DUBLIN–(BUSINESS WIRE)–The “Canadian Payments Forecast, 2025” report has been added to ResearchAndMarkets.com’s offering.
The Canadian payments landscape has experienced unprecedented turbulence over the past four years, primarily due to the pandemic, the wars in Ukraine and the Middle East, supply chain challenges, high inflation, and rising interest rates.
While inflation is now under control and interest rates are on a downward trajectory, the deteriorating relationship with the US and the threat of a protracted trade war have added to the tumult and could have a substantial negative impact on the Canadian economy. These developments on the political and economic fronts will continue to impact consumer spending patterns, one of the key drivers of the payments industry in Canada.
Canadian Payments Forecast, 2025 provides detailed insights into how 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 fintechs will play a crucial role in shaping this future.
Drawing on survey research from more than 2,000 Canadian consumers, Canadian Payments Forecast, 2025 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.
Canadian Payments Forecast, 2025 provides an in-depth analysis of each of the major consumer payment segments in the Canadian market. Detailed five-year forecasts are presented on consumer payments and related acceptance infrastructure.
Key Market Highlights:
- Total Number of Consumer Payments (2024): 23 billion
- Total Value of Consumer Payments (2024): C$1.65 trillion
- Mobile Payments Share of Transaction Value (2024): 13%
- Mobile Payments Growth: 2024-2029 (CAGR): 12% p.a.
Payment types included in the report:
- Cash
- Cheques
- Debit cards
- Credit cards
- Contactless payments
- Online payments
- Mobile payments
- Bill payments and transfers
- Prepaid cards
- Virtual currencies
- Gift cards
- P2P payments
- International remittances
- Wearable payments
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 moves 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 of payments
- Key Indicator tables for all major payment modes
Key Topics Covered:
1. EXECUTIVE SUMMARY
2. INTRODUCTION
- Objectives
- Methodology
- Forecasts
- Currency
- Some Notes on this Year’s Report
- Document Navigation
- Acknowledgements
- List of Abbreviations
3. MARKET ANALYSIS
- The Canadian Economy
- Consumer Payments in Perspective
- Cash
- Cheques
- Debit
- Credit Cards
- Contactless
- Mobile
- Online
- Bill Payments and Transfers
- Wearable Payments
- Prepaid Cards (Payment Brands)
- Gift Cards
- Person-to-Person (P2P) Payments
- International Remittances
- Virtual Currencies
For more information about this report visit https://www.researchandmarkets.com/r/zef1fy
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