Financial Cards and Payments in Canada

Description

Financial cards and payments in Canada is expected to record an improved performance in 2022 as the country continues to recover from the COVID-19 pandemic. However, the growth in the number of volume and current value transactions is set to be lower than previous estimations made in 2021. This is due to a combination of different factors that have affected consumer confidence and behaviour, such as the Russian invasion of Ukraine, high inflation and a crash in the stock market. The use of direc...

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.

Product Code: FCCA

List Of Contents And Tables

EXECUTIVE SUMMARY

Financial cards and payments in 2022: The big picture
2022 key trends
Competitive landscape
What next for financial cards and payments?

MARKET INDICATORS

Table 1 Number of POS Terminals: Units 2017-2022
Table 2 Number of ATMs: Units 2017-2022
Table 3 Value Lost to Fraud 2017-2022
Table 4 Card Expenditure by Location 2022
Table 5 Financial Cards in Circulation by Type: % Number of Cards 2017-2022
Table 6 Domestic versus Foreign Spend 2022

MARKET DATA

Table 7 Financial Cards by Category: Number of Cards in Circulation 2017-2022
Table 8 Financial Cards by Category: Number of Accounts 2017-2022
Table 9 Financial Cards Transactions by Category: Value 2017-2022
Table 10 Financial Cards by Category: Number of Transactions 2017-2022
Table 11 Consumer Payments by Category: Value 2017-2022
Table 12 Consumer Payments by Category: Number of Transactions 2017-2022
Table 13 M-Commerce by Category: Value 2017-2022
Table 14 M-Commerce by Category: % Value Growth 2017-2022
Table 15 Financial Cards: Number of Cards by Issuer 2017-2021
Table 16 Financial Cards: Number of Cards by Operator 2017-2021
Table 17 Financial Cards: Card Payment Transactions Value by Operator 2017-2021
Table 18 Financial Cards: Card Payment Transactions Value by Issuer 2017-2021
Table 19 Forecast Financial Cards by Category: Number of Cards in Circulation 2022-2027
Table 20 Forecast Financial Cards by Category: Number of Accounts 2022-2027
Table 21 Forecast Financial Cards Transactions by Category: Value 2022-2027
Table 22 Forecast Financial Cards by Category: Number of Transactions 2022-2027
Table 23 Forecast Consumer Payments by Category: Value 2022-2027
Table 24 Forecast Consumer Payments by Category: Number of Transactions 2022-2027
Table 25 Forecast M-Commerce by Category: Value 2022-2027
Table 26 Forecast M-Commerce by Category: % Value Growth 2022-2027

DISCLAIMER

SOURCES

Summary 1 Research Sources

DEBIT CARDS IN CANADA

KEY DATA FINDINGS

2022 DEVELOPMENTS

Reopening of society boosts transactions
Canadians rely on credit cards more than debit cards
Major banks encourage clients to open account virtually

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 2017-2022
Table 28 Debit Cards Transactions 2017-2022
Table 29 Debit Cards in Circulation: % Growth 2017-2022
Table 30 Debit Cards Transactions: % Growth 2017-2022
Table 31 Debit Cards: Number of Cards by Issuer 2017-2021
Table 32 Debit Cards: Number of Cards by Operator 2017-2021
Table 33 Debit Cards Payment Transaction Value by Issuer 2017-2021
Table 34 Debit Cards Payment Transaction Value by Operator 2017-2021
Table 35 Forecast Debit Cards: Number of Cards in Circulation 2022-2027
Table 36 Forecast Debit Cards Transactions 2022-2027
Table 37 Forecast Debit Cards in Circulation: % Growth 2022-2027
Table 38 Forecast Debit Cards Transactions: % Growth 2022-2027

CREDIT CARDS IN CANADA

KEY DATA FINDINGS

2022 DEVELOPMENTS

Credit card spending continues to grow in tandem with a fuller reopening of the economy
Bigger sign up bonusses and higher annual fees
Innovative payment plans

PROSPECTS AND OPPORTUNITIES

Robust growth in credit card spending projected from 2023
Criteria for issuing new credit cards set to tighten
Growing adoption of mobile payments bodes well for credit cards

