Canada Consumer Payment Methods Market Report 2019
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Providing the most comprehensive and up-to-date information and analysis of the Consumer Payment Methods market, and the behaviours, preferences and habits of the consumer.
What are the key challenges facing the industry? Who is the consumer and what do they want? Where are the opportunities, where are the risks and what lies ahead?
The evolution of the payments industry continues to be driven by changes in technology and customer behaviour. The emergence of payment systems that are designed to function seamlessly with smartphones and apps has prompted wide-ranging innovation from banks, digital giants and Fintech companies. The volume of digital payments is soaring and that growth brings opportunities for new players and an urgency to innovate for banks and credit unions.
Smartphones are now ubiquitous worldwide, and consumers use them for a multitude of daily transactions, from buying groceries to paying for public transport. And as digital user interfaces have improved for apps and websites, consumers are finding it easy to forgo cash when paying for a wide range of goods and services. The ecosystem now includes digital giants such as Apple and Google, Fintech companies like PayPal and trendsetting online merchants such as Amazon.
This report covers consumer attitudes and behaviours related to different methods of payments. It explores usage of payment types, online and mobile systems by purchase type, attitudes towards payments, motivations to switch preferred payment methods. It also looks at factors preventing usage of newer methods, concerns around security, cryptocurrencies and other general attitudes.
Written by Sanjay Sharma, a leading analyst in the Financial Services sector, his extensive knowledge delivers in-depth commentary and analysis to highlight current trends and add expert context to the numbers.
The looming entry of digital currencies introduced by technology companies and Central Banks will change the payments landscape in ways that are difficult to foresee
Sanjay Sharma
Senior Financial Services Analyst
Mintel provides a range of market information, frequently through the category level, including market size and forecasting, complete with market drivers that illustrate the forces that shape a category or market.
Mintel’s proprietary consumer research provides our analysts with the attitudinal and behavioral data used to provide valuable insight to topical issues.
Mintel provides overviews of the top brands and manufacturers, and uses consumer research to explore attitudes and reactions to brands, as well as insight into what will resonate with consumers.
Market reports provide appendices of data to support the research and insight produced. Our databooks* are easily manipulated and downloadable to support your research needs and covers factors from consumer attitudes to market forecasts.
*databooks not available with UK B2B Industry reports.
Please Note: This is a sample report. All of the figures, graphs, and tables have been redacted. Our reports are available to download in PDF and PPT formats.