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DIGITAL

&

TRENDSDigitalpaymenttypesinCanadaCHAPTER

01MarketshareShareofcashestimateatpointofsale(POS)inCanadafrom2008to2021AnnuallevelofcashpaymentsinCanada2008-2021ShareintotalPOStransactionvolumeShareintotalPOStransactionvalue70%60%50%40%30%20%10%0%59.7%52.4%43.2%40.4%38%36%26.7%26%22%20.9%17%15.4%14%13%12%10%10%8%0.7%20201%2021200820112014201520162017201820194Description:CashbecameincreasinglylessdominantinCanada,withroughlyonepercentofallPOStransactionvalueinthecountrybeingpaidforwithcash.Thesamecanbesaidforpaymenttransactionvolume,orthenumberoftransactionsprocessedinCanadianPOS.Thisisaccordingtoadatasetthatpulledfromseveralsourcesthattriedtomapoutpaymenttrendsinthecountry.Nodataexistsontheactualuseofcashmoney,outsideofsurveydiaries.

ReadmoreNote(s):Canada;2008to2021;Allfiguresprovidedareestimates,asthesourcecombinesseveraldifferentsourcesSource(s):BankofCanada;Euromonitor;Ipsos;Leger;PaymentsCanada;RFiGroup;TechnologyStrategiesInternationalShareofcurrencyincirculation(CIC)tothenominalGDPofCanadafrom2001to2022Annualcurrencyincirculation(CIC)toGDPratioofCanada2001-20226.0%5.0%4.0%3.0%2.0%1.0%0.0%2001

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20225Description:ThemarketsizeofcurrencycirculatinginCanada'seconomymadeupnearlyfourpercentofthecountry'sGDP,althoughthisvaluedeclinedin2022.Thisso-calledCIC/GDPratioismeanttoroughlymeasuretheuseofcashinthecountry.Duetotheanonymityofcashtransactions,sourcesstruggletofindexactvolumesonthis.Theratiomentionedhereisquitepopularinthatregard,asthedataitneedsisrelativelyeasytofind.Someindustryexpertsmention,however,thatthisratioistoo[...]

ReadmoreNote(s):Canada;2001to2022Source(s):IMF;WorldBankMarketshareofcash,creditcards,andotherpaymentmethodsatpointofsale(POS)inCanadafrom2017to2023,withaforecastfor2027Mostusedin-store(POS)paymentmethodsinCanada2017-2023,with2027forecast201751%26%1%13%-201951%26%4%10%-202049%28%7%5%4%1%-202149%29%8%6%-202250%30%10%6%202350%27%12%6%202742%21%28%5%Creditcard(incl."chargecard"since2021)*DebitcardE-wallet,Digital/mobilewalletCashPOSfinancing*Prepaidcard2%3%3%2%-2%-1%7%2%2%2%Retailer/bankfinancing(splitofffrom"POSfinancing"in2021)*---BuyNow,PayLater(splitofffrom"POSfinancing"in2021)*---1%-------Chargecard*7%7%6%6Description:Canada'sPOSpaymentbehaviordidnotchangemuchsinceCOVID-19,althoughwalletsdidbecomemorepopularin2021.CreditcardsremainedthemostusedpaymentmethodinCanada,bothbeforeandafterCOVID-19,accountingforroughlyhalfofPOSsales.Indeed,thecountryboastsarelativelyhighcreditcardpenetration.Theshareofcash,ontheotherhand,continuedtodeclinewhilstbothwalletsaswellasretailer/bankfinancingtooktheirplace.ReadmoreNote(s):Canada;March2024;*Thesourcemadechangestoitscategoriesin2021,seethe"Details"tabformoreinformation.Source(s):GlobalData;IMF;McKinsey&Company;WorldBank;WorldpayPaymentsatpointsofsalebytypeinCanadaasofDecember2023PaymentsatpointsofsalebytypeinCanada2023Shareofrespondents0%10%20%30%40%50%60%70%66%65%DebitcardCreditcardCashMobiledevice(e.g.,smartphone,smartwatch)Prepaidcard/vouchers54%21%13%Check6%IhavenotpaidatanypointofsaleOther2%1%7Description:"Debitcard"and"Creditcard"arethetoptwoanswersamongCanadianconsumersinoursurveyonthesubjectof"Paymentsatpointsofsalebytype".ReadmoreNote(s):Canada;JanuarytoDecember2023;2018respondents;18-64yearsSource(s):ConsumerInsightsMarketshareofcash,creditcards,andotherpaymentmethodsduringonlineshoppinginCanadafrom2016to2023,withaforecastfor2027Mostusede-commercepaymentmethodsinCanada2016-2023,with2027forecast201670%12%3%201764%16%5%201960%18%5%202055%23%11%-202150%22%13%-202242%27%9%202347%27%10%7%202735%43%7%Creditcard-incl."chargecard"since2021*E-wallet,Digital/mobilewalletDebitcardAccount-to-account(A2A)-incl."banktransfers"and"directdebit"since2022**---12%8%Buynow,paylater(BNPL)Prepaidcard-2%1%3%6%2%1%--1%--1%1%3%11%--1%1%1%7%1%1%-3%2%1%1%7%1%-6%2%1%-5%2%1%1%5%1%1%0%PrePayCashondelivery(CoD)Banktransfer**4%9%--Directdebit**-Chargecard*1%-1%--Others-incl.cryptocurrencysince2022-0%0%0%8Description:CreditcardsincreasinglylostmarketshareasCanada'smostpopularonlinepaymentmethod,asdigitalwalletsgainedfourpercentagepointsin2022.Nevertheless,creditcardswasstillthemostuseddigitalpaymentinthecountrythatyear.ThesourceaddsthatCanadians'preferenceforcreditalsoshoweditselfinbuynow,paylater.BNPLgainedroughlysixpercentmarketsharewithinthecountry'soveralle-commercespendingbetween2020and2022.

