News

The Secure Payments Academy, TSI and VCS Technologies Partner to Provide International Payments Training Programs

(New York and Toronto, April 25, 2023) – The Secure Payments Academy (SPA), a leader in providing training for advanced payments technologies, Technology Strategies International Inc. (TSI), Canada’s leading payment industry analysis and advisory company, and VCS Technologies Inc., a specialized payments consultancy, today announced a partnership that will provide payment professionals with the skills and training needed to innovate and implement effective business-oriented solutions in the rapidly changing payments environment.

Read more...

Open Banking Expo

June 15, 2023 | MTCC, Toronto

2023 will be a pivotal year for Open Banking in Canada, following the delivery of the Final Report of the Advisory Committee. Join us in June to unpick these crucial questions and more as we truly move the dial in anticipation of the roadmap announcement.

Read more...

Canadian Consumer Payments Recover in 2021

– Pandemic gives rise to permanent shifts in consumer payment behaviour –

(September 22, 2021) The number of consumer payments in Canada is expected to increase by 770 million transactions in 2021 after falling by 1.68 billion in 2020, according to the recently released Canadian Payments Forecast, 2021, published by Technology Strategies International Inc. The projected uptake in consumer payment transactions is a direct consequence of the increase in economic activity after the stringent measures taken to contain COVID-19 in 2020.

Read more...

Canadian Payments Succumb to COVID-19

– New opportunities emerge through the turmoil of the pandemic –

(September 17, 2020) — The number of consumer payment transactions in Canada is expected to be 1.7 billion transactions lower than in 2019, a decline of 8.1% over the year, according to the recently released Canadian Payments Forecast, 2020, published by Technology Strategies International Inc. The predicted decline in consumer payment transactions is a direct consequence of the decline in personal expenditure due to the impact of the COVID-19 pandemic.

Read more...

 Tokenisation: A High Stakes Game for Stakeholders

– Payment Networks Using Tokenisation to Extend their Reach and Control –

(Oakville, Ontario – November 5, 2019) — Tokenisation has become an important component of enabling secure payments in Canada, and the payment networks are using tokenisation to extend their reach and control over the payments ecosystem, according to a new in-depth analysis by Technology Strategies International Inc. (TSI). The report, titled Retail Payments Tokenisation in Canada – The Paths to Success for Canadian Payments Stakeholders, highlights the dominant roles currently being played by established payment networks, namely, Visa, MasterCard and to a lesser extent, Interac, and suggests that issuers, processors and merchants should look carefully at the impact that this will to have on their business since there are significant implications in terms of operations, marketing and compliance.

Read more...

Credit Cards Oust Debit in Canada

– Credit Card Transactions Exceed Debit Transactions in 2018 –

(Oakville, Ontario – October 1, 2019) — The number of credit card transactions in Canada has exceeded the number of debit purchase transactions for the first time since 1997, according to the recently released Canadian Payments Forecast, 2019, published by Technology Strategies International Inc. The report estimates that 6.047 billion consumer credit card payment transactions were conducted in 2018, compared with 6.042 billion debit payment transactions. The gap between credit card transactions and debit card transactions is expected to widen over the next few years.

Read more...

Cash Gives Way to Credit Cards

– Credit Card Transactions to Exceed Cash Transactions in 2018 –

(Oakville, Ontario – October 3, 2018) — The number of consumer credit card payment transactions in Canada is expected to exceed the number of cash payment transactions for the first time by the end of 2018, according to a new study published by Technology Strategies International Inc. The report titled, Canadian Payments Forecast, 2018, forecasts that the number of consumer credit card payment transactions that will be conducted in 2018 will be 5.5 billion, compared with 5.2 billion cash payment transactions. Debit card transactions surpassed cash transactions in 2016.

Read more...

Mobile Payments Make Inroads in Canada 
– Remote payments dominate mobile payments landscape

(Oakville, Ontario – October 3, 2018) — Almost six out of ten Canadian smart phone owners have made a mobile payment, either in-store or remotely, in the past year, according to a new study published by Technology Strategies International Inc. The report titled, Canadian Payments Forecast, 2018, predicts that the total number of consumer mobile payment transactions is expected to grow by 27% p.a. (CAGR) over the next five years.

Read more... 

Debit Trumps Cash in Canada 

– Cash's share of personal expenditure transactions dips below 30% 

(Oakville, Ontario – October 31, 2017) — The number of consumer debit card payment transactions in Canada exceeded the number of cash payment transactions for the first time in 2016, according to a new study published by Technology Strategies International Inc. The report titled, Canadian Payments Forecast, 2017, estimates that the number of consumer debit card payment transactions conducted in 2016 was 5.43 billion, compared with 5.37 billion cash payment transactions. Read more...

Mobile Payments Struggle to Gain Traction in Canada 

– Mobile payments at Starbucks dominates mobile payments in Canada

((Oakville, Ontario – November 14, 2017) — One in six adult Canadian smart phone owners have made an in-store payment using their mobile phones in the past six months, according to a new survey published by Technology Strategies International Inc. The majority of in-store mobile payments are made at coffee shops, the study finds, with the Starbucks mobile payment app installed on 11.2% of smart phones, compared with 6.6% for Apple Pay and 2.6% of Android Pay.   Read more...

 

 

Back to the top