The Canadian payments landscape has experienced unprecedented turbulence over the past four years, primarily due to the pandemic, the wars in Ukraine and the Middle East, supply chain challenges, high inflation, and rising interest rates.

While inflation is now under control and interest rates are on a downward trajectory, the deteriorating relationship with the US and the threat of a protracted trade war have added to the tumult and could have a substantial negative impact on the Canadian economy. These developments on the political and economic fronts will continue to impact consumer spending patterns, one of the key drivers of the payments industry in Canada.

Canadian Payments Forecast, 2025 provides detailed insights into how these developments affecting the Canadian economy are likely to play out in terms of consumer spending and payment choices. The report also examines how new technologies, business models, and fintechs will play a crucial role in shaping this future.

Drawing on survey research from more than 2,000 Canadian consumers, Canadian Payments Forecast, 2025 is a critical strategic resource for payment professionals, providing essential in-depth insights and forecasts across all consumer payment modalities to facilitate effective strategic planning and product development in the wake of the pandemic and the likely impact of geopolitical conflict.

Canadian Payments Forecast, 2025 provides an in-depth analysis of each of the major consumer payment segments in the Canadian market. Detailed five-year forecasts are presented on consumer payments and related acceptance infrastructure.