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The Cards and Payments Industry in Canada: Emerging Trends and Opportunities to 2019

The Cards and Payments Industry in Canada: Emerging Trends and Opportunities to 2019

Synopsis

Timetric’s 'The Cards and Payments Industry in Canada: Emerging Trends and Opportunities to 2019' report provides detailed analysis of market trends in Canada's cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including check payments, credit transfers, direct debits, payment cards and cash transactions during the review period (2010–2014). The report also analyzes various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, and transaction values and volumes during the review period and over the forecast period (2015–2019). It also offers information on the country's competitive landscape, including market shares of issuers and schemes. The report brings together Timetric’s research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers detailed regulatory policies, recent changes in regulatory structure, card fraud statistics, and profiles of card issuers operating in the country.

Summary

Timetric’s 'The Cards and Payments Industry in Canada: Emerging Trends and Opportunities to 2019' report provides top-level market analysis, information and insights into Canada's cards and payments industry, including:

  • Current and forecast values for each market in Canada's cards and payments industry, including debit cards, credit and charge cards. It also includes detailed analysis of the prepaid cards market.
  • Detailed insights into payment instruments including check payments, credit transfers, direct debits, payment cards and cash transactions. It also, includes an overview of the country's key alternative payment instruments.
  • Analysis of various market drivers and regulations governing Canada's cards and payments industry.
  • Detailed analysis of strategies adopted by banks and other institutions to market debit, credit and charge cards.
  • Comprehensive analysis of consumer attitudes and buying preferences for cards.
  • The competitive landscape of Canada's cards and payments industry.
Scope
  • This report provides a comprehensive analysis of Canada's cards and payments industry.
  • It provides current values for Canada's cards and payments industry for 2014, and forecast figures to 2019.
  • It details the different economic, infrastructural and business drivers affecting Canada's cards and payments industry.
  • It outlines the current regulatory framework in the industry.
  • It details marketing strategies used by various banks and other institutions.
  • It profiles major banks in Canada's cards and payments industry.
Reasons To Buy
  • Make strategic business decisions, using top-level historic and forecast market data, related to Canada's cards and payments industry and each market within it.
  • Understand the key market trends and growth opportunities in Canada's cards and payments industry.
  • Assess the competitive dynamics in Canada's cards and payments industry.
  • Gain insights into marketing strategies used for various card types in Canada.
  • Gain insights into key regulations governing Canada's cards and payments industry.
Key Highlights
  • Canada is poised for progress on technological fronts such as m-payments. Its approach has been to make m-payments capability ubiquitous, recognizing that consumers will benefit. Already pressing ahead with the adoption of EMV technology, and with the growing presence of contactless payments, key infrastructure is already in place. In this context, m-payments will form a natural extension of the established infrastructure, offering speed, security and convenience to consumers. With the anticipated launch of Apple Pay in November 2015, it is likely that innovation and competition will be encouraged in the Canadian cards and payments industry.
  • Changes are anticipated in the credit cards market over the forecast period (2014–2019), due to government intervention to regulate the market. The intervention aims to reduce the cost of credit card acceptance for merchants, to keep prices affordable for consumers.
  • In November 2014, Visa and MasterCard agreed to reduce the interchange fee on credit card purchases, and limit the amount charged retailers to process transactions to 1.5% of the transaction value. The new rate will apply from April 30, 2015, and will remain unchanged for five years.