ReadmoreNote(s):Canada;March2024;Thesourcemademultiplechangestoitscategoriesovertime,seethe"Details"tabformoreinformation.;*In2022,thesourcestateditmergedthecategoriesof"creditcards"togetherwith"charge/deferreddebit[...]

ReadmoreSource(s):GlobalData;IMF;McKinsey&Company;WorldBank;WorldpayMostcommononlinepaymentsbytypeinCanadaasofDecember2023MostcommononlinepaymentsbytypeinCanada2023Shareofrespondents0%10%20%30%40%50%60%Creditcard63%Debitcard49%Onlinepaymentservices(e.g.,PayPal,AmazonPay)42%DirectdebitPrepaidcards/vouchersCashondelivery29%15%11%Byinvoice8%7%CashinadvanceIhavenotconductedanypaymentsonlineOther5%3%9Description:"Creditcard"and"Debitcard"arethetoptwoanswersamongCanadianconsumersinoursurveyonthesubjectof"Mostcommononlinepaymentsbytype".ReadmoreNote(s):Canada;JanuarytoDecember2023;2018respondents;18-64yearsSource(s):ConsumerInsightsMarketshareofcryptocurrencycomparedtootherpaymentmethodsinselectedcountriesacrosstheworldasof2023Penetrationofcryptoasameansofpaymentinselectedcountriesworldwidein2023Share

