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Financial Cards and Payments in Canada

Financial Cards and Payments in Canada

Debit and credit cards are already quite saturated in Canada; prepaid cards continue to show the fastest growth in terms of value transactions albeit from a much smaller base. Credit cards continue to dominate the category and are the most commonly used non-cash form of retail payments. Continued growth and popularity of online shopping, a wide array of competitive offerings leading to increased usage, technological advancements like contactless payments and few merchant limitations have all con...

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.
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FINANCIAL CARDS AND PAYMENTS IN CANADA Euromonitor International November 2017 LIST OF CONTENTS AND TABLES Executive Summary Credit Cards' Success A Natural Deterrent To Growth of Other Cards Technology Drives Innovation But Security Concerns Remain Prepaid Cards Continues To Grow Rapidly From A Small Base Loyalty Programmes and Rewards Remain Critical Across Financial Cards Credit Cards Will Continue Their Stronghold Market Indicators Table 1 Number of POS Terminals: Units 2012-2017 Table 2 Number of ATMs: Units 2012-2017 Table 3 Value Lost to Fraud 2012-2017 Table 4 Card Expenditure by Location 2017 Table 5 Financial Cards in Circulation by Type: % Number of Cards 2012-2017 Table 6 Domestic versus Foreign Spend 2017 Market Data Table 7 Financial Cards by Category: Number of Cards in Circulation 2012-2017 Table 8 Financial Cards by Category: Number of Accounts 2012-2017 Table 9 Financial Cards Transactions by Category: Value 2012-2017 Table 10 Financial Cards by Category: Number of Transactions 2012-2017 Table 11 Consumer Payments by Category: Value 2012-2017 Table 12 Consumer Payments by Category: Number of Transactions 2012-2017 Table 13 M-Commerce by Category: Value 2013-2017 Table 14 M-Commerce by Category: % Value Growth 2013-2017 Table 15 Financial Cards: Number of Cards by Issuer 2012-2016 Table 16 Financial Cards: Number of Cards by Operator 2012-2016 Table 17 Financial Cards: Card Payment Transactions Value by Operator 2012-2016 Table 18 Financial Cards: Card Payment Transactions Value by Issuer 2012-2016 Table 19 Forecast Financial Cards by Category: Number of Cards in Circulation 2017-2022 Table 20 Forecast Financial Cards by Category: Number of Accounts 2017-2022 Table 21 Forecast Financial Cards Transactions by Category: Value 2017-2022 Table 22 Forecast Financial Cards by Category: Number of Transactions 2017-2022 Table 23 Forecast Consumer Payments by Category: Value 2017-2022 Table 24 Forecast Consumer Payments by Category: Number of Transactions 2017-2022 Table 25 Forecast M-Commerce by Category: Value 2017-2022 Table 26 Forecast M-Commerce by Category: % Value Growth 2017-2022 Definitions Sources Summary 1 Research Sources Headlines Prospects Personal Charge Cards Appeal To High Spenders With Less Real Need for Credit But Seeking To Earn Rewards Whilst Businesses Prefer Charge Cards To Control Expenses Charge Card Transaction Value and Number of Cards Will Slow Down in Face of Growing Competition From Loyalty/rewards Credit Cards Issuers Targeting the Same Affluent Consumers Competitive Landscape American Express Offers the Only Personal Charge Card Available in Canada, But Low Acceptance Rates Due To High Interchange Fees Limit Growth Potential Mastercard and American Express Are Leading Commercial Credit Card Operators Whilst Competition Amongst Local Issuers Intensifies in A Crowded Landscape Category Data Table 27 Charge Cards: Number of Cards in Circulation 2012-2017 Table 28 Charge Cards Transactions 2012-2017 Table 29 Charge Cards in Circulation: % Growth 2012-2017 Table 30 Charge Cards Transactions: % Growth 2012-2017 Table 31 Commercial Charge Cards: Number of Cards in Circulation 2012-2017 Table 32 Commercial Charge Cards Transactions 2012-2017 Table 33 Commercial Charge Cards in Circulation: % Growth 2012-2017 Table 34 Commercial Charge Cards Transactions: % Growth 2012-2017 Table 35 Personal Charge Cards: Number of Cards in Circulation 2012-2017 Table 36 Personal Charge Cards Transactions 2012-2017 Table 37 Personal Charge Cards in Circulation: % Growth 2012-2017 Table 38 Personal Charge Cards Transactions: % Growth 2012-2017 Table 39 Charge Cards: Number of Cards by Issuer 2012-2016 Table 40 Charge Cards: Number of Cards by Operator 2012-2016 Table 41 Charge Cards Payment Transaction Value by Issuer 2012-2016 Table 42 Charge Cards Payment Transaction Value by Operator 2012-2016 Table 43 Commercial Charge