Trends for Three Major Mobile Wallets in Canada:
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Data for today’s episode is provided by Mercator Advisory Group’s Report: 2022 North American PaymentsInsights, Canada: The Rise of Digital Payments Emerging from COVID
Trends for Three Major Mobile Wallets in Canada:
- 47% of Canadian consumers used Apple Pay to make an in-store purchase.
- 39% of Canadian consumers used Apple Pay to make an online purchase.
- 31% of Canadian consumers used Google Pay to make an in-store purchase.
- 43% of Canadian consumers used Google Pay to make an online purchase.
- 19% of Canadian consumers used Samsung Pay to make an in-store purchase.
- 27% of Canadian consumers used Samsung Pay to make an online purchase.
About Report
Mercator Advisory Group’s most recent report, 2022 North American PaymentsInsights, Canada: The Rise of Digital Payments Emerging from COVID, analyzes the impact of COVID within Canada on consumer payment preferences. The report reveals generational differences in the use of a range of payment forms including cash, cheques, cards, and digital payments.
The report is based on the North American PaymentsInsights survey, administered in 2021 to a nationally representative sample of 1,002 Canadian consumers, ages 18 years or older.
“Payment technology is creating rapid shifts in consumer payment preferences, with COVID acting as a direct change agent, resulting in declines in use of paper payments via cash or cheques. At the same time, we are seeing emerging technologies such as peer-to-peer payments making a large impact on the consumer payment market,” says Amy Dunckelmann, VP, Research Operations at Mercator Advisory Group.