ofrespondentsNumber

ofrespondentsSurvey

freAustraliaAustria2%1000Everythre2%24872975EverythreEverythreBelgium1.4%CanadaCyprus1%20001016EveryfouEverythre1.5%Estonia0.9%1506Everythre10Description:Cryptocurrencyasapaymentmethodrarelyexceededthreepercentofoverallpaymentswithinacountrybetween2021and2023.Thisisaccordingtomultiplepaymentdiarysurveyshelddomesticallyacrosstheworld,atvarioustimes.Duetothedecentralizednatureofcryptocurrencies-Bitcoinitself,forexample,wasinitiallycreatedasaprotestagainstcentralauthorities-thereisnounifiedapproachordatabasetotrackhowmuchthedigitalassetisusedasapaymentmethod.Some[...]ReadmoreNote(s):Australia,Austria,Belgium,Canada,Cyprus,Estonia,Finland,France,Germany,Greece,Ireland,Italy,Latvia,Lithuania,Luxembourg,Malta,Netherlands,Poland,Portugal,Slovakia,Slovenia,Spain,Sweden,Switzerland,UnitedKingdom,UnitedStates;March2023;Asof2023,thereisnocentralizedtrackingofcryptopaymentsacrosscountries.Thenumbersprovidedhereweregatheredfromvariousdomesticsourcesandstemfromlocallyheldpaymentdiaries,whichareheldatvariousfrequencies,timesofyear,andlikelyfollowdifferentmethodologiesoraskdifferentquestionsfromoneanother.Thefiguresmaythereforenotnecessarilybecomparabletooneanother.Source(s):BankofCanada;DNB;ECB;FederalReserve;FinancialConductAuthority;Ipsos;NationalBankofPoland;ReserveBankofAustralia;SchweizerischeNationalbank;TheDutchPaymentsAssociation;TheRiksbank;YouGovCHAPTER

02PenetrationPenetrationrateofcreditcardsinCanadafrom2014to2029PenetrationrateofcreditcardsinCanada2014-20299084.5583.783.9884.2683.1483.4282.5882.6282.6682.782.7482.6382.8780.778.8677.0780706050403020100201420152016201720182019202020212022202320242025202620272028202912Description:ThecreditcardpenetrationinCanadawasforecasttocontinuouslyincreasebetween2024and2029byintotal1.4percentagepoints.Aftertheseventhconsecutiveincreasingyear,thecreditcardpenetrationisestimatedtoreach84.55percentandthereforeanewpeakin2029.ReadmoreNote(s):Canada;2014to2029;allvaluesareestimatesSource(s):PenetrationrateofdebitcardsinCanadafrom2014to2029PenetrationrateofdebitcardsinCanada2014-202912096.896.6496.4896.3396.2396.3196.3996.4896.5696.6596.1796.0796.1510080604020095.694.4193.23201420152016201720182019202020212022202320242025202620272028202913Description:ThedebitcardpenetrationinCanadawasforecasttocontinuouslyincreasebetween2024and2029byintotal0.4percentagepoints.Accordingtothisforecastin2029,thedebitcardpenetrationwillhaveincreasedfortheseventhconsecutiveyearto96.65percent.ReadmoreNote(s):Canada;2014to2029;allvaluesareestimatesSource(s):MobilepaymentsusageperformedwithanymobiledeviceatPOSinCanadafrom2018to4thquarterof2023QuarterlyadoptionofmobilepaymentsatPOSinCanada2018-202325%20%15%10%5%0%2018

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Q4202314Description:Between2018and2023,theusageofmobilesatpointofsaleinCanadawitnessedanincreaseof10percentagepoints.In2018,theshareofrespondentsusingmobilepaymentsatPOSstoodat10percent,whichincreasedto20percentinthethirdquarterof2023.ꢀThisisaccordingtoaquestionaskedthroughoutmultiplesurveysfromStatista'sConsumerInsights.Thenumbersshownhererefertoarolling12-monthshareofrespondentswhoindicatedtheyusedamobilepaymentdevice-[...]

ReadmoreNote(s):Canada;January2,2023,toDecember15,2023;12,000+percountry;18-64years;Residentialonlinepopulation;12-monthrollingaverageSource(s):ConsumerInsightsMobilepaymentsbysituationinCanadain2022MobilepaymentsbysituationinCanada2022Shareofrespondents0%5%10%15%20%25%30%28%35%IwouldliketopaywithmysmartphoneallthetimeForfoodanddrinksinrestaurantsForeverydaypurchases(e.g.food)ForfoodanddrinksinbarsandcafésForpublictransportationticketsForminorpurchases(e.g.decorationitems)Foradmissiontickets15%14%13%11%10%9%Fortravelbooking7%Formajorpurchases(e.g.washingmachine)Idon'twanttopaywithmysmartphoneatallOther6%32%2%Don'tknow8%15Description:Whenaskedabout"Mobilepaymentsbysituation",mostCanadianrespondentspick"Iwouldliketopaywithmysmartphoneallthetime"asananswer.28percentdidsoinouronlinesurveyin2022.ReadmoreNote(s):Canada;fourwavesfrom05January2022to22December2022;2014respondents;18-64yearsSource(s):ConsumerInsightsShareofcompaniesthatacceptselecteddigitalpaymentsforalltypesofe-commerceinCanadaasofFebruary2024Paymenttypesacceptedbyalle-commercevendorsinCanadain2022and2024February202269%February202490%80%70%60%50%40%30%20%10%0%79%77%72%70%65%64%61%54%53%50%49%43%34%33%25%17%CreditcardsPayPalBanktransfersApplePayLoyaltypoints,rewardsGiftcardsBuynow,pay

