Mar 21, 2020   SOURCE: BusinessWire

2020 Insights into the Canadian Credit Card Market - Industry Shaping Trends - ResearchAndMarkets.com

The "The Canadian Credit Card Market" report has been added to ResearchAndMarkets.com's offering.

This research showcases the publisher's recent extension of its surveys beyond the U.S. market as well as the global payments database. The report draws from survey data in the Canadian edition of the North American Payments Insights, a powerful research asset, which recently expanded into Europe. Readers will also get a glimpse at the global payments database, which provides analytics for more than 100 countries.

The Canadian Credit Cards Market ties together recent consumer surveys in Canada in the North American Payments Insights series and draws from the publishers' global payments database to provide a view of the future of Canadian payments.

Readers will see that the Canadian card industry has unique features distinct from U.S. payments. The research report describes six industry-shaping trends that fit the market well and provide a strong foundation for the future.

Highlights of the research report include:

  • Number of cards in circulation and number of active accounts in Canada
  • Canadian credit card transaction volume
  • Canadian consumers' credit preferences by age cohort
  • Requirements of the Code of Conduct for the Credit and Debit Card Industry in Canada
  • A discussion of the uneven success of U.S. card issuers in Canada
  • Canada's strategies for voluntary reduction of interchange
  • Ontario's push to increase minimum-due payments.

Key Topics Covered:

  1. Executive Summary
  2. Payment Card Markets in Canada and the U.S.: The Same but Different
  3. Debit and Credit Cards in Canada and the U.S.: Different Launchpoints, Different Worlds
  4. Credit Card Transaction Volume
  5. Consumer Usage Trends
  6. Six Industry Trends Shaping the Future of Canadian Payments
  7. Code of Conduct Protects Merchants
  8. Non-Canadian Issuers Are Welcome, but Entrance Will Not Be Easy
  9. Reducing Interchange, Gracefully
  10. Ontario Takes a Stand to Reduce Card Debt. Will Other Provinces Follow?
  11. Nontraditional Credit Card Issuers Bring Competition and Innovation
  12. The Canadian Market Has Been Quick to Embrace Technology
  13. Conclusions
  14. References
  15. Related Research
  16. Endnotes

Companies Mentioned

  • Alberta Treasury Branches
  • Bank of Montreal
  • Caisses Populaires Desjardins
  • Canadian Imperial Bank of Commerce (CIBC)
  • Canadian Tire Bank
  • Capital One
  • Chase Cards Canada
  • Citizens Bank
  • Credit Union Electronic Transaction Services
  • Home Trust
  • Interac
  • Laurentian Bank
  • Mastercard
  • MBNA Canada
  • National Bank of Canada
  • President's Choice Financial
  • Royal Bank of Canada
  • Scotiabank
  • Toronto Dominion Bank (TD)
  • Vancouver City Savings Credit Union
  • Visa

For more information about this report visit https://www.researchandmarkets.com/r/6wzbbt