  • Definitions and Methodology
    • Definitions
      • Table Key Definitions
    • Methodology
      • Table Annual Average Exchange Rate
  • Key Facts and Events
    • Table Canada - Key Facts, 2014
    • Table Regional Benchmarking of Canadian Payment Cards, 2014
  • Executive Summary
  • Payment Instruments
    • Current Payment Environment
    • Alternative Payment Instruments
      • Mobile payments
      • PayPal
      • Interac Online
      • Zoompass
      • Ugo wallet
      • Suretap wallet
      • LoopWallet
      • Safetypay
      • Apple Pay
  • Regulations in the Cards and Payments Industry
    • Regulatory Framework
      • Regulations pertaining to cards
    • Anti-Money Laundering (AML)
    • Foreign Direct Investment (FDI) Regulations
      • Table Canada - Mode of Entry of Foreign Banks
  • Analysis of Cards and Payments Industry Drivers
    • Demographic Drivers
    • Economic Drivers
    • Infrastructure Drivers
    • Business Drivers
  • Market Segmentation and New Product Launches
    • Market Segmentation and Targeting
      • Consumer cards
        • Table Cards for High-Income Consumers, 2015
        • Table Cards for Travelers, 2015
        • Table Cards for Students and the Young Population, 2015
        • Table Cashback Credit Cards, 2015
        • Table Shopping Reward Point Credit Cards, 2015
      • Commercial cards
        • Table Commercial Cards Comparison and Key Features, 2015
    • New Product Launches
      • Table Canada - New Product Launches
  • Payment Cards
    • Payment Cards Analysis
      • Volume and value of payment card transactions by type
      • Personal vs commercial cards
  • Debit Cards
    • Debit Cards Market Analysis
      • Table Canada - Pay Now, Average Interchange Fees: Intra-Network Transactions (%), 2010-2014
      • Table Canada - Pay Now, Average Merchant Service Charge: Domestic Transactions (%), 2010-2019
      • Debit card transaction volumes and values by channel
      • Debit card scheme shares in terms of the volume and value
      • Debit cards issuers' market shares
      • Debit cards comparison
        • Table Canada - Debit Cards Comparison and Key Features, 2015
  • Credit Cards
    • Credit Cards Market Analysis
      • Table Canada - Pay Later, Average Interchange Fees: Intra-Network Transactions (%), 2010-2014
      • Table Canada - Pay Later, Average Merchant Service Charge: Domestic Transactions (%), 2010-2019
      • Credit card transaction volumes and values by channel
      • Credit card scheme shares in terms of number of cards in circulation and transaction value
      • Credit cards issuers' market shares
      • Credit cards comparison
        • Table Canada - Gold Credit Cards Comparison and Key Features, 2014
        • Table Canada - Premium Credit Cards Comparison and Key Features, 2015
  • Charge Cards
    • Charge Cards Market Analysis
      • Charge card transaction volumes and values by channel
      • Charge card scheme shares in terms of number of cards in circulation and transaction value
      • Charge cards comparison
        • Table Canada - Charge Cards Comparison and Key Features, 2015
  • Commercial Cards
    • Commercial Cards Market Analysis
      • Commercial cards comparison
        • Table Canada - Commercial Cards Comparison and Key Features, 2015
  • Card Fraud Statistics
    • Card Fraud Analysis
  • Card Issuers
    • Royal Bank of Canada
    • TD Canada Trust
    • CIBC
    • Bank of Montreal
    • Scotiabank
    • American Express
  • Prepaid Cards
    • Prepaid Cards Market Analysis
      • Prepaid cards comparison
        • Table Canada - Prepaid Cards Comparison and Key Features, 2015
  • Merchant Acquiring
    • Merchant Acquiring Market Analysis
  • Appendix
    • Tables
      • Table Canada - Payment Instrument Transaction Values (CAD Billion), 2010-2014
      • Table Canada - Payment Instrument Transaction Values (US$ Billion), 2010-2014
      • Table Canada - Payment Instrument Transaction Volumes (Million), 2010-2014