CATEGORY DATA

Table 39 Credit Cards: Number of Cards in Circulation 2017-2022
Table 40 Credit Cards Transactions 2017-2022
Table 41 Credit Cards in Circulation: % Growth 2017-2022
Table 42 Credit Cards Transactions: % Growth 2017-2022
Table 43 Commercial Credit Cards: Number of Cards in Circulation 2017-2022
Table 44 Commercial Credit Cards Transactions 2017-2022
Table 45 Commercial Credit Cards in Circulation: % Growth 2017-2022
Table 46 Commercial Credit Cards Transactions: % Growth 2017-2022
Table 47 Personal Credit Cards: Number of Cards in Circulation 2017-2022
Table 48 Personal Credit Cards Transactions 2017-2022
Table 49 Personal Credit Cards in Circulation: % Growth 2017-2022
Table 50 Personal Credit Cards Transactions: % Growth 2017-2022
Table 51 Credit Cards: Number of Cards by Issuer 2017-2021
Table 52 Credit Cards: Number of Cards by Operator 2017-2021
Table 53 Credit Cards Payment Transaction Value by Issuer 2017-2021
Table 54 Credit Cards Payment Transaction Value by Operator 2017-2021
Table 55 Commercial Credit Cards: Number of Cards by Issuer 2017-2021
Table 56 Commercial Credit Cards: Number of Cards by Operator 2017-2021
Table 57 Commercial Credit Cards Payment Transaction Value by Issuer 2017-2021
Table 58 Commercial Credit Cards Payment Transaction Value by Operator 2017-2021
Table 59 Personal Credit Cards: Number of Cards by Issuer 2017-2021
Table 60 Personal Credit Cards: Number of Cards by Operator 2017-2021
Table 61 Personal Credit Cards Payment Transaction Value by Issuer 2017-2021
Table 62 Personal Credit Cards Payment Transaction Value by Operator 2017-2021
Table 63 Forecast Credit Cards: Number of Cards in Circulation 2022-2027
Table 64 Forecast Credit Cards Transactions 2022-2027
Table 65 Forecast Credit Cards in Circulation: % Growth 2022-2027
Table 66 Forecast Credit Cards Transactions: % Growth 2022-2027
Table 67 Forecast Commercial Credit Cards: Number of Cards in Circulation 2022-2027
Table 68 Forecast Commercial Credit Cards Transactions 2022-2027
Table 69 Forecast Commercial Credit Cards in Circulation: % Growth 2022-2027
Table 70 Forecast Commercial Credit Cards Transactions: % Growth 2022-2027
Table 71 Forecast Personal Credit Cards: Number of Cards in Circulation 2022-2027
Table 72 Forecast Personal Credit Cards Transactions 2022-2027
Table 73 Forecast Personal Credit Cards in Circulation: % Growth 2022-2027
Table 74 Forecast Personal Credit Cards Transactions: % Growth 2022-2027

CHARGE CARDS IN CANADA

KEY DATA FINDINGS

2022 DEVELOPMENTS

Limited options for charge cards affect its use
American Express raises credit score and income requirements for charge cards
No spending limit feature increases suitability for business clients

PROSPECTS AND OPPORTUNITIES

Rise in small businesses will boost demand for charge cards
Niche for major banks in Canada
Credit score concern among Canadians might favour use of charge cards

CATEGORY DATA

Table 75 Charge Cards: Number of Cards in Circulation 2017-2022
Table 76 Charge Cards Transactions 2017-2022
Table 77 Charge Cards in Circulation: % Growth 2017-2022
Table 78 Charge Cards Transactions: % Growth 2017-2022
Table 79 Commercial Charge Cards: Number of Cards in Circulation 2017-2022
Table 80 Commercial Charge Cards Transactions 2017-2022
Table 81 Commercial Charge Cards in Circulation: % Growth 2017-2022
Table 82 Commercial Charge Cards Transactions: % Growth 2017-2022
Table 83 Personal Charge Cards: Number of Cards in Circulation 2017-2022
Table 84 Personal Charge Cards Transactions 2017-2022
Table 85 Personal Charge Cards in Circulation: % Growth 2017-2022
Table 86 Personal Charge Cards Transactions: % Growth 2017-2022
Table 87 Charge Cards: Number of Cards by Issuer 2017-2021
Table 88 Charge Cards: Number of Cards by Operator 2017-2021
Table 89 Charge Cards Payment Transaction Value by Issuer 2017-2021
Table 90 Charge Cards Payment Transaction Value by Operator 2017-2021
Table 91 Commercial Charge Cards: Number of Cards by Issuer 2017-2021
Table 92 Commercial Charge Cards: Number of Cards by Operator 2017-2021
Table 93 Commercial Charge Cards Payment Transaction Value by Issuer 2017-2021
Table 94 Commercial Charge Cards Payment Transaction Value by Operator 2017-2021
Table 95 Personal Charge Cards: Number of Cards by Issuer 2017-2021
Table 96 Personal Charge Cards: Number of Cards by Operator 2017-2021
Table 97 Personal Charge Cards Transaction Value by Issuer 2017-2021
Table 98 Personal Charge Cards Transaction Value by Operator 2017-2021
Table 99 Forecast Charge Cards: Number of Cards in Circulation 2022-2027
Table 100 Forecast Charge Cards Transactions 2022-2027
Table 101 Forecast Charge Cards in Circulation: % Growth 2022-2027
Table 102 Forecast Charge Cards Transactions: % Growth 2022-2027
Table 103 Forecast Commercial Charge Cards: Number of Cards in Circulation 2022-2027
Table 104 Forecast Commercial Charge Cards Transactions 2022-2027
Table 105 Forecast Commercial Charge Cards in Circulation: % Growth 2022-2027
Table 106 Forecast Commercial Charge Cards Transactions: % Growth 2022-2027
Table 107 Forecast Personal Charge Cards: Number of Cards in Circulation 2022-2027
Table 108 Forecast Personal Charge Cards Transactions 2022-2027
Table 109 Forecast Personal Charge Cards in Circulation: % Growth 2022-2027
Table 110 Forecast Personal Charge Cards Transactions: % Growth 2022-2027

