The value of payments made with debit cards in Canada grew by nearly 10 percent in 2021, a recovery from the decline in 2020. Debit cards rank as the second-most popular in-store payment method in Canada for several years, although its market share remained relatively stable over time. Mobile wallets, on the other hands, grew increasingly more important in the retail transaction space in the country.
Value of debit card transactions for payments in Canada from 2012 to 2022
(in million Canadian dollars, and estimates in U.S. dollars)
Characteristic
Transaction volume in million Canadian pounds
Transaction volume in million U.S. dollars
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Statista. (January 26, 2024). Value of debit card transactions for payments in Canada from 2012 to 2022 (in million Canadian dollars, and estimates in U.S. dollars) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1388683/annual-debit-card-transaction-value-canada/
Statista. "Value of debit card transactions for payments in Canada from 2012 to 2022 (in million Canadian dollars, and estimates in U.S. dollars)." Chart. January 26, 2024. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1388683/annual-debit-card-transaction-value-canada/
Statista. (2024). Value of debit card transactions for payments in Canada from 2012 to 2022 (in million Canadian dollars, and estimates in U.S. dollars). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1388683/annual-debit-card-transaction-value-canada/
Statista. "Value of Debit Card Transactions for Payments in Canada from 2012 to 2022 (in Million Canadian Dollars, and Estimates in U.S. Dollars)." Statista, Statista Inc., 26 Jan 2024, https://www.statista.com/statistics/1388683/annual-debit-card-transaction-value-canada/
Statista, Value of debit card transactions for payments in Canada from 2012 to 2022 (in million Canadian dollars, and estimates in U.S. dollars) Statista, https://www.statista.com/statistics/1388683/annual-debit-card-transaction-value-canada/ (last visited July 22, 2024)
Value of debit card transactions for payments in Canada from 2012 to 2022 (in million Canadian dollars, and estimates in U.S. dollars) [Graph], Statista, January 26, 2024. [Online]. Available: https://www.statista.com/statistics/1388683/annual-debit-card-transaction-value-canada/