major source

Source : https://www.finextra.com/pressarticle/85026/payments-canada-records-surge-in-electronic-payments

 

 

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