Cryptocurrencylater(BNPL),orNFTs(non-fungibletokens)paymentsininstallments16Description:Fiveoutof10e-commercevendorsinCanadaofferbuynow,paylaterontheirwebsitein2024.ꢀThisisaccordingtoasurveyheldinearly2024,askinge-commerceprofessionalsonwhichpaymentmethodstheyareoffering.NoticeableforCanadaisthesubstantialshareofrespondentswhoindicatedtheyoffercreditcardsin2024.Cryptocurrencyalsofeaturesinthislist,althoughthesourcedoesnotclarifywhethermerchantswouldliketoacceptdirectpaymentswithBitcoinorwhetherthis[...]ReadmoreNote(s):Canada;February2024;2,700respondents;18yearsandolder;third-partypanelistsworldwide;Commerceprofessionalsthatheldadirectororhigherleadershiprole;ProfessionalsfromB2B,B2C,andB2B2CcompaniesacrossNorthAmerica,LatinAmerica,AsiaPacific,Japan,andEuropeSource(s):SalesforceResearchCryptoAdoptionIndexrankingofCanadafrom2020to2023,bymetricAnnualcryptoadoptiondevelopmentinCanada2020-2023,bymetricRank

ofindividual

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indexOverallranking(outof146countries)202024202131202222202319Overallindexscore(1=highest,0=lowest)0.2280.09190.37280.0725On-chaincryptocurrencyvaluereceivedatcentralizedexchanges,rankingOn-chainretailvaluereceivedatcentralizedexchanges,ranking31202823Numberofon-chaindeposits,ranking4537n/a103n/an/a96n/a62Peer-to-peer(P2P)exchangetradevolume,rankingOn-chaincryptocurrencyvaluereceivedfromDeFiprotocols,rankingn/a1414On-chainretailvaluereceivedfromDeFiprotocols,rankingn/an/a81417Description:Canadaisinthetop20intheworldin2023whenitcomestocryptoadoptionbasedontransactionvolume.Thisisaccordingtoestimatesbasedonwebtraffictowardsindividualwebsitesthatareusedtoperformcryptocurrencytransactionsandthencomparedfor146countriesofwebsitetrafficorigin.NotableforCanadaisthehighrankingofdecentralizedwebsites,especiallyforretail.Thesourcedoesnotexplainwhythisisthecase,althoughitmighthavetodowiththecrazethat[...]

ReadmoreNote(s):Canada;July2020toJune2023;Ranking(1=highest,146=lowest);Weightedbypurchasingpowerparity(Source(s):Chainalysis;percapitaDistributionofdomesticandcross-bordere-commercerevenuesin2023,bycountryDomesticandcross-bordere-commercerevenueshare2023,bycountryShareofrevenueCross-border

Domestic40%

50%0%10%20%30%60%70%80%90%100%Japan

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3%98%97%97%97%97%97%97%96%96%96%95%94%FinlandGermanyUnitedKingdomArgentina4%4%4%5%6%Indonesia18Description:TheDigitalMarketOutlookestimatesthattheshareofcross-bordere-commerceretailrevenuein2023willbeonlyaroundtwopercentinJapan.TheUnitedStatesandChinaalsohadarelativelylowshareofcross-boarderrevenue,atthreepercent.BelgiumandAustria,ontheotherhand,hadasignificantlyhighershareoftheire-commercerevenuegeneratedcross-border,at32and19percent,respectively.

