This situation has not occurred since 1997, according to the report published by Technology Strategies International. It is estimated that 6.047 billion consumer credit card payment transactions were conducted in 2018, compared with 6.042 billion debit payment transactions. This gap is expected to widen over the next few years.
Other key findings:
debit card and credit card transactions have each exceeded cash purchase transactions for the past few years;
online purchases make up about 7% of Canadian retail purchases;
the number of debit and credit card payment transactions accounted for more than 60% of all payment transactions on personal consumption expenditure in 2018;
the volume of contactless payment transactions grew by 33% in 2018, and accounted for more than 25% of the combined number of debit, credit, and cash consumer payment transactions;
mobile is expected to command the highest share of bill payments and transfers by 2020.
The Paypers is the Netherlands-based leading independent source of news and intelligence for professional in the global payment community.
The Paypers provides a wide range of news and analysis products aimed at keeping the ecommerce, fintech, and payment professionals informed about the latest developments in the industry.
Current themes
No part of this site can be reproduced without explicit permission of The Paypers (v2.7).
Privacy Policy / Cookie Statement
Copyright