Cards: Number of Cards by Issuer 2012-2016 Table 44 Commercial Charge Cards: Number of Cards by Operator 2012-2016 Table 45 Commercial Charge Cards Payment Transaction Value by Issuer 2012-2016 Table 46 Commercial Charge Cards Payment Transaction Value by Operator 2012-2016 Table 47 Personal Charge Cards: Number of Cards by Issuer 2012-2016 Table 48 Personal Charge Cards: Number of Cards by Operator 2012-2016 Table 49 Personal Charge Cards Transaction Value by Issuer 2012-2016 Table 50 Personal Charge Cards Transaction Value by Operator 2012-2016 Table 51 Forecast Charge Cards: Number of Cards in Circulation 2017-2022 Table 52 Forecast Charge Cards Transactions 2017-2022 Table 53 Forecast Charge Cards in Circulation: % Growth 2017-2022 Table 54 Forecast Charge Cards Transactions: % Growth 2017-2022 Table 55 Forecast Commercial Charge Cards: Number of Cards in Circulation 2017-2022 Table 56 Forecast Commercial Charge Cards Transactions 2017-2022 Table 57 Forecast Commercial Charge Cards in Circulation: % Growth 2017-2022 Table 58 Forecast Commercial Charge Cards Transactions: % Growth 2017-2022 Table 59 Forecast Personal Charge Cards: Number of Cards in Circulation 2017-2022 Table 60 Forecast Personal Charge Cards Transactions 2017-2022 Table 61 Forecast Personal Charge Cards in Circulation: % Growth 2017-2022 Table 62 Forecast Personal Charge Cards Transactions: % Growth 2017-2022 Headlines Prospects Contactless Payments and Other Conveniences To Boost Growth in Transactions Whilst Growth in Circulation Set To Slow Down As the Average Canadian Already Has 2-3 Credit Cards Credit Card Companies Invest Money From High Merchant Fees To Help Create One of the Most Developed and Secure Digital Payment Environments in the World Growth in Internet Shopping and Demand for Security Give Credit Cards An Advantage Leading To Strong Growth Competitive Landscape As Cash Use Declines, Canada's Biggest Banks Engage in A "credit Card War" That Can Only Benefit the Consumer Traditional Banks Challenged To Become As Innovative and Competitive As Fintech Start-ups Or To Start Partnering With Them Category Data Table 63 Credit Cards: Number of Cards in Circulation 2012-2017 Table 64 Credit Cards Transactions 2012-2017 Table 65 Credit Cards in Circulation: % Growth 2012-2017 Table 66 Credit Cards Transactions: % Growth 2012-2017 Table 67 Commercial Credit Cards: Number of Cards in Circulation 2012-2017 Table 68 Commercial Credit Cards Transactions 2012-2017 Table 69 Commercial Credit Cards in Circulation: % Growth 2012-2017 Table 70 Commercial Credit Cards Transactions: % Growth 2012-2017 Table 71 Personal Credit Cards: Number of Cards in Circulation 2012-2017 Table 72 Personal Credit Cards Transactions 2012-2017 Table 73 Personal Credit Cards in Circulation: % Growth 2012-2017 Table 74 Personal Credit Cards Transactions: % Growth 2012-2017 Table 75 Credit Cards: Number of Cards by Issuer 2012-2016 Table 76 Credit Cards: Number of Cards by Operator 2012-2016 Table 77 Credit Cards Payment Transaction Value by Issuer 2012-2016 Table 78 Credit Cards Payment Transaction Value by Operator 2012-2016 Table 79 Commercial Credit Cards: Number of Cards by Issuer 2012-2016 Table 80 Commercial Credit Cards: Number of Cards by Operator 2012-2016 Table 81 Commercial Credit Cards Payment Transaction Value by Issuer 2012-2016 Table 82 Commercial Credit Cards Payment Transaction Value by Operator 2012-2016 Table 83 Personal Credit Cards: Number of Cards by Issuer 2012-2016 Table 84 Personal Credit Cards: Number of Cards by Operator 2012-2016 Table 85 Personal Credit Cards Payment Transaction Value by Issuer 2012-2016 Table 86 Personal Credit Cards Payment Transaction Value by Operator 2012-2016 Table 87 Forecast Credit Cards: Number of Cards in Circulation 2017-2022 Table 88 Forecast Credit Cards Transactions 2017-2022 Table 89 Forecast Credit Cards in Circulation: % Growth 2017-2022 Table 90 Forecast Credit Cards Transactions: % Growth 2017-2022 Table 91 Forecast Commercial Credit Cards: Number of Cards in Circulation 2017-2022 Table 92 Forecast Commercial Credit Cards Transactions 2017-2022 Table 93 Forecast Commercial Credit Cards in Circulation: % Growth 2017-2022 Table 94 Forecast Commercial Credit Cards Transactions: % Growth 2017-2022 Table 95 Forecast Personal Credit Cards: Number of Cards in Circulation 2017-2022 Table 96 Forecast Personal Credit Cards Transactions 2017-2022 Table 97 Forecast Personal Credit Cards in Circulation: % Growth 2017-2022 Table 98 Forecast Personal Credit Cards Transactions: % Growth 2017-2022 Headlines Prospects Widespread Penetration of Debit Cards Limits Significant