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… Canadian small businesses truly desire to ditch cash and cheques in favour of new payment methods. From Payments …

… and values across all payment types, with the exception of cheques, experienced year-over-year growth in 2022. Credit … 59 per cent of total payment value in 2022, followed by cheques (28 per cent); credit cards (six per cent); debit … debits, direct deposits, bill payments, wire payments and cheques initiated and received by Canadians and Canadian …

… most business owners are willing to move away from cash and cheques – that is, once they have other options.”  Key … had other options 67% would be willing to move away from cheques, if they had other options 54% of businesses believe … debits, direct deposits, bill payments, wire payments and cheques. Payments Canada is a proud supporter of the …

… transaction value among cards. Online transfers surpassed cheques by volume for business payments for the first time. … For the first time ever, online transfer usage surpassed cheques based on volume for business payments. Cash … up eight per cent in volume and 40 per cent in value.  Cheques have declined by -35 per cent in volume and -20 per …

… 7:1. 5 The Receiver General of Canada issued 10.4 million cheques and 78.4 million direct deposit payments related to … by 55 per cent. Much of this growth came at the expense of cheques and EFT. 24 Usage of online transfers continued to … Canadians in paying both people and businesses, overtaking cheques beginning in 2018. In 2019, online transfers …

… providing a quick and easy substitute for cash or cheques. Our survey data show that almost half of our sample … as well where 34 per cent of people from Quebec who use cheques to pay for rent (this is the province with the … rent may be the primary reason why people are still using cheques. Who is driving heavy cash usage in Canada? Fifteen …