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Payments Landscape in Canada Market Future Opportunities Analysis By Royal Bank of Canada, TD Canada Trust, Scotiabank, CIBC, Bank of Montreal, Canadian Tire Bank, National Bank of Canada Interac, Mastercard, Visa, American Express

05-24-2019 08:32 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: industryresearch.biz

Payments Landscape

Payments Landscape

"Payments Landscape in Canada: Opportunities and Risks to 2022", report provides detailed analysis of market trends in the Canadian cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cash, cards, credit transfers, direct debits, and cheques during the review-period (2014-18e).

Get Sample Copy of this Report@ https://www.industryresearch.biz/enquiry/request-sample/13773745

The report also analyzes various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, transaction values and volumes during the review-period and over the forecast-period (2018e-22f). It also offers information on the country's competitive landscape, including market shares of issuers and schemes.

The report brings together ’s research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers detailed regulatory policies and recent changes in regulatory structure.

This report provides top-level market analysis, information and insights into the Canadian cards and payments industry, including -
- Current and forecast values for each market in the Canadian cards and payments industry, including debit, credit, and charge cards.
- Detailed insights into payment instruments including cash, cards, credit transfers, direct debits, and cheques. It also, includes an overview of the country's key alternative payment instruments.
- E-commerce market analysis.
- Analysis of various market drivers and regulations governing the Canadian cards and payments industry.
- Detailed analysis of strategies adopted by banks and other institutions to market debit, credit, and charge cards.

Order a Copy of “Payments Landscape in Canada Market” Report 2019@ https://www.industryresearch.biz/purchase/13773745

Scope:
- As Interac charges no interchange fee for debit card transactions, interchange fees on pay-later cards naturally seem high in comparison. In August 2018 the Canadian government announced it had secured voluntary commitments from Visa, Mastercard, and American Express to reduce merchant fees in Canada for SMEs accepting credit cards. Starting from 2020, Visa and Mastercard have agreed to lower domestic consumer interchange fees to an annual average effective rate of 1.40% for five years, down from the current figure of 1.5%. American Express entered into a similar commitment. The change is expected to save SMEs a total of C$250m ($198.84m) annually.
- Non-banking companies have started entering the lucrative credit card space. In June 2018, non-bank company Brim Financial launched three credit cards: Brim Mastercard, Brim World Mastercard, and Brim World Elite Mastercard. Benefits offered include no fees on foreign transactions, loyalty points that can be redeemed at any merchant, and free access to a worldwide network of Wi-Fi hotspots. Purchases above C$500 ($397.67) can be converted into a maximum of 24 installments without affecting the credit limit available on the card.
- QR-based payments are popular in Asian markets, and they are gradually making inroads into North America. In June 2018 UnionPay International collaborated with Bank of China’s Canadian subsidiary to launch its QR code payment service in Canada. All of the country’s Foodymart stores now accept UnionPay QR code payments. The company estimated that nearly 5,000 merchants across North America would accept its QR code payments by the end of 2018.

Reasons to Buy:
- Make strategic business decisions, using top-level historic and forecast market data, related to the Canadian cards and payments industry and each market within it.
- Understand the key market trends and growth opportunities in the Canadian cards and payments industry.
- Assess the competitive dynamics in the Canadian cards and payments industry.
- Gain insights into marketing strategies used for various card types in Canada.
- Gain insights into key regulations governing the Canadian cards and payments industry.

Make an Inquiry before Purchase of this Report@ https://www.industryresearch.biz/enquiry/pre-order-enquiry/13773745

Key Players:
Desjardins
Royal Bank of Canada
TD Canada Trust
Scotiabank
CIBC
Bank of Montreal
Canadian Tire Bank
National Bank of Canada Interac
Mastercard
Visa
American Express

Key Points from TOC:
Market Overview
Executive Summary
Card-based Payments
Merchant Acquiring
E-commerce Payments
Mobile Proximity Payments
P2P Payments
Bill Payments
Alternative Payments
Payment Innovations
Payments Infrastructure & Regulation
Appendix

About Us:
Industry Research is the credible source for gaining the market reports that will provide you with the lead your business needs. At Industry Research, our objective is providing a platform for many top-notch market research firms worldwide to publish their research reports, as well as helping the decision makers in finding most suitable market research solutions under one roof. Our aim is to provide the best solution that matches the exact customer requirements. This drives us to provide you with custom or syndicated research reports

Contact Info:
Name: Mr. Ajay More
E-mail: sales@industryresearch.biz
Organization: Industry Research Biz
Phone: US +1424 253 0807 / UK +44 203 239 8187

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