Growth Opportunities Focus Is on Motivating People To Spend Money They Already Have With Special Incentives Competitive Landscape Popularity of Mobile Payment Methods and E-commerce Linked Directly To Bank Accounts Or Credit Cards Challenge Growth Prospects for Debit Cards Some Co-branded Partnerships Do Not Work, But Wal-mart and Mastercard Have A Very Fruitful One Category Data Table 99 Debit Cards: Number of Cards in Circulation 2012-2017 Table 100 Debit Cards Transactions 2012-2017 Table 101 Debit Cards in Circulation: % Growth 2012-2017 Table 102 Debit Cards Transactions: % Growth 2012-2017 Table 103 Debit Cards: Number of Cards by Issuer 2012-2016 Table 104 Debit Cards: Number of Cards by Operator 2012-2016 Table 105 Debit Cards Payment Transaction Value by Issuer 2012-2016 Table 106 Debit Cards Payment Transaction Value by Operator 2012-2016 Table 107 Forecast Debit Cards: Number of Cards in Circulation 2017-2022 Table 108 Forecast Debit Cards Transactions 2017-2022 Table 109 Forecast Debit Cards in Circulation: % Growth 2017-2022 Table 110 Forecast Debit Cards Transactions: % Growth 2017-2022 Headlines Prospects Prepaid Cards See Robust Growth, With Closed-loop Cards Leading in Value Sales With Gift Cards, and Open-loop Cards Accounting for the Bulk of Cards in Circulation Government Increasingly Relying on Prepaid Cards As Standard Payment Solutions for Programmes Everywhere Growth Set To Continue As Consumers Are Attracted by Lack of Need for Credit and Quick Availability of Funds Competitive Landscape VISA and Mastercard Remain Dominant in Open-loop Prepaid Cards New Prepaid Cards Increase Features and Functions Mimicking Credit and Debit Cards in Order To Better Compete Category Data Table 111 Pre-paid Cards: Number of Cards in Circulation 2012-2017 Table 112 Pre-paid Cards Transactions 2012-2017 Table 113 Pre-paid Cards in Circulation: % Growth 2012-2017 Table 114 Pre-paid Cards Transactions: % Growth 2012-2017 Table 115 Closed Loop Pre-paid Cards Transactions 2012-2017 Table 116 Closed Loop Pre-paid Cards Transactions: % Growth 2012-2017 Table 117 Open Loop Pre-paid Cards Transactions 2012-2017 Table 118 Open Loop Pre-paid Cards Transactions: % Growth 2012-2017 Table 119 Pre-paid Cards: Number of Cards by Issuer 2012-2016 Table 120 Pre-paid Cards: Number of Cards by Operator 2012-2016 Table 121 Pre-paid Cards Transaction Value by Issuer 2012-2016 Table 122 Pre-paid Cards Transaction Value by Operator 2012-2016 Table 123 Closed Loop Pre-paid Cards: Number of Cards by Issuer 2012-2016 Table 124 Closed Loop Pre-paid Cards: Number of Cards by Operator 2012-2016 Table 125 Open Loop Pre-paid Cards: Number of Cards by Issuer 2012-2016 Table 126 Open Loop Pre-paid Cards: Number of Cards by Operator 2012-2016 Table 127 Open Loop Pre-paid Cards Transaction Value by Issuer 2012-2016 Table 128 Open Loop Pre-paid Cards Transaction Value by Operator 2012-2016 Table 129 Forecast Pre-paid Cards: Number of Cards in Circulation 2017-2022 Table 130 Forecast Pre-paid Cards Transactions 2017-2022 Table 131 Forecast Pre-paid Cards in Circulation: % Growth 2017-2022 Table 132 Forecast Pre-paid Cards Transactions: % Growth 2017-2022 Table 133 Forecast Closed Loop Pre-paid Cards Transactions 2017-2022 Table 134 Forecast Closed Loop Pre-paid Cards Transactions: % Growth 2017-2022 Table 135 Forecast Open Loop Pre-paid Cards Transactions 2017-2022 Table 136 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2017-2022 Headlines Prospects Declining Trend Continues in Face of Competition From Other Cards, Including Co-branded Ones Expected Slower Decline Represents A Bright Spot But Competition From Other Cards Will Continue To Pose A Challenge Competitive Landscape Issuing Cards for Ikea and Home Depot, Citi Cards Canada Is the Leading Store Card Provider Increasingly Competitive Rewards Programmes and Services Boosting Appeal of Store Cards Co-badged Cards Becoming Another Strategy To Attract Use of Store Cards Category Data Table 137 Store Cards: Number of Cards in Circulation 2012-2017 Table 138 Store Cards Transactions 2012-2017 Table 139 Store Cards in Circulation: % Growth 2012-2017 Table 140 Store Cards Transactions: % Growth 2012-2017 Table 141 Store Cards: Number of Cards by Issuer 2012-2016 Table 142 Store Cards: Payment Transaction Value by Issuer 2012-2016 Table 143 Forecast Store Cards: Number of Cards in Circulation 2017-2022 Table 144 Forecast Store Cards Transactions 2017-2022 Table 145 Forecast Store Cards in Circulation: % Growth 2017-2022 Table 146 Forecast Store Cards Transactions: % Growth 2017-2022

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