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Market Research Report
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1037464

Financial Cards and Payments in Canada

Published: | Euromonitor International | 58 Pages | Delivery time: 1-2 business days

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Financial Cards and Payments in Canada
Published: November 9, 2021
Euromonitor International
Content info: 58 Pages
Delivery time: 1-2 business days
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Description

Financial cards and payments in Canada will record a significantly improved performance in 2021, with overall volume and current value transactions set to rebound strongly following steep declines the previous year. The turnaround will be driven by growth in confidence and spending among consumers and businesses as society reopens and economic activity picks up with the gradual easing of the COVID-19 pandemic. Increased promotional activity by card issuers and operators keen to make up for recen...

Euromonitor International's Financial Cards and Payments in Canada report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit cards, charge cards, pre-paid cards and store cards. It looks at key players in the market (issuers and operators), number of cards in circulation, numbers transactions and value of transactions. It offers strategic analysis of sector forecasts and trends to watch.

Product coverage: Financial Cards in Circulation, M-Commerce, Transactions.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

  • Get a detailed picture of the Financial Cards and Payments market;
  • Pinpoint growth sectors and identify factors driving change;
  • Understand the competitive environment, the market's major players and leading brands;
  • Use five-year forecasts to assess how the market is predicted to develop.
Table of Contents
Product Code: FCCA

TABLE OF CONTENTS

List Of Contents And Tables

EXECUTIVE SUMMARY

  • Financial cards and payments in 2021: The big picture
  • 2021 key trends
  • Uneven recovery between personal and commercial transactions in credit cards
  • Real-Time Rail (RTR) will create new opportunities in digital payments
  • "Big Six" remain the leading financial card issuers
  • What next for financial cards and payments?

MARKET INDICATORS

  • Table 1 Number of POS Terminals: Units 2016-2021
  • Table 2 Number of ATMs: Units 2016-2021
  • Table 3 Value Lost to Fraud 2016-2021
  • Table 4 Card Expenditure by Location 2021
  • Table 5 Financial Cards in Circulation by Type: % Number of Cards 2016-2021
  • Table 6 Domestic versus Foreign Spend 2021

MARKET DATA

  • Table 7 Financial Cards by Category: Number of Cards in Circulation 2016-2021
  • Table 8 Financial Cards by Category: Number of Accounts 2016-2021
  • Table 9 Financial Cards Transactions by Category: Value 2016-2021
  • Table 10 Financial Cards by Category: Number of Transactions 2016-2021
  • Table 11 Consumer Payments by Category: Value 2016-2021
  • Table 12 Consumer Payments by Category: Number of Transactions 2016-2021
  • Table 13 M-Commerce by Category: Value 2016-2021
  • Table 14 M-Commerce by Category: % Value Growth 2016-2021
  • Table 15 Financial Cards: Number of Cards by Issuer 2016-2020
  • Table 16 Financial Cards: Number of Cards by Operator 2016-2020
  • Table 17 Financial Cards: Card Payment Transactions Value by Operator 2016-2020
  • Table 18 Financial Cards: Card Payment Transactions Value by Issuer 2016-2020
  • Table 19 Forecast Financial Cards by Category: Number of Cards in Circulation 2021-2026
  • Table 20 Forecast Financial Cards by Category: Number of Accounts 2021-2026
  • Table 21 Forecast Financial Cards Transactions by Category: Value 2021-2026
  • Table 22 Forecast Financial Cards by Category: Number of Transactions 2021-2026
  • Table 23 Forecast Consumer Payments by Category: Value 2021-2026
  • Table 24 Forecast Consumer Payments by Category: Number of Transactions 2021-2026
  • Table 25 Forecast M-Commerce by Category: Value 2021-2026
  • Table 26 Forecast M-Commerce by Category: % Value Growth 2021-2026

DISCLAIMER

SOURCES

    • Summary 1 Research Sources

DEBIT CARDS IN CANADA

KEY DATA FINDINGS

2021 DEVELOPMENTS

  • Third and fourth waves of COVID-19 temper recovery in debit card transactions
  • Pandemic accelerates migration from cash to card payments
  • Contactless payments gain popularity amidst virus concerns

