News

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.

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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...