FinTech - Canada

  • Canada
  • The market's largest segment will be Digital Payments with a total transaction value of US$138.80bn in 2023.
  • The average transaction value per user in the Neobanking segment is projected to amount to US$29.10k in 2023.
  • The Digital Assets segment is expected to show a revenue growth of 22.3% in 2024.
  • In the Digital Payments segment, the number of users is expected to amount to 32.22m users by 2027.
  • Total Transaction Value in the Digital Payments segment is projected to US$138.80bn in 2023.
  • Due to the major differences in the KPIs of FinTech products, e.g. different nature of loan origination volume in Alternative Lending in comparison to Assets under Management in Robo-Advisors, no total transaction value for all segments can be calculated.
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