PROSPECTS AND OPPORTUNITIES

  • Value and volume transactions set to increase throughout the forecast period
  • Debit cards best placed to profit from growing preference for cashless payments
  • Payments to small businesses will become a more important driver of transactions

CATEGORY DATA

  • Table 27 Debit Cards: Number of Cards in Circulation 2016-2021
  • Table 28 Debit Cards Transactions 2016-2021
  • Table 29 Debit Cards in Circulation: % Growth 2016-2021
  • Table 30 Debit Cards Transactions: % Growth 2016-2021
  • Table 31 Debit Cards: Number of Cards by Issuer 2016-2020
  • Table 32 Debit Cards: Number of Cards by Operator 2016-2020
  • Table 33 Debit Cards Payment Transaction Value by Issuer 2016-2020
  • Table 34 Debit Cards Payment Transaction Value by Operator 2016-2020
  • Table 35 Forecast Debit Cards: Number of Cards in Circulation 2021-2026
  • Table 36 Forecast Debit Cards Transactions 2021-2026
  • Table 37 Forecast Debit Cards in Circulation: % Growth 2021-2026
  • Table 38 Forecast Debit Cards Transactions: % Growth 2021-2026

CREDIT CARDS IN CANADA

KEY DATA FINDINGS

2021 DEVELOPMENTS

  • Credit card spending rebounds despite ongoing challenges posed by COVID-19
  • Credit card operators expand their e-commerce footprint as shopping habits change
  • Shifting consumer preferences prompt issuers to adjust rewards strategies

PROSPECTS AND OPPORTUNITIES

  • Robust growth in credit card spending projected from 2022
  • E-commerce transactions set to become a focal point for issuers
  • Growing adoption of mobile payments bodes well for credit cards

CATEGORY DATA

  • Table 39 Credit Cards: Number of Cards in Circulation 2016-2021
  • Table 40 Credit Cards Transactions 2016-2021
  • Table 41 Credit Cards in Circulation: % Growth 2016-2021
  • Table 42 Credit Cards Transactions: % Growth 2016-2021
  • Table 43 Commercial Credit Cards: Number of Cards in Circulation 2016-2021
  • Table 44 Commercial Credit Cards Transactions 2016-2021
  • Table 45 Commercial Credit Cards in Circulation: % Growth 2016-2021
  • Table 46 Commercial Credit Cards Transactions: % Growth 2016-2021
  • Table 47 Personal Credit Cards: Number of Cards in Circulation 2016-2021
  • Table 48 Personal Credit Cards Transactions 2016-2021
  • Table 49 Personal Credit Cards in Circulation: % Growth 2016-2021
  • Table 50 Personal Credit Cards Transactions: % Growth 2016-2021
  • Table 51 Credit Cards: Number of Cards by Issuer 2016-2020
  • Table 52 Credit Cards: Number of Cards by Operator 2016-2020
  • Table 53 Credit Cards Payment Transaction Value by Issuer 2016-2020
  • Table 54 Credit Cards Payment Transaction Value by Operator 2016-2020
  • Table 55 Commercial Credit Cards: Number of Cards by Issuer 2016-2020
  • Table 56 Commercial Credit Cards: Number of Cards by Operator 2016-2020
  • Table 57 Commercial Credit Cards Payment Transaction Value by Issuer 2016-2020
  • Table 58 Commercial Credit Cards Payment Transaction Value by Operator 2016-2020
  • Table 59 Personal Credit Cards: Number of Cards by Issuer 2016-2020
  • Table 60 Personal Credit Cards: Number of Cards by Operator 2016-2020
  • Table 61 Personal Credit Cards Payment Transaction Value by Issuer 2016-2020
  • Table 62 Personal Credit Cards Payment Transaction Value by Operator 2016-2020
  • Table 63 Forecast Credit Cards: Number of Cards in Circulation 2021-2026
  • Table 64 Forecast Credit Cards Transactions 2021-2026
  • Table 65 Forecast Credit Cards in Circulation: % Growth 2021-2026
  • Table 66 Forecast Credit Cards Transactions: % Growth 2021-2026
  • Table 67 Forecast Commercial Credit Cards: Number of Cards in Circulation 2021-2026
  • Table 68 Forecast Commercial Credit Cards Transactions 2021-2026
  • Table 69 Forecast Commercial Credit Cards in Circulation: % Growth 2021-2026
  • Table 70 Forecast Commercial Credit Cards Transactions: % Growth 2021-2026
  • Table 71 Forecast Personal Credit Cards: Number of Cards in Circulation 2021-2026
  • Table 72 Forecast Personal Credit Cards Transactions 2021-2026
  • Table 73 Forecast Personal Credit Cards in Circulation: % Growth 2021-2026
  • Table 74 Forecast Personal Credit Cards Transactions: % Growth 2021-2026

