Transcription of 2020 - Payments Canada
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2020 - Payments Canada
Canadian Payments : Methods and Trends2020 Canadian Payments : Methods and Trends 2020 Author NotesPooja PaturiAssociate Analyst, Market Insights, Research Unit, Payments CanadaCyrielle ChironHead, Research and Strategic Foresight, Payments CanadaA number of organizations assisted Payments Canada by providing data and information, guidance on assumptions and feedback on this or past reports. Payments Canada would like to acknowledge the contributions provided by the following organizations:Bank of Canada Interac Symcor Technology Strategies International Euromonitor International Leger Nilson RFi Group Statistics CanadaThe views expressed in this report are solely those of the authors at the time of publication and should not be attributed to any of the organizations listed above.
3 A contactless payment is a method for consumers to purchase products/ services using RFID technology for near-field communication (NFC); also referred to as “tap to pay”. 4 Credit card totals include all transactions (i.e., POS, card on file, contactless, and online) except for remote credit card transactions.
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