Insights

Credit Cards’ Silent War of Attrition on Debit

Credit Cards’ Silent War of Attrition on Debit
The number of credit card transactions in Canada exceeded the number of debit purchase transactions by 5 million transactions in 2018. Debit card purchase transactions have dominated, by volume, since 1998 – until now. The difference in transaction volumes was only 0.1% in 2018, a miniscule difference, so why is this significant?

Consumer Debit Card Transactions Exceed Cash

Consumer Debit Card Transactions Exceed Cash
– Cash's share of personal expenditure transactions dips below 30% – The number of consumer debit card payment transactions in Canada exceeded the ...