CHARGE CARDS IN CANADA

KEY DATA FINDINGS

2021 DEVELOPMENTS

  • Recovery subdued by ongoing economic uncertainty and reduced travel spending
  • American Express expands its offer of welcome bonuses and other rewards
  • American Express continues to support small businesses with "Shop Small" event

PROSPECTS AND OPPORTUNITIES

  • Volume and current value transactions expected to bounce back quickly in 2022
  • Charge cards set to benefit from release of pent-up demand for travel
  • Recovery of commercial charge cards will lag behind that of the personal category

CATEGORY DATA

  • Table 75 Charge Cards: Number of Cards in Circulation 2016-2021
  • Table 76 Charge Cards Transactions 2016-2021
  • Table 77 Charge Cards in Circulation: % Growth 2016-2021
  • Table 78 Charge Cards Transactions: % Growth 2016-2021
  • Table 79 Commercial Charge Cards: Number of Cards in Circulation 2016-2021
  • Table 80 Commercial Charge Cards Transactions 2016-2021
  • Table 81 Commercial Charge Cards in Circulation: % Growth 2016-2021
  • Table 82 Commercial Charge Cards Transactions: % Growth 2016-2021
  • Table 83 Personal Charge Cards: Number of Cards in Circulation 2016-2021
  • Table 84 Personal Charge Cards Transactions 2016-2021
  • Table 85 Personal Charge Cards in Circulation: % Growth 2016-2021
  • Table 86 Personal Charge Cards Transactions: % Growth 2016-2021
  • Table 87 Charge Cards: Number of Cards by Issuer 2016-2020
  • Table 88 Charge Cards: Number of Cards by Operator 2016-2020
  • Table 89 Charge Cards Payment Transaction Value by Issuer 2016-2020
  • Table 90 Charge Cards Payment Transaction Value by Operator 2016-2020
  • Table 91 Commercial Charge Cards: Number of Cards by Issuer 2016-2020
  • Table 92 Commercial Charge Cards: Number of Cards by Operator 2016-2020
  • Table 93 Commercial Charge Cards Payment Transaction Value by Issuer 2016-2020
  • Table 94 Commercial Charge Cards Payment Transaction Value by Operator 2016-2020
  • Table 95 Personal Charge Cards: Number of Cards by Issuer 2016-2020
  • Table 96 Personal Charge Cards: Number of Cards by Operator 2016-2020
  • Table 97 Personal Charge Cards Transaction Value by Issuer 2016-2020
  • Table 98 Personal Charge Cards Transaction Value by Operator 2016-2020
  • Table 99 Forecast Charge Cards: Number of Cards in Circulation 2021-2026
  • Table 100 Forecast Charge Cards Transactions 2021-2026
  • Table 101 Forecast Charge Cards in Circulation: % Growth 2021-2026
  • Table 102 Forecast Charge Cards Transactions: % Growth 2021-2026
  • Table 103 Forecast Commercial Charge Cards: Number of Cards in Circulation 2021-2026
  • Table 104 Forecast Commercial Charge Cards Transactions 2021-2026
  • Table 105 Forecast Commercial Charge Cards in Circulation: % Growth 2021-2026
  • Table 106 Forecast Commercial Charge Cards Transactions: % Growth 2021-2026
  • Table 107 Forecast Personal Charge Cards: Number of Cards in Circulation 2021-2026
  • Table 108 Forecast Personal Charge Cards Transactions 2021-2026
  • Table 109 Forecast Personal Charge Cards in Circulation: % Growth 2021-2026
  • Table 110 Forecast Personal Charge Cards Transactions: % Growth 2021-2026

