Digital payments refer to any form of cashless payment or payments conducted without banknotes or coins in either an online or offline environment. This can include mobile payments (digital payments performed with a mobile device), fintech (such companies tend to be at the forefront of payment digitalization), or relatively young trends like buy now, pay later (BNPL) or cryptocurrency. Out of all these cashless options, which developments are noteworthy to know about for Canada?
Digital payments landscape in Canada - statistics & facts
Digital payments refer to any form of cashless payment or payments conducted without banknotes or coins in either an online or offline environment. This can include mobile payments (digital payments performed with a mobile device), fintech (such companies tend to be at the forefront of payment digitalization), or relatively young trends like buy now, pay later (BNPL) or cryptocurrency. Out of all these cashless options, which developments are noteworthy to know about for Canada?
Key insights
- Forecasted number of digital payment transactions in North America
- 298bn
Detailed statistics
Number of digital payments worldwide 2013-2021 with forecasts to 2027, by region
- Credit card penetration in Canada
- 82.7%
Detailed statistics
Credit card penetration in 161 countries worldwide 2011, 2014, 2017, 2021
- Buy now, pay later market share in domestic e-commerce in Canada
- 5%
Detailed statistics
Buy now, pay later (BNPL) share in e-commerce in 41 countries worldwide 2016-2023
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Market share
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- Premium Statistic Annual level of cash payments in Canada 2008-2021
- Premium Statistic Annual currency in circulation (CIC) to GDP ratio of Canada 2001-2022
- Premium Statistic Most used in-store (POS) payment methods in Canada 2017-2023, with 2027 forecast
- Premium Statistic Payments at points of sale by type in Canada 2023
- Premium Statistic Most used e-commerce payment methods in Canada 2016-2023, with 2027 forecast
- Premium Statistic Most common online payments by type in Canada 2023
- Premium Statistic Penetration of crypto as a means of payment in selected countries worldwide in 2023
Market share
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Annual level of cash payments in Canada 2008-2021
Annual level of cash payments in Canada 2008-2021
Share of cash estimate at point of sale (POS) in Canada from 2008 to 2021
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Annual currency in circulation (CIC) to GDP ratio of Canada 2001-2022
Annual currency in circulation (CIC) to GDP ratio of Canada 2001-2022
Share of currency in circulation (CIC) to the nominal GDP of Canada from 2001 to 2022
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Premium Statistic
Most used in-store (POS) payment methods in Canada 2017-2023, with 2027 forecast
Most used in-store (POS) payment methods in Canada 2017-2023, with 2027 forecast
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
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Payments at points of sale by type in Canada 2023
Payments at points of sale by type in Canada 2023
Payments at points of sale by type in Canada as of December 2023
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Most used e-commerce payment methods in Canada 2016-2023, with 2027 forecast
Most used e-commerce payment methods in Canada 2016-2023, with 2027 forecast
Market share of cash, credit cards, and other payment methods during online shopping in Canada from 2016 to 2023, with a forecast for 2027
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Most common online payments by type in Canada 2023
Most common online payments by type in Canada 2023
Most common online payments by type in Canada as of December 2023
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Premium Statistic
Penetration of crypto as a means of payment in selected countries worldwide in 2023
Penetration of crypto as a means of payment in selected countries worldwide in 2023
Market share of cryptocurrency compared to other payment methods in selected countries across the world as of 2023
Penetration
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- Premium Statistic Penetration rate of credit cards in Canada 2014-2029
- Premium Statistic Penetration rate of debit cards in Canada 2014-2029
- Premium Statistic Quarterly adoption of mobile payments at POS in Canada 2018-2023
- Premium Statistic Mobile payments by situation in Canada 2022
- Premium Statistic Payment types accepted by all e-commerce vendors in Canada in 2022 and 2024
- Premium Statistic Annual crypto adoption development in Canada 2020-2023, by metric
- Premium Statistic Domestic and cross-border e-commerce revenue share 2023, by country
- Premium Statistic Quarterly market share of outgoing digital remittances in Canada 2016-2023
Penetration
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Penetration rate of credit cards in Canada 2014-2029
Penetration rate of credit cards in Canada 2014-2029
Penetration rate of credit cards in Canada from 2014 to 2029
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Penetration rate of debit cards in Canada 2014-2029
Penetration rate of debit cards in Canada 2014-2029
Penetration rate of debit cards in Canada from 2014 to 2029
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Quarterly adoption of mobile payments at POS in Canada 2018-2023
Quarterly adoption of mobile payments at POS in Canada 2018-2023
Mobile payments usage performed with any mobile device at POS in Canada from 2018 to 4th quarter of 2023
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Mobile payments by situation in Canada 2022
Mobile payments by situation in Canada 2022
Mobile payments by situation in Canada in 2022
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Payment types accepted by all e-commerce vendors in Canada in 2022 and 2024
Payment types accepted by all e-commerce vendors in Canada in 2022 and 2024
Share of companies that accept selected digital payments for all types of e-commerce in Canada as of February 2024
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Annual crypto adoption development in Canada 2020-2023, by metric
Annual crypto adoption development in Canada 2020-2023, by metric
