Biggest POS payment methods in Canada 2027

Canada's POS payment behavior did not change much since COVID-19, although wallets did become more popular in 2021. Credit cards remained the most used payment method in Canada, both before and after COVID-19, accounting for roughly half of POS sales. Indeed, the country boasts a relatively high credit card penetration. The share of cash, on the other hand, continued to decline whilst both wallets as well as retailer/bank financing took their place.

Market share of cash, credit cards, and other payment methods at point of sale (POS) in Canada from 2017 to 2023, with a forecast for 2027

Characteristic	2017	2019	2020	2021	2022	2023	2027
-	-	-	-	-	-	-	-
-	-	-	-	-	-	-	-
-	-	-	-	-	-	-	-
-	-	-	-	-	-	-	-
-	-	-	-	-	-	-	-
-	-	-	-	-	-	-	-
-	-	-	-	-	-	-	-
-	-	-	-	-	-	-	-
-	-	-	-	-	-	-	-

Download

Source

Show detailed source information?

Already a member?

Sources

Use Ask Statista Research Service

Release date

March 2024

More information

Region

Canada

Survey time period

March 2024

Special properties

* The source made changes to its categories in 2021, see the "Details" tab for more information.

Supplementary notes

In 2022, the source stated it made two changes to the categories used in previous years. These include a combination of "credit cards" with "charge/deferred debit cards" and the split of BNPL from "POS financing" (which itself was added as a new category in 2020). The latter change was made to atone for the "growing importance of BNPL". This seems to have been reverted for "POS financing" in the 2023 report - which covered the figures for 2022.

The figures have been taken from several publications. No figures were available for 2018 as the source did not release any reports that year.

Citation formats