Cash money made up roughly 19 percent of overall payment transaction volume in Canada in 2019, a relative decline of nearly 40 percent compared to 2014. Indeed, the source lists the decline in paper based payments as one of the most significant changes between 2014 and 2019. Opposed to this is the digitalization of payments: Credit card especially grew at a fast pace, from a market share of 21 percent in 2014 to a share of 31 percent in 2019 - a relative change of 62 percent.
Most used payment methods including consumer as well as business environment based on transaction volume in Canada in 2019
(in millions)
Numbers provided are from late 2020 but cover 2019 only, the source explicitly states it did not supply figures on the impact of COVID-19 just yet.
Supplementary notes
The source states that the figures provided concern "consumer and
business payment behavior conducted at the point-of-sale payments environment and the remote payments environment".
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Payments Canada. (November 17, 2020). Most used payment methods including consumer as well as business environment based on transaction volume in Canada in 2019 (in millions) [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/800881/volume-of-payment-transactions-by-payment-method-canada/
Payments Canada. "Most used payment methods including consumer as well as business environment based on transaction volume in Canada in 2019 (in millions)." Chart. November 17, 2020. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/800881/volume-of-payment-transactions-by-payment-method-canada/
Payments Canada. (2020). Most used payment methods including consumer as well as business environment based on transaction volume in Canada in 2019 (in millions). Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/800881/volume-of-payment-transactions-by-payment-method-canada/
Payments Canada. "Most Used Payment Methods including Consumer as Well as Business Environment Based on Transaction Volume in Canada in 2019 (in Millions)." Statista, Statista Inc., 17 Nov 2020, https://www.statista.com/statistics/800881/volume-of-payment-transactions-by-payment-method-canada/
Payments Canada, Most used payment methods including consumer as well as business environment based on transaction volume in Canada in 2019 (in millions) Statista, https://www.statista.com/statistics/800881/volume-of-payment-transactions-by-payment-method-canada/ (last visited December 21, 2024)
Most used payment methods including consumer as well as business environment based on transaction volume in Canada in 2019 (in millions) [Graph], Payments Canada, November 17, 2020. [Online]. Available: https://www.statista.com/statistics/800881/volume-of-payment-transactions-by-payment-method-canada/