Crypto Adoption Index ranking of Canada from 2020 to 2023, by metric
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Domestic and cross-border e-commerce revenue share 2023, by country
Domestic and cross-border e-commerce revenue share 2023, by country
Distribution of domestic and cross-border e-commerce revenues in 2023, by country
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Quarterly market share of outgoing digital remittances in Canada 2016-2023
Quarterly market share of outgoing digital remittances in Canada 2016-2023
Share of digitally initiated remittances in Colombia from 2nd quarter 2016 to 3rd quarter 2023, based on remittance outflow towards any other country
Biggest brands
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- Premium Statistic Biggest international and domestic payment card schemes in Canada 2016-2022
- Premium Statistic Most used mobile payments by brand in Canada 2023
- Premium Statistic Most used online payments by brand in Canada 2023
- Premium Statistic Biggest buy now, pay later (BNPL) apps in Canada 2015-2023, based on downloads
- Premium Statistic Biggest cryptocurrency wallets in Canada 2015-2023, based on downloads
- Premium Statistic Quarterly market share of outgoing remittance brands in Canada 2011-2023
Biggest brands
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Biggest international and domestic payment card schemes in Canada 2016-2022
Biggest international and domestic payment card schemes in Canada 2016-2022
Market share of payment card brands - Visa, Mastercard, American Express, or in-market local card schemes - in Canada from 2016 to 2022
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Most used mobile payments by brand in Canada 2023
Most used mobile payments by brand in Canada 2023
Most used mobile payments by brand in Canada as of December 2023
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Most used online payments by brand in Canada 2023
Most used online payments by brand in Canada 2023
Most used online payments by brand in Canada as of December 2023
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Biggest buy now, pay later (BNPL) apps in Canada 2015-2023, based on downloads
Biggest buy now, pay later (BNPL) apps in Canada 2015-2023, based on downloads
Biggest buy now, pay later (BNPL) apps in Canada from 1st quarter of 2015 to 4th quarter of 2023, by number of downloads
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Biggest cryptocurrency wallets in Canada 2015-2023, based on downloads
Biggest cryptocurrency wallets in Canada 2015-2023, based on downloads
Biggest wallets for cryptocurrency storage in Canada from 1st quarter of 2015 to 4th quarter of 2023, by number of downloads
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Quarterly market share of outgoing remittance brands in Canada 2011-2023
Quarterly market share of outgoing remittance brands in Canada 2011-2023
Biggest brands for remittances in Canada from 1st quarter 2011 to 3rd quarter 2023, based on remittance outflow towards any other country
Users
5
- Premium Statistic Annual credit card and debit cards issued in Canada 2012-2022
- Premium Statistic Triennial credit card penetration in Canada 2011-2024, by demographic
- Premium Statistic Triennial debit card penetration in Canada 2011-2024, by demographic
- Premium Statistic Quarterly number of crypto users in Canada 2021-2022
- Premium Statistic Crypto adoption in Canada as of November 2022, by age and gender
Users
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Premium Statistic
Annual credit card and debit cards issued in Canada 2012-2022
Annual credit card and debit cards issued in Canada 2012-2022
Total number of credit cards and debit cards in circulation in Canada from 2012 to 2022
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Triennial credit card penetration in Canada 2011-2024, by demographic
Triennial credit card penetration in Canada 2011-2024, by demographic
Share of individuals who own a credit card in Canada in 2011, 2014, 2017 and 2021 with a forecast for 2024, by age, gender, and income level
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Triennial debit card penetration in Canada 2011-2024, by demographic
Triennial debit card penetration in Canada 2011-2024, by demographic
Share of individuals who own a debit card in Canada in 2011, 2014, 2017 and 2021 with a forecast for 2024, by age, gender, and income level
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Quarterly number of crypto users in Canada 2021-2022
Quarterly number of crypto users in Canada 2021-2022
Estimated number of people who hold or trade cryptocurrency in Canada from 4th quarter of 2021 to 4th quarter of 2022
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Crypto adoption in Canada as of November 2022, by age and gender
Crypto adoption in Canada as of November 2022, by age and gender
Crypto ownership among consumers in Canada in the three months prior to November 2022, by age and gender
Transaction value
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- Premium Statistic Annual credit card spending in Canada 2012-2022, in local currency and USD
- Premium Statistic Annual debit card spending in Canada 2012-2022, in local currency and USD
- Premium Statistic Global QR payment market size in 2020 with forecasts to 2025, by region
- Premium Statistic Mobile payment market size in 4 countries in the Americas in 2020, with 2025 forecast
- Premium Statistic Annual buy now, pay later (BNPL) spending in Canada in 2023, with a 2029 forecast
- Premium Statistic Annual value of outgoing and incoming remittance flow in Canada 2021, by country
Transaction value
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Premium Statistic
Annual credit card spending in Canada 2012-2022, in local currency and USD
Annual credit card spending in Canada 2012-2022, in local currency and USD
Value of credit card transactions for payments in Canada from 2012 to 2022 (in million Canadian dollars, and estimates in U.S. dollars)
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Premium Statistic
Annual debit card spending in Canada 2012-2022, in local currency and USD
Annual debit card spending in Canada 2012-2022, in local currency and USD