ReadmoreNote(s):Worldwide;estimatesSource(s):DigitalMarketInsightsShareofdigitallyinitiatedremittancesinColombiafrom2ndquarter2016to3rdquarter2023,basedonremittanceoutflowtowardsanyothercountryQuarterlymarketshareofoutgoingdigitalremittancesinCanada2016-2023TraditionallyinitiatedDigitallyinitiatedDigitalend-to-end120%100%80%60%40%20%0%Q2

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Q320162016201620172017201720172018201820182018201920192019201920202020202020202021202120212021202220222022202220232023202319Description:TheshareofdigitalremittancesleavingCanadawasslightlyhigherin2023thaninpreviousyears,takingupthemajorityofmoneytransfers.Thisisaccordingtoacustom-madecalculationfrombasedonthenumberofreportedremittancechannelsgoingawayfromCanada.ThethreecountriesCanadasendsthehighestvalueofremittancesincludeIndia,thePhilippines,andChina.Remittancesarearelativelyunchartedtopic,though.Whilefiguresexistonthetotaltrafficbetween[...]ReadmoreNote(s):Canada;September2023;Figuresarebasedontheremittancechannelsthatexistinaremittancesendingand/orreceivingcountry;Seethe"Details"tabformoreinformationonthecategorizationSource(s):WorldBank(RemittancePricesWorldwide)CHAPTER

03BiggestbrandsMarketshareofpaymentcardbrands-Visa,Mastercard,AmericanExpress,orin-marketlocalcardschemes-inCanadafrom2016to2022BiggestinternationalanddomesticpaymentcardschemesinCanada2016-2022VisaInteracMastercardAmericanExpress120%100%80%60%40%20%0%201620172018201920202021202221Description:ThemarketdistributionbetweenVisaanddomesticschemeInteracinCanadaremainedrelativelyunchangedovertheyears.ThisbalanceissomethinguniquetoCanada,asinmostothercountriesthemarketsharesofcardbrandsdidchangenotableduringtheobservedtimeframe.ThemostpopularCanadianin-storepaymentmethodssomewhatresemblethissamestability,withthemarketshareofdebitcardsgrowingbythreepercentagepointsbetween2017and2021.

