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Canadian Payments Forecast - 2014

Canadian Payments Forecast - 2014, is an authoritative and independent strategic review, analysis and market forecast on Canada's consumer payments industry. This annual update provides in-depth analysis of the trends influencing the payments industry, and provides forecasts for all major consumer payment types, including emerging payment mechanisms such as contactless, mobile and online payments.

The report includes findings of the 2014 TSI Payments Surveys conducted amongst more than 2,000 Canadian adult consumers. The TSI Payments Survey focuses on Mobile, Contactless, Online, Prepaid and Gift cards, Cashback, Pre-authorized Payments, P2P Payments and Remittances.

The report also includes key indicator tables for each payment modality covered in the analysis.

Canadian Payments Forecast, 2014 identifies high growth segments in the Canadian payments market in the context of important trends, and developments in the economy and payments industry. Detailed five-year forecasts are presented on consumer payments and related acceptance infrastructure.

Table of Contents

Executive Summary

INTRODUCTION

  • Objectives of the Study
  • Research Methodology
  • Desk Research
  • Executive Interviews
  • Consumer Research
  • Analysis
  • A Note on Forecasts
  • Currency
  • Acknowledgements

THE CANADIAN ECONOMIC CONTEXT

  • Economic Highlights
  • Economic Growth
  • Personal Consumption Expenditure
  • Retail Sales in Canada
  • PAYMENTS IN CANADA
  • Introduction
  • Cash Payments
  • Cash: Highlights
  • Cash Analysis
  • Cheques
  • Cheques: Highlights
  • Cheques: Analysis
  • Debit Card Payments
  • Debit Card Payments: Highlights
  • Debit Card Payments: Analysis
  • Credit Card Payments
  • Credit Card Payments: Highlights
  • Credit Card Payments: Analysis
  • Contactless Payments
  • Contactless Payments: Highlights
  • Contactless Payments: Analysis
  • Online Payments
  • Online Payments: Highlights
  • Online Payments: Analysis
  • Bill Payments and Transfers
  • Bill Payments and Transfers: Highlights
  • Bill Payments and Transfers: Analysis
  • Mobile Payments
  • Mobile Payments: Highlights
  • Mobile Payments: Analysis
  • Prepaid and Gift Cards
  • Prepaid and Gift Cards: Highlights
  • Prepaid and Gift Cards: Analysis
  • Person-to-Person (P2P) Payments
  • P2P Payments: Highlights
  • P2P Payments: Analysis
  • Remittances
  • Remittances: Highlights
  • Remittances: Analysis
  • Pre-authorized Payments
  • Pre-authorized Payments: Highlights
  • Pre-authorized Payments: Analysis
  • Consumer Payments in Perspective
  • Payments in Perspective: Analysis

KEY DEVELOPMENTS IN THE CANADIAN PAYMENTS INDUSTRY

  • Introduction
  • Fraud
  • Credit Card Fraud
  • Debit Card Fraud
  • Counterfeiting
  • Cryptocurrencies
  • Regulatory Forces
  • Federal Prepaid Card Regulations
  • Code of Conduct
  • Credit Business Practices Regulations
  • The Competition Tribunal Case
  • Payment Clearing and Settlement Systems
  • Restructuring of Interac Payment Association

PROSPECTS FOR CONSUMER PAYMENTS IN CANADA

  • Prospects for the Economy
  • Economic Prospects: Highlights
  • Prospects for the Canadian Economy: Analysis
  • Payments Forecast
  • Cash Forecast
  • Cheque Payments Forecast
  • Debit Card Payments Forecast
  • Credit Card Payments Forecast
  • Contactless Payments Forecast
  • Online Payments Forecast
  • Bill Payments and Transfers Forecast
  • Mobile Payments Forecast
  • Prepaid Cards and Gift Cards Forecast
  • P2P Payments Forecast
  • Remittance Forecast
  • Payments Forecast in Context

Appendix

  • Cash
  • Cheques
  • Credit Cards
  • Contactless Payments
  • Online
  • Bill Payments and Transfers
  • Mobile
  • Prepaid Cards
  • P2P
  • Remittances
  • ACSS

