Trends for Three Major Mobile Wallets in Canada:

Trends for Three Major Mobile Wallets in Canada:

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Data for today’s episode is provided by Mercator Advisory Group’s Report: 2022 North American PaymentsInsights, Canada: The Rise of Digital Payments Emerging from COVID

Trends for Three Major Mobile Wallets in Canada:

  • 47% of Canadian consumers used Apple Pay to make an in-store purchase.
  • 39% of Canadian consumers used Apple Pay to make an online purchase.
  • 31% of Canadian consumers used Google Pay to make an in-store purchase.
  • 43% of Canadian consumers used Google Pay to make an online purchase.
  • 19% of Canadian consumers used Samsung Pay to make an in-store purchase.
  • 27% of Canadian consumers used Samsung Pay to make an online purchase.

About Report

Mercator Advisory Group’s most recent report, 2022 North American PaymentsInsights, Canada: The Rise of Digital Payments Emerging from COVID, analyzes the impact of COVID within Canada on consumer payment preferences. The report reveals generational differences in the use of a range of payment forms including cash, cheques, cards, and digital payments.

The report is based on the North American PaymentsInsights survey, administered in 2021 to a nationally representative sample of 1,002 Canadian consumers, ages 18 years or older.

“Payment technology is creating rapid shifts in consumer payment preferences, with COVID acting as a direct change agent, resulting in declines in use of paper payments via cash or cheques. At the same time, we are seeing emerging technologies such as peer-to-peer payments making a large impact on the consumer payment market,” says Amy Dunckelmann, VP, Research Operations at Mercator Advisory Group.

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