ReadmoreNote(s):Canada;2016to2022;Basedontotaltransactionvalue,eitheronlineorofflineSource(s):GlobalData;PPRO;WorldpayMostusedmobilepaymentsbybrandinCanadaasofDecember2023MostusedmobilepaymentsbybrandinCanada2023Shareofrespondents0%10%20%30%40%50%60%70%ApplePay65%GooglePay30%30%PayPalMastercardClicktoPay(Masterpass)10%10%SamsungPayAfterpayKOHO8%7%6%AffirmFitbitPaySezzle6%4%GarminPayZipPay2%2%Other6%22Description:WeaskedCanadianconsumersabout"Mostusedmobilepaymentsbybrand"andfoundthat"ApplePay"takesthetopspot,while"ZipPay"isattheotherendoftheranking.ReadmoreNote(s):Canada;JanuarytoDecember2023;414respondents;18-64years;respondentswhousedmobilepaymentinrestaurants,storesandotherpointsofsaleinthepast12months(Health,Finance,Insurance)Source(s):ConsumerInsightsMostusedonlinepaymentsbybrandinCanadaasofDecember2023MostusedonlinepaymentsbybrandinCanada2023Shareofrespondents0%10%20%30%40%50%60%70%80%PayPal80%Interac50%ApplePay34%GooglePay28%MastercardClicktoPay(Masterpass)13%AfterpayAffirmSquare9%6%6%KlarnaSezzlePaybright5%5%4%MetaPay(Facebook)Paysafecard2%2%23Description:WeaskedCanadianconsumersabout"Mostusedonlinepaymentsbybrand"andfoundthat"PayPal"takesthetopspot,while"ZipPay"isattheotherendoftheranking.ReadmoreNote(s):Canada;JanuarytoDecember2023;856respondents;18-64years;respondentswhousedonlinepaymentmethods(Health,Finance,Insurance)Source(s):ConsumerInsightsBiggestbuynow,paylater(BNPL)appsinCanadafrom1stquarterof2015to4thquarterof2023,bynumberofdownloadsBiggestbuynow,paylater(BNPL)appsinCanada2015-2023,basedondownloadsPayPal*AffirmKlarnaAfterpaySezzlePayBrightbyAffirm900,000800,000700,000600,000500,000400,000300,000200,000100,000024Description:PureplayBNPLprovidersAffirmandKlarnaattractedfewerdownloadsinCanadathanthePayPalappdidoverthecourseof2023.Thisisaccordingtoresearchintoapproximately150differentappsthateitherofferbuynow,paylaterdirectly,orarecloselyaffiliatedwithit.Canada'smainBNPLappsarefromoutsidethecountry,withPayPal,AffirmandSezzleallcomingfromtheUnitedStates-withKlarnaandAfterpaybeingfromSwedenandAustralia,respectively.PayBrightistheonly[...]ReadmoreNote(s):Canada;March2024;Thisstatisticistheresultofresearchintoroughly150differentappsusedforBNPLacrosstheworld.Formoreinformation,seethe"Details"tab;Theappsondisplayheremadeup99.2percentofalldownloadsinQ42023Source(s):AppMagic;BusinessWire;CBInsights;ecommerceDB.com;Fincog;PayU;SiftedBiggestwalletsforcryptocurrencystorageinCanadafrom1stquarterof2015to4thquarterof2023,bynumberofdownloadsBiggestcryptocurrencywalletsinCanada2015-2023,basedondownloadsCoinbaseCoinbaseWalletMEXCTrustKrakenProExodusKrakenMetaMaskSweatWalletBinanceKuCoinBybitBitgetBitcoin&CryptoDeFiWalletOKX1,400,0001,200,0001,000,000800,000600,000400,000200,000025Description:CryptowalletdownloadsinCanadagrewinQ42023,althoughBinancekeptdecliningasCanada'smostpopularwallet.Thisisaccordingtoanestimateusingroughly190differentappsthatofferacryptowalletfunctionfromacrosstheworld.Walletsarebutonetypeofappthatinteractwithdecentralizeddigitalassets,althoughitcanbedifficulttoseparatethedifferentapplicationsfromeachother.Cryptowalletsareoftenusedforcryptostorage,andlesssoforpayments.Payment[...]

ReadmoreNote(s):Canada;March2024;Thisstatisticistheresultofresearchintoover190differentappsusedforBNPLacrosstheworld.Formoreinformation,seethe"Details"tab;The15appsondisplayheremadeup82.8percentofalldownloadsinQ4[...]

ReadmoreSource(s):AppMagic;CoinGecko;Website(CryptoSlate)BiggestbrandsforremittancesinCanadafrom1stquarter2011to3rdquarter2023,basedonremittanceoutflowtowardsanyothercountryQuarterlymarketshareofoutgoingremittancebrandsinCanada2011-2023WesternUnionXoomWiseWorldRemitScotiaBankMetroRemittanceMoneyGramRoyalBankofCanadaOtherRiaTorontoDominionBank120%100%80%60%40%20%0%26Description:WesternUnionwasusedthemostforoutgoingremittancesfromCanadain2023,aheadofseveralbanksfromwithinthecountry.Thisisaccordingtoacustom-madecalculationfrombasedonthenumberofreportedremittancechannelsgoingawayfromCanada.ThethreecountriestowhichCanadasendsthehighestvalueofremittancesareIndia,thePhilippines,andChina.Remittancesarearelativelyunchartedtopic,though.Whilefiguresexistonthetotaltrafficbetween[...]ReadmoreNote(s):Canada;September2023;Figuresarebasedontheremittancechannelsthatexistinaremittancesendingand/orreceivingcountry.Source(s):WorldBank(RemittancePricesWorldwide)CHAPTER

