Canadian payment card market report
The ‘Canadian Payment Card Market 2012’ report has been published by Research and Markets (view press release). According to the report, Canada is one of the largest and most rapidly evolving payment card markets worldwide. By the end of last year, nearly 80 million network-branded credit cards were circulating and the market is continuing to recorded further growth. Purchase transactions and purchase value on Canadian credit cards have shown steady growth. However, the industry does face challenges; the economy slowdown in Q1 of 2012 raised issues surrounding consumer spending growth.
The report provides an updated view of the market with an insight into the overall macro-economic growth and consumer payment behaviour. The report covers dynamics in the business ecosystem, market growth, major players, changes in the industry landscape, and major developments in the regulatory environment.
Highlights of the report include: the effects of the global economic recession on the Canadian economy, overall consumer confidence and spending levels, trends in Canadian card market growth and usage Updates to card circulation and a side-by-side view of statistics compared to the US, the behaviour of Canadian credit card users that has benefited issuers and a view of the current regulatory environment.
Whitepapers
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