PRE-PAID CARDS IN CANADA

KEY DATA FINDINGS

2022 DEVELOPMENTS

Wider use among young people and international students supports growth in pre-paid cards category
Digital transformation of payment system in Canada continues to favour use of pre-paid cards
Growing offer of innovative pre-paid card solutions

PROSPECTS AND OPPORTUNITIES

Shift away from cash and cheques creates opportunities for open loop category
Closed loop pre-paid cards set to post robust growth in 2023
Fintech companies will remain key drivers of innovation

CATEGORY DATA

Table 111 Pre-paid Cards: Number of Cards in Circulation 2017-2022
Table 112 Pre-paid Cards Transactions 2017-2022
Table 113 Pre-paid Cards in Circulation: % Growth 2017-2022
Table 114 Pre-paid Cards Transactions: % Growth 2017-2022
Table 115 Closed Loop Pre-paid Cards Transactions 2017-2022
Table 116 Closed Loop Pre-paid Cards Transactions: % Growth 2017-2022
Table 117 Open Loop Pre-paid Cards Transactions 2017-2022
Table 118 Open Loop Pre-paid Cards Transactions: % Growth 2017-2022
Table 119 Pre-paid Cards: Number of Cards by Issuer 2017-2021
Table 120 Pre-paid Cards: Number of Cards by Operator 2017-2021
Table 121 Pre-paid Cards Transaction Value by Issuer 2017-2021
Table 122 Pre-paid Cards Transaction Value by Operator 2017-2021
Table 123 Closed Loop Pre-paid Cards: Number of Cards by Issuer 2017-2021
Table 124 Closed Loop Pre-paid Cards Transaction Value by Issuer 2017-2021
Table 125 Open Loop Pre-paid Cards: Number of Cards by Operator 2017-2021
Table 126 Open Loop Pre-paid Cards Transaction Value by Operator 2017-2021
Table 127 Forecast Pre-paid Cards: Number of Cards in Circulation 2022-2027
Table 128 Forecast Pre-paid Cards Transactions 2022-2027
Table 129 Forecast Pre-paid Cards in Circulation: % Growth 2022-2027
Table 130 Forecast Pre-paid Cards Transactions: % Growth 2022-2027
Table 131 Forecast Closed Loop Pre-paid Cards Transactions 2022-2027
Table 132 Forecast Closed Loop Pre-paid Cards Transactions: % Growth 2022-2027
Table 133 Forecast Open Loop Pre-paid Cards Transactions 2022-2027
Table 134 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2022-2027

STORE CARDS IN CANADA

KEY DATA FINDINGS

2022 DEVELOPMENTS

Recovery of retail shopping supports use 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

Cost-of-living crisis will 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 2017-2022
Table 136 Store Cards Transactions 2017-2022
Table 137 Store Cards in Circulation: % Growth 2017-2022
Table 138 Store Cards Transactions: % Growth 2017-2022
Table 139 Store Cards: Number of Cards by Issuer 2017-2021
Table 140 Store Cards: Payment Transaction Value by Issuer 2017-2021
Table 141 Forecast Store Cards: Number of Cards in Circulation 2022-2027
Table 142 Forecast Store Cards Transactions 2022-2027
Table 143 Forecast Store Cards in Circulation: % Growth 2022-2027
Table 144 Forecast Store Cards Transactions: % Growth 2022-2027

Financial Cards and Payments in Canada

Description

Table of Contents

Why buy this report?

TABLE OF CONTENTS

EXECUTIVE SUMMARY

MARKET INDICATORS

MARKET DATA

DISCLAIMER

SOURCES

DEBIT CARDS IN CANADA

KEY DATA FINDINGS

2022 DEVELOPMENTS

PROSPECTS AND OPPORTUNITIES

CATEGORY DATA

CREDIT CARDS IN CANADA

KEY DATA FINDINGS

2022 DEVELOPMENTS

PROSPECTS AND OPPORTUNITIES

CATEGORY DATA

CHARGE CARDS IN CANADA

KEY DATA FINDINGS

2022 DEVELOPMENTS

PROSPECTS AND OPPORTUNITIES

CATEGORY DATA

PRE-PAID CARDS IN CANADA

KEY DATA FINDINGS

2022 DEVELOPMENTS

PROSPECTS AND OPPORTUNITIES

CATEGORY DATA

STORE CARDS IN CANADA

KEY DATA FINDINGS

2022 DEVELOPMENTS

PROSPECTS AND OPPORTUNITIES

CATEGORY DATA