04UsersTotalnumberofcreditcardsanddebitcardsincirculationinCanadafrom2012to2022AnnualcreditcardanddebitcardsissuedinCanada2012-2022CreditcardsDebitcards120,000,000100,000,00080,000,00060,000,00040,000,00020,000,00002012201320142015201620172018201920202021202228Description:ThenumberofcreditcardsinCanadacontinuedtoincreaseeversince2015,makingitoneofthefewcountrieswithmorecreditcardsthandebitcards.Canadaisconsideredthecountrywiththehighestcreditcardpenetrationworldwide,asmanyCanadiansowneitheroneortwoofthesepaymentcards.Despitethat,exactfiguresonthismarketareseeminglydifficulttocomeby.ReadmoreNote(s):Canada;2012to2022;Nonumberswereprovidedfrombefore2012;Figureswerereleasedinearly2024,andhaveasignificantpublicationdelayduetodomesticdatacollectionandreporting.Source(s):BankforInternationalSettlements;CanadianBankersAssociationShareofindividualswhoownacreditcardinCanadain2011,2014,2017and2021withaforecastfor2024,byage,gender,andincomelevelTriennialcreditcardpenetrationinCanada2011-2024,bydemographic201172.3%-201477.1%73.1%201782.6%79.2%202182.7%78.6%2024*87.6%81.8%OwnershipUsedacreditcardGender:Male69.2%75.2%78.6%75.7%81.4%83.6%82.1%83.4%87.8%87.4%FemaleAgegroup:15-24years25yearsandolderIncomelevel:Poorest40%Richest60%28.7%80.7%48.3%82.1%54.7%86.5%77.1%83.6%90.2%86.3%59.6%80.7%66.1%84.1%74.3%88.1%74.5%88.2%81.5%91.7%29Description:Roughlyeightoutof10Canadianseitherownedorusedacreditcard,afigurethatstayedrelativelyconsistentthroughouttheyears.Thisisaccordingtoathree-yearsurveythataskedconsumersinCanadawhethertheyhadsuchadigitalpaymentmethod.Noticeableinthemostrecentedition-in2021-isthattheyoungestagegroupssawtheircreditownershipincreasebymorethan20percentagepoints.Thismeansyo

sincreasinglycatchinguptotheiroldercounterparts.

ReadmoreNote(s):AugusttoNovember2021;approx.1,000percountry;15yearsandolder;Entirecivilian,noninstitutionalizedpopulation;*Thedatafor2024isaforecastcalculatedby

Thefiguresshownarefromaglobalsurveyheldevery3years.Datafor2021-themostrecentyearavailable-wasreleasedinJune2022.Source(s):Gallup;

WorldBankShareofindividualswhoownadebitcardinCanadain2011,2014,2017and2021withaforecastfor2024,byage,gender,andincomelevelTriennialdebitcardpenetrationinCanada2011-2024,bydemographic201188%-201493.2%83%201796.8%84.6%202196.2%83%2024*98%OwnershipUsedadebitcardGender:83.4%Male84.6%91.1%92.4%94%96.2%97.4%96.1%96.3%98.2%97.8%FemaleAgegroup:15-24years25yearsandolderIncomelevel:Poorest40%Richest60%80.6%90.1%93%99.4%96.4%93.5%96.6%95.1%98.2%93.7%84.3%90.4%92.8%93.5%96.8%96.8%94%95.3%99.8%97.6%30Description:Accordingtoathree-yearsurvey,morethannineoutof10respondentsfromCanadaownedadebitcardin2021with83percenthavingusedone.Thedifferencebetweenownershipandusagewasroughly13percentagepointsin2021,aslightincreasefromadifferenceof12percentagepointsin2017.ThereportaddsthatwomenweremorelikelythanmentoownsuchapaymentcardintheNorthAmericancountry.Theage

15to24yearsinthissurvey-wasonlyslightlyless[...]

ReadmoreNote(s):AugusttoNovember2021;approx.1,000percountry;15yearsandolder;Entirecivilian,noninstitutionalizedpopulation;*Thedatafor2024isaforecastcalculatedby

Thefiguresshownarefromaglobalsurveyheldevery3years.Datafor2021-themostrecentyearavailable-wasreleasedinJune2022.Source(s):Gallup;

WorldBankEstimatednumberofpeoplewhoholdortradecryptocurrencyinCanadafrom4thquarterof2021to4thquarterof2022QuarterlynumberofcryptousersinCanada2021-2022Numberofusers(inmillions)Shareofpopulation(%)4433221109.298.88.68.48.287.87.6Q42021Q3