Search

… The last time we sat down with Peter Dodic, our Chief Risk Officer at Payments Canada, it was to talk about  the foundational role … and ensure we are prepared for the risks that may arise down the road. How does Payments Canada identify and …

… to the same extent as pre-COVID once the pandemic recedes, 31 per cent of Canadians expect to use cash payments more … shopping at places that do not accept contactless payments, down from 42 per cent in week five. 50 per cent of Canadians … represented around 77 per cent of all transactions in 2019. The reality is that Canadian consumers and businesses …

… on Innovating Canada on March 27, 2024.   The COVID-19 pandemic accelerated the shift towards digital payments in Canada and there’s no sign of it slowing down. Since the onset of the pandemic, many aspects of our … six months. Further challenges include additional fees (31%), processing delays (21%) and managing cash flow (21%). …

… since the onset of COVID-19 continues, reveals new Payments Canada study 85% of Canadians believe they will be … they have to touch a debit or credit card payment machine, down slightly from 37% six months prior. 38% are using … to, on par with six months prior at 67%. While spending is down overall, Canadians continue to favour cards and …

… From searching for hotel availability on a third-party travel site to booking a restaurant table through an … keying in details, pulling reports and now this is down to zero. VH: Zero. It's very rare we do any manual … now. Sylvain Moreau (SM): Plus, errors used to slow down that work. And since we already had automated reporting …

… At the beginning of February, Payments Canada hosted the first The SUMMIT Series webinar … colleagues from Swift, TD Bank and KOHO about the future of payments in this session.  We had an insightful conversation … with innovation. It was clear that nothing is slowing down in the world of payments in 2023! A prominent theme …

… used cash in 2023. Key five-year payment method trends (2019-2023): Online transfers experienced significant growth. … volume and -20 per cent in value of transactions. Cash was down -20 per cent in volume and four per cent in value of … in a given month in 2023 was $1,125 compared to $1,231 sent to businesses internationally. Extra/hidden fees (26 …