Payment stream volume migration: target state volume projections

In partnership with the University of Toronto, Payments Canada has released its latest discussion paper, Payment stream volume migration: target state volume projections. This paper aims to estimate the directions of migration between streams within current and new payment systems under management by Payments Canada in order to assess the potential risks and required policy implementations. The paper represents the forecasts of migration as each system’s market share for the next five years, while also accounting for potential structural changes to the economy resulting from the global COVID-19 pandemic. The model developed within this paper is flexible and permits ongoing refinement of assumptions as new information becomes available.