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Preferred POS payment methods in Canada 2019-2020

Published by Raynor de Best, Mar 4, 2021
Credit card was the most used payment method in Canada, both in 2019 as well as 2020. Credit card payments and accounted for around half of point of sale payments made, with 49 percent of transactions made through this method in 2019. In that year, the credit card penetration in Canada reached around 77 percent of the population. Using a debit card was the second most common payment method, accounting for 28 percent of transactions.

Leading point of sale payment methods in Canada from 2019 to 2020

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Sources

Release date

January 2021

Region

Canada

Survey time period

2019 to 2020

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