Value of debit card transactions for payments in Canada from 2012 to 2022 (in million Canadian dollars, and estimates in U.S. dollars)
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Premium Statistic
Global QR payment market size in 2020 with forecasts to 2025, by region
Global QR payment market size in 2020 with forecasts to 2025, by region
Market size of QR code transactions in various regions worldwide in 2020 with forecasts from 2021 to 2025 (in billion U.S. dollars)
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Mobile payment market size in 4 countries in the Americas in 2020, with 2025 forecast
Mobile payment market size in 4 countries in the Americas in 2020, with 2025 forecast
Transaction volume of mobile payments in selected countries in North America and Latin America in 2020 with a forecast for 2025 (in million U.S. dollars)
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Annual buy now, pay later (BNPL) spending in Canada in 2023, with a 2029 forecast
Annual buy now, pay later (BNPL) spending in Canada in 2023, with a 2029 forecast
Estimated transaction value of buy now, pay later (BNPL) in Canada in 2023, with forecasts for 2024 and 2029 (in million U.S. dollars)
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Annual value of outgoing and incoming remittance flow in Canada 2021, by country
Annual value of outgoing and incoming remittance flow in Canada 2021, by country
Value of remittances sent from/to Canada to/from other countries or territories worldwide in 2021 (in million U.S. dollars)
Number of transactions (per user)
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- Premium Statistic Annual number of credit card transactions in Canada 2012-2022, per capita
- Basic Statistic Size of a credit card transaction in Canada 2012-2022, in local currency and USD
- Premium Statistic Annual number of debit card transactions in Canada 2012-2022, per capita
- Basic Statistic Size of a debit card transaction in Canada 2012-2022, in local currency and USD
- Premium Statistic Top 10 countries worldwide with highest number of contactless card transactions 2022
- Premium Statistic Annual number of real-time payments in Canada in 2022, with a 2027 forecast
Number of transactions (per user)
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Premium Statistic
Annual number of credit card transactions in Canada 2012-2022, per capita
Annual number of credit card transactions in Canada 2012-2022, per capita
Total number of credit card transactions processed for payments in Canada from 2012 to 2022
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Basic Statistic
Size of a credit card transaction in Canada 2012-2022, in local currency and USD
Size of a credit card transaction in Canada 2012-2022, in local currency and USD
Average value of a credit card transaction in Canada from 2012 to 2022 (in Canadian dollars, and estimates in U.S. dollars)
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Premium Statistic
Annual number of debit card transactions in Canada 2012-2022, per capita
Annual number of debit card transactions in Canada 2012-2022, per capita
Total number of debit card transactions processed for payments in Canada from 2012 to 2022
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Basic Statistic
Size of a debit card transaction in Canada 2012-2022, in local currency and USD
Size of a debit card transaction in Canada 2012-2022, in local currency and USD
Average value of a debit card transaction in Canada from 2012 to 2022 (in euros, and estimates in U.S. dollars)
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Top 10 countries worldwide with highest number of contactless card transactions 2022
Top 10 countries worldwide with highest number of contactless card transactions 2022
Leading countries in the world with the highest number of contactless card transactions as of 2022 (in billions)
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Annual number of real-time payments in Canada in 2022, with a 2027 forecast
Annual number of real-time payments in Canada in 2022, with a 2027 forecast
Total number of real-time (instant) payments in Canada in 2022, with a forecast for 2027
Miscellaneous
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- Premium Statistic Annual number of POS terminals in Canada 2012-2022
- Premium Statistic Triennial unbanked population share in Canada 2011-2024, by demographic
- Premium Statistic Internet users in Canada 2014-2029
- Premium Statistic Mobile internet usage reach in Canada 2014-2029
- Basic Statistic Monthly retail e-commerce sales value in Canada 2017-2023
- Premium Statistic Main cross-border online shopping markets in Canada 2022, by market share
Miscellaneous
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Premium Statistic
Annual number of POS terminals in Canada 2012-2022
Annual number of POS terminals in Canada 2012-2022
Total number of POS terminals reported in Canada from 2012 to 2022
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Triennial unbanked population share in Canada 2011-2024, by demographic
Triennial unbanked population share in Canada 2011-2024, by demographic
Share of unbanked individuals in Canada in 2011, 2014, 2017 and 2021 with a forecast for 2024, by age, gender, and income level
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Internet users in Canada 2014-2029
Internet users in Canada 2014-2029
Number of internet users in Canada from 2014 to 2029 (in millions)
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Mobile internet usage reach in Canada 2014-2029
Mobile internet usage reach in Canada 2014-2029
Mobile internet usage penetration in Canada from 2014 to 2029
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Basic Statistic
Monthly retail e-commerce sales value in Canada 2017-2023
Monthly retail e-commerce sales value in Canada 2017-2023
Value of monthly e-commerce retail sales in Canada from February 2017 to September 2023 (in million Canadian dollars)
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Main cross-border online shopping markets in Canada 2022, by market share
Main cross-border online shopping markets in Canada 2022, by market share
Leading countries for cross-border online purchases in Canada in 2022, by market share
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