List of Figures

  • Annual Change in GDP (1983 - 2013)
  • Components of Personal Consumer Expenditure (2013)
  • Annual Change in GDP and PCE (1983 - 2013)
  • Annual Change in Components of PCE (2004 - 2013)
  • Canadian Retail Sales by Sector (2013)
  • Nominal Growth in Retail Sales and GDP (2000 - 2013)
  • Growth in Retail Trade by Segment (Growth in 2013; CAGR 2008-2013)
  • Canadian Banknotes and Coin in Circulation (2000 - 2013)
  • Number of ABMs in Canada, by Ownership (2000 - 2013)
  • Volume and Value of Cash Withdrawals at ABMs in Canada (2000 - 2013)
  • Cash Available for Consumer Payment Transactions (2000 - 2013)
  • Cash-based Retail Payment Transaction Volumes in Canada (2000 - 2013)
  • Volume and Value of Small Cheques Cleared through the ACSS in Canada (2000 - 2013)
  • Volume and Value of Personal Cheques Cleared through the ACSS in Canada (2001 - 2013)
  • Reason for Using Personal Cheques (P12M)
  • Number of Interac Direct Payment Monthly Users (2001 - 2013)
  • Value and Volume of Interac Debit Transactions (2001 - 2013)
  • Number of Merchants and Terminals Accepting Interac Debit Payments (2001 - 2013)
  • Total Number of Credit Cards Issued in Canada (2001-2013)
  • Gross Volume and Value of Credit Card Transactions (2001 - 2013)
  • Volume and Value of Credit Card Purchase Transactions (2001 - 2013)
  • Volume and Value of Credit Card Cash Advance Transactions (2001 - 2013)
  • Canadian Credit Card Loans (2001 - 2013)
  • Number of Merchant Outlets Accepting Visa and MasterCard (2001-2013)
  • Contactless Payment Card Users and Terminals (2007 - 2013)
  • Contactless Payment Values and Volumes (2007 - 2013)
  • Awareness of Contactless Card Brands in Canada
  • Ownership of Contactless Card Brands in Canada
  • Usage of Contactless Payment Cards, by Brand
  • Usage of Contactless Payments Cards at Merchants (P6M)
  • Volume and Value of Online Purchases in Canada (2001 - 2013)
  • Payment Methods for Online Purchases (P12M)
  • Categories of Online Purchases (P12M)
  • Online Purchases by Region
  • Transfers and Payments by Delivery Channel (2002 - 2013)
  • Share of Transfers and Payments by Delivery Channel (2002 - 2013)
  • Growth by Delivery Channel and Transaction Type (CAGR: 2008 - 2013)
  • Number of Mobile Subscribers in Canada (2000 - 2013)
  • Smartphone Operating System Ownership (2014)
  • Services Available on Mobile Phone (2014)
  • Payment Applications Installed on Smartphones (2014)
  • Volume and Value of Mobile Transactions (2009 - 2013)
  • Payments Made Using a Smartphone
  • Retail Activities on Smartphone
  • Purchased Value of Open-Loop Prepaid and Closed-Loop Gift Cards (2006 - 2013)
  • Volume of Open-Loop Prepaid and Closed-Loop Gift Cards (2006 - 2013)
  • Categories of Gift Cards Purchased (P12M)
  • Value of P2P Transactions (2008 - 2013)
  • Volume of P2P Transactions (2008 - 2013)
  • Methods of Payment (P6M)
  • Value of Transactions by Payment Method
  • Reasons for Transfer (P6M)
  • Payment Recency
  • Value and Volume of International Remittances (2008 - 2013)
  • Services Used for International Remittances (2012; 2013)
  • Remittances by Region (P12M)
  • Volume and Value of AFT Debits (1993 - 2013)
  • Pre-authorized Bill Payments
  • Pre-authorized Bill Payments with a Credit Card
  • Share of Value of Personal Consumption Expenditure by Payment Type (2001 - 2013)
  • Number of Payment Transactions by Instrument Type (2001 - 2013)
  • Breakdown of Credit Card Fraud by Type (2013)
  • Growth in Value of Credit Card Fraud by Type (CAGR: 2008 - 2013; 2012 - 2013)
  • Debit Card Fraud in Canada (2002 - 2013)
  • Face Value of Counterfeit Notes Detected (1996 - 2013)
  • Current Awareness, Familiarity and Usage of Cryptocurrencies
  • Consumer Likes and Dislikes of Cryptocurrencies
  • Forecast Real Growth in GDP (2014 - 2018)
  • Canadian Consumer Confidence Index (December 2006 to May 2014)
  • Forecast Real Growth in GDP and Personal Consumption Expenditure (2014 - 2018)
  • Forecast Real Growth in Retail Sales and PCE (2014 - 2018)
  • Forecast Number of ABMs in Canada by Ownership (2000 - 2013)
  • Forecast Volume and Value of Cash Withdrawals at ABMs in Canada (2014 - 2018)
  • Forecast Cash Available for Consumer Payment Transactions (2014 - 2018) 111
  • Forecast Cash-based Retail Payment Transaction Volumes in Canada (2014 - 2018)
  • Forecast Volume and Value of Cheques Cleared through the ACSS in Canada (2014 - 2018)
  • Forecast Volume and Value of Personal Cheques Cleared through the ACSS in Canada (2014 - 2018)
  • Forecast Number of Interac Direct Payment Monthly Users (2014 - 2018)
  • Forecast Number of Merchants and Terminals Accepting Interac Debit Payments (2014 - 2018)
  • Forecast Value and Volume of Interac Debit Transactions (2014 - 2018)
  • Forecast Total Number of Credit Cards Issued in Canada (2014 - 2018)
  • Forecast Number of Merchant Outlets Accepting Visa and MasterCard (2014 - 2018)
  • Forecast Gross Volume and Value of Credit Card Transactions (2014 - 2018)
  • Forecast Volume and Value of Credit Card Purchase Transactions (2014 - 2018)
  • Forecast Volume and Value of Credit Card Cash Advance Transactions (2014 - 2018)
  • Forecast Contactless Payment Card Users and Terminals (2014 - 2018)
  • Forecast Contactless Payment Values and Volumes (2014 - 2018)
  • Forecast Volume and Value of Online Purchases in Canada (2014 - 2018)
  • Forecast Transfers and Payments by Delivery Channel
  • Forecast Share of Transfers and Payments by Delivery Channel (2014 - 2018)
  • Forecast Volume and Value of Mobile Transactions (2014 - 2018)
  • Forecast Number of Mobile Subscribers in Canada (2014 - 2018)
  • Forecast NFC Handset Penetration in Canada (2014 - 2018)
  • Forecast Purchased Value of Open-Loop Prepaid and Closed-Loop Gift Cards (2014 - 2018)
  • Forecast Volume of Open-Loop Prepaid and Closed-Loop Gift Cards (2014 - 2018)
  • Forecast Value of P2P Transactions (2014 - 2018)
  • Forecast Volume of P2P Transactions (2014 - 2018)
  • Forecast Value and Volume of International Remittances (2014 - 2018)
  • Forecast Share of Value of Personal Consumption Expenditure by Payment Type (2014 - 2018)
  • Forecast Number of Payment Transactions by Payment Instrument Type (2014 - 2018)
  • Forecast Annual Growth Rates for Primary Payment Instruments (CAGR: 2013 - 2018)
  • Forecast Growth for Secondary Payment Instruments (CAGR: 2013 - 2018)

