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… report , which analyzes 20 billion payment transactions made in 2020, totalling $9.4 trillion, and discusses trends … a year of accelerated digital adoption fuelled by the pandemic,” said Cyrielle Chiron, Chief Strategy Officer, Payments Canada. “While overall spending decreased due to concerns about the economy and personal …

… Credit card use grew 30 per cent while cash use declined 41 per cent over last five years, Payments Canada … reveals. Key study highlights: While total payment volume declined two per cent compared to five years ago, total … 33 per cent of payment volume in 2022, followed by debit cards (31 per cent); electronic funds transfer (15 per …

… Payment industry is focused on delivering final pillar of the RTR through ecosystem … control over their finances by allowing payments to be made in seconds not days and providing greater confidence that payments have been finalized. It will also …

… the interests and views of the author(s), and are not intended as an official Payments Canada statement or position. … to pay (and be paid) for goods and services. From cash and debit card, to cheque and credit card, to electronic funds … to initiate payment -- including directly from the mobile device in our hand! This should come as no surprise; think …

… Canada is making great progress on its payments modernization program, including implementing a new credit risk model for the country’s retail payment system and enhancements … Funds Transfer . Today Payments Canada published the Modernization Delivery Roadmap 2018 Update , a follow up to …

… This latest case study details how a professional service provider is fast-tracking its payment capabilities through an … is helping prepare the organization for payments modernization, including ISO 20022 - a global messaging …

… Credit card use exceeds debit for first time with 16 per cent YOY growth; Cash use … 2020 report analysed the 22 billion payment transactions made in 2019, totalling CA$9.9 trillion in value. The study … the Canadian payments landscape. “We continue to see a widespread shift away from paper-based payments, cheques and …

… and Support, and LoAn Le-Nguyen , Program Lead, Payments Modernization, share what they’re doing to support the … ISO 20022 for several years now, we were all learning the details and specificities of the message format at the same … our planning had to start early. The architecture decisions and foundational design occurred while …

… latest changes (Release 2.1) published by CBPR+ (Cross Border Payments and Reporting), the group that defines how ISO 20022 should be used for cross-border payments. Alignment with CBPR+ is essential to ensure …