The Canadian payments landscape is undergoing fundamental changes as new technologies vie for the attention of consumers. Shopping habits are shifting as consumers embrace the convenience and functionality offered by smart phones, tablets and an almost ubiquitous internet connection. While mobile is mainstream in many areas, mobile payments are still embryonic. Key players in the industry continue to wrestle with their business models and ways to fit all the pieces together to present a compelling offering to consumers in an already crowded market. And then there’s the matter of waiting for consumers to get their hands on smart devices – including wearable technology – that can accommodate the payment solutions being dreamt up in innovation labs. While these developments capture the largest mindshare amongst payment executives, traditional electronic payments continue to grow, draining the remaining life out of paper-based payments.
Canadian Payments Forecast, 2016 examines the Canadian consumer payments market in the context of developments in the Canadian economy and the fundamental shifts taking place in technology. Now in its 7th year of publication, the report provides in-depth analysis of each of the major consumer payments segments in the Canadian market. Detailed five-year forecasts are presented on consumer payments and related acceptance infrastructure.
This new report from Technology Strategies International Inc. provides a detailed and insightful assessment of the prospects for the Canadian consumer payments market, and is recognized by industry leaders as the most comprehensive, authoritative and independent review pf the market available in Canada.
Included in this year's comprehensive update of the report:
Selected findings from the 2016 Canadian Consumer Payments Survey, conducted amongst more than 2,000 adult Canadians
In-depth analysis of prospects for the Canadian economy, personal expenditure, and the retail sector
Analysis and forecast for each major consumer payment segment
An assessment of the most important regulatory developments in the Canadian payments market
Key Indicator tables for all major payment modes
A strategic resource for payment professionals, Canadian Payments Forecast, 2016 provides essential in-depth planning information for anyone involved in Canada's payment industry.