List of Tables

  • Economic Indicators
  • Cash Payment Indicators
  • Personal Cheque Payment Indicators
  • Debit Card Payment Indicators
  • Credit Card Payment Indicators
  • Primary Issuers of Visa and MasterCard in Canada (2014)
  • Visa and MasterCard Acquirers in Canada (2013)
  • Contactless Card Payment Indicators
  • Online Payment Indicators
  • Transfers and Bill Payment Indicators
  • Mobile Payment Indicators
  • Prepaid Card Payment Indicators
  • P2P Payment Indicators
  • Remittance Indicators
  • Pre-authorized Payment Indicators
  • Primary Payment Instruments
  • Secondary Payment Instruments
  • Selected Vertical Market Indicators
  • Fraud Indicators
  • Forecast Economic Indicators
  • Forecast Primary Payment Instruments
  • Forecast Secondary Payment Instruments
  • Forecast: Selected Vertical Markets
  • Forecast Cash Payment Indicators
  • Forecast Personal Cheque Payment Indicators
  • Forecast Debit Card Payment Indicators
  • Forecast Credit Card Payment Indicators
  • Forecast Contactless Card Payment Indicators
  • Forecast Online Payment Indicators
  • Forecast Transfers and Bill Payment Indicators
  • Forecast Mobile Payment Indicators
  • Forecast P2P Payment Indicators
  • Forecast Remittance Indicators
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