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Total number of real-time (instant) payments in Canada in 2023, with a forecast for 2028

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Source

Release date

April 2024

Region

Canada

Survey time period

April 2024

Special properties

Based on number of transactions

Citation formats

Annual number of real-time payments in Canada in 2023, with a 2028 forecast

Published by ÌÇÐÄÆƽâ°æ Research Department, May 23, 2024

Real-time payments in Canada were predicted to grow by 2028, as instant payments made up roughly *** percent of overall payments in 2023. Approximately percent of the overall payments mix in the country - including both cash and cashless - is anticipated to be an instant payment by 2028. The source adds this equals a CAGR of *** percent between the five years under consideration. Canada has the domestic real-time payment scheme Interact e-Transfer since 2002, but adoption has been relatively small due to the high preference for cards - especially credit cards - in Canada.

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Statistics on " Digital payment types in Canada "

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Other statistics that may interest you Digital payment types in Canada

Market share

6

Penetration

8

Biggest brands

6

Users

6

Transaction value

8

Number of transactions (per user)

6

Miscellaneous

7

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Topics

Digital payments landscape in CanadaMobile payments with digital walletsE-commerce in the United StatesE-commerce in MexicoE-commerce in Canada
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