PRE-PAID CARDS IN CANADA

KEY DATA FINDINGS

2021 DEVELOPMENTS

  • Increased use of gift cards lifts performance of closed loop pre-paid cards
  • Retailers and foodservice players leverage gift cards to generate more business
  • Mogo offers 2% Bitcoin cashback on Mogo Visa Platinum Prepaid Card purchases

PROSPECTS AND OPPORTUNITIES

  • Closed loop pre-paid cards set to experience strong recovery from 2022
  • Shift away from cash and cheques creates opportunities for open loop category
  • Fintech companies will remain key drivers of innovation

CATEGORY DATA

  • Table 111 Pre-paid Cards: Number of Cards in Circulation 2016-2021
  • Table 112 Pre-paid Cards Transactions 2016-2021
  • Table 113 Pre-paid Cards in Circulation: % Growth 2016-2021
  • Table 114 Pre-paid Cards Transactions: % Growth 2016-2021
  • Table 115 Closed Loop Pre-paid Cards Transactions 2016-2021
  • Table 116 Closed Loop Pre-paid Cards Transactions: % Growth 2016-2021
  • Table 117 Open Loop Pre-paid Cards Transactions 2016-2021
  • Table 118 Open Loop Pre-paid Cards Transactions: % Growth 2016-2021
  • Table 119 Pre-paid Cards: Number of Cards by Issuer 2016-2020
  • Table 120 Pre-paid Cards: Number of Cards by Operator 2016-2020
  • Table 121 Pre-paid Cards Transaction Value by Issuer 2016-2020
  • Table 122 Pre-paid Cards Transaction Value by Operator 2016-2020
  • Table 123 Closed Loop Pre-paid Cards: Number of Cards by Issuer 2016-2020
  • Table 124 Closed Loop Pre-paid Cards Transaction Value by Issuer 2016-2020
  • Table 125 Open Loop Pre-paid Cards: Number of Cards by Operator 2016-2020
  • Table 126 Open Loop Pre-paid Cards Transaction Value by Operator 2016-2020
  • Table 127 Forecast Pre-paid Cards: Number of Cards in Circulation 2021-2026
  • Table 128 Forecast Pre-paid Cards Transactions 2021-2026
  • Table 129 Forecast Pre-paid Cards in Circulation: % Growth 2021-2026
  • Table 130 Forecast Pre-paid Cards Transactions: % Growth 2021-2026
  • Table 131 Forecast Closed Loop Pre-paid Cards Transactions 2021-2026
  • Table 132 Forecast Closed Loop Pre-paid Cards Transactions: % Growth 2021-2026
  • Table 133 Forecast Open Loop Pre-paid Cards Transactions 2021-2026
  • Table 134 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2021-2026

STORE CARDS IN CANADA

KEY DATA FINDINGS

2021 DEVELOPMENTS

  • Pandemic-related uncertainty hampers recovery of store cards
  • Store cards face growing competition from buy now pay later (BNPL) services
  • Appeal of store cards limited by retailer-specific business model

PROSPECTS AND OPPORTUNITIES

  • Ongoing fallout of COVID-19 will continue to temper expansion of store cards
  • Threats from co-branded credit cards and BNPL services set to intensify
  • Competitive landscape expected to remain highly consolidated

CATEGORY DATA

  • Table 135 Store Cards: Number of Cards in Circulation 2016-2021
  • Table 136 Store Cards Transactions 2016-2021
  • Table 137 Store Cards in Circulation: % Growth 2016-2021
  • Table 138 Store Cards Transactions: % Growth 2016-2021
  • Table 139 Store Cards: Number of Cards by Issuer 2016-2020
  • Table 140 Store Cards: Payment Transaction Value by Issuer 2016-2020
  • Table 141 Forecast Store Cards: Number of Cards in Circulation 2021-2026
  • Table 142 Forecast Store Cards Transactions 2021-2026
  • Table 143 Forecast Store Cards in Circulation: % Growth 2021-2026
  • Table 144 Forecast Store Cards Transactions: % Growth 2021-2026