Canadian Consumer Payments Survey, 2020

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The COVID-19 pandemic has resulted in dramatic shifts in consumer spending and payment habits in Canada as a result of unprecedented measures taken to curb the spread of the virus. Canadian Consumer Payments Survey, 2020, a primary tracking research study conducted online among 2,000+ online adult Canadians, examines the attitudes, payments behaviour and preferences of Canadian consumers across all major payment modalities prior to, and in-response to the COVID-19 pandemic. It provides subscribers with the essential insights into consumer payments in Canada, critical to effective business planning and product development in this turbulent environment. 

Canadian Consumer Payments Survey, 2020 is the most comprehensive consumer payments survey in Canada, and includes an analysis of the awareness, current usage, and future usage intentions of both traditional and emerging payment instruments. In the 2020 survey we have also included a special section on COVID-19 and how this has impacted on consumer payment preferences. The 2020 survey addresses the following forms of consumer payments: 

A strategic resource for payment professionals, Canadian Consumer Payments Survey, 2020 is an essential companion to Canadian Payments Forecast, 2020.

Now in its seventh year of publication, this new report from Technology Strategies International Inc. will provide in-depth insights into consumer payment trends and dynamics in Canada.

About the report
Report Publication date: July 2020
Number of pages: 145 pages of analysis with 142 charts and 38 tables
Comprehensive set of data tables included with subscription (5 sets of banners)
Data tables available in June 2020

Companies mentioned in the report
This report mentions Aeroplan, AIR MILES, AliPay, Amazon, American Express, Apple, Bank of Montreal, CAA, Canadian Tire, Esso, Ethereum, Fitbit, Garmin, Google, HBC, Huawei, Indigo, Interac, LG, MasterCard, Metro, Motorola, PayPal, Petro-Canada, President's Choice, Royal Bank of Canada, Samsung, Scotiabank, Sobeys, Starbucks, Swatch, TD Bank, Uber, UnionPay, Visa, WeChat and Western Union.

Methodology:
Online research
Canadians aged 18 and over
Nationally balanced sample
Sample size, n=2,000+ 
Fieldwork to conducted in April 2020 

Contents of the Report

• The View from 30,000 ft
• Introduction
• Background and Objectives
• How did we do it? – Methodology
• Significance Testing
• Sample Profile
• Detailed Findings
• Payment Preferences
• The Impact of COVID-19 on Payments
  
• Bank Branch and ABM Visits
• Cash Withdrawals and Usage
• Cheque payments
• Visa and MasterCard Debit Ownership and Usage
• Credit Card Ownership
• Contactless Awareness and Usage
• Mobile Payments
• Online Purchases and Payments
• Wearable Payments
• Online Bill Payments
• Preauthorized Payments
• Prepaid Cards
• Gift Cards
• Loyalty Redemption Payments
• P2P Payments
• International Remittances
• Virtual Currencies

Download the CCPS 2020 table of contents, methodology and report sample. Note that this sample does not include the structure of the data tables included in the subscription. For more details please contact us at insights@tsiglobalnet.com or by phone at +1 416 628 0796.