      • Table Canada - Number of Payment Cards in Circulation by Type (Million), 2010-2019
      • Table Canada - Volume of Payment Card Transactions by Type (Million), 2010-2019
      • Table Canada - Value of Payment Card Transactions by Type (CAD Billion), 2010-2019
      • Table Canada - Value of Payment Card Transactions by Type (US$ Billion), 2010-2019
      • Table Canada - Personal and Commercial Card Transaction Volumes ( Million), 2010-2019
      • Table Canada - Personal and Commercial Card Transaction Values (CAD Billion), 2010-2019
      • Table Canada - Personal and Commercial Card Transaction Values (US$ Billion), 2010-2019
      • Table Canada - Number of Debit Cards in Circulation (Million), 2010-2019
      • Table Canada - Debit Card Transaction Volumes and Frequency by Channel, 2010-2019
      • Table Canada - Debit Card Total and Average Transaction Values by Channel, 2010-2019
      • Table Canada - Number of Debit Cards in Circulation by Scheme (Million), 2010-2014
      • Table Canada - Debit Card Transaction Values by Scheme (CAD Billion), 2010-2014
      • Table Canada - Debit Card Transaction Values by Scheme (US$ Billion), 2010-2014
      • Table Canada - Debit Card Transaction Values by Issuer (CAD Billion), 2010-2014
      • Table Canada - Debit Card Transaction Values by Issuer (US$ Billion), 2010-2014
      • Table Canada - Number of Credit Cards in Circulation (Million), 2010-2019
      • Table Canada - Credit Card Transaction Volumes and Frequency by Channel, 2010-2019
      • Table Canada - Credit Card Total and Average Transaction Values by Channel, 2010-2019
      • Table Canada - Number of Credit Cards in Circulation by Scheme (Million), 2010-2014
      • Table Canada - Credit Card Transaction Values by Scheme (CAD Billion), 2010-2014
      • Table Canada - Credit Card Transaction Values by Scheme (US$ Billion), 2010-2014
      • Table Canada - Credit Card Transaction Values by Issuer (CAD Billion), 2010-2014
      • Table Canada - Credit Card Transaction Values by Issuer (US$ Billion), 2010-2014
      • Table Canada - Credit Card Balances Outstanding by Issuer (CAD Billion), 2010-2014
      • Table Canada - Credit Card Balances Outstanding by Issuer (US$ Billion), 2010-2014
      • Table Canada - Number of Charge Cards in Circulation (Million), 2010-2019
      • Table Canada - Charge Card Transaction Volumes and Frequency by Channel, 2010-2019
      • Table Canada - Charge Card Total and Average Transaction Values by Channel, 2010-2019
      • Table Canada - Number of Charge Cards in Circulation by Scheme (Thousand), 2010-2014
      • Table Canada - Charge Card Transaction Values by Scheme (CAD Billion), 2010-2014
      • Table Canada - Charge Card Transaction Values by Scheme (US$ Billion), 2010-2014
      • Table Canada - Number of Commercial Cards in Circulation (Million), 2010-2019
      • Table Canada - Commercial Cards Transaction Value (CAD Billion), 2010-2019
      • Table Canada - Commercial Card Transaction Values (US$ Billion), 2010-2019
      • Table Canada - Card Fraud (CAD Million), 2010-2014
      • Table Canada - Card Fraud (US$ Million), 2010-2014
      • Table Canada - Number of Prepaid Cards in Circulation (Billion), 2010-2019
      • Table Canada - Prepaid Card Transaction Values (CAD Million), 2010-2019
      • Table Canada - Prepaid Card Transaction Values (US$ Million), 2010-2019
      • Table Canada - Merchant Acquirers' Transaction Volume by Card Type (Billion), 2010-2019
      • Table Canada - Merchant Acquirers' Total Transaction Value (CAD Billion), 2010-2019
      • Table Canada - Merchant Acquirers' Total Transaction Value (US$ Billion), 2010-2019
      • Table Canada - Merchant Acquirers' Transaction Value (CAD Billion), 2010-2014
      • Table Canada - Merchant Acquirers' Transaction Value (US$ Billion), 2010-2014
      • Table Canada - Retail Outlets and Merchant Accounts (Million), 2010-2019
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