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The Cards and Payments Industry in Canada: Emerging Trends and Opportunities to 2019

Published: May 31, 2015 | Pages: 79 | Publisher: Timetric | Industry: Financial Services | Report Format: Electronic (PDF)

Synopsis
Timetric's 'The Cards and Payments Industry in Canada: Emerging Trends and Opportunities to 2019' report provides detailed analysis of market trends in Canada's cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including check payments, credit transfers, direct debits, payment cards and cash transactions during the review period (2010-2014). The report also analyzes various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, and transaction values and volumes during the review period and over the forecast period (2015-2019). It also offers information on the country's competitive landscape, including market shares of issuers and schemes. The report brings together Timetric'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, recent changes in regulatory structure, card fraud statistics, and profiles of card issuers operating in the country.
Summary
Timetric's 'The Cards and Payments Industry in Canada: Emerging Trends and Opportunities to 2019' report provides top-level market analysis, information and insights into Canada's cards and payments industry, including: Current and forecast values for each market in Canada's cards and payments industry, including debit cards, credit and charge cards. It also includes detailed analysis of the prepaid cards market. Detailed insights into payment instruments including check payments, credit transfers, direct debits, payment cards and cash transactions. It also, includes an overview of the country's key alternative payment instruments. Analysis of various market drivers and regulations governing Canada's cards and payments industry. Detailed analysis of strategies adopted by banks and other institutions to market debit, credit and charge cards. Comprehensive analysis of consumer attitudes and buying preferences for cards. The competitive landscape of Canada's cards and payments industry.
Scope
This report provides a comprehensive analysis of Canada's cards and payments industry. It provides current values for Canada's cards and payments industry for 2014, and forecast figures to 2019. It details the different economic, infrastructural and business drivers affecting Canada's cards and payments industry. It outlines the current regulatory framework in the industry. It details marketing strategies used by various banks and other institutions. It profiles major banks in Canada's cards and payments industry.
Reasons To Buy
Make strategic business decisions, using top-level historic and forecast market data, related to Canada's cards and payments industry and each market within it. Understand the key market trends and growth opportunities in Canada's cards and payments industry. Assess the competitive dynamics in Canada's cards and payments industry. Gain insights into marketing strategies used for various card types in Canada. Gain insights into key regulations governing Canada's cards and payments industry.
Key Highlights
Canada is poised for progress on technological fronts such as m-payments. Its approach has been to make m-payments capability ubiquitous, recognizing that consumers will benefit. Already pressing ahead with the adoption of EMV technology, and with the growing presence of contactless payments, key infrastructure is already in place. In this context, m-payments will form a natural extension of the established infrastructure, offering speed, security and convenience to consumers. With the anticipated launch of Apple Pay in November 2015, it is likely that innovation and competition will be encouraged in the Canadian cards and payments industry. Changes are anticipated in the credit cards market over the forecast period (2014-2019), due to government intervention to regulate the market. The intervention aims to reduce the cost of credit card acceptance for merchants, to keep prices affordable for consumers. In November 2014, Visa and MasterCard agreed to reduce the interchange fee on credit card purchases, and limit the amount charged retailers to process transactions to 1.5% of the transaction value. The new rate will apply from April 30, 2015, and will remain unchanged for five years.
 Table of Contents
1 Definitions and Methodology 1.1 Definitions 1.2 Methodology 2 Key Facts and Events 3 Executive Summary 4 Payment Instruments 4.1 Current Payment Environment 4.2 Alternative Payment Instruments 4.2.1 Mobile payments 4.2.2 PayPal 4.2.3 Interac Online 4.2.4 Zoompass 4.2.5 Ugo wallet 4.2.6 Suretap wallet 4.2.7 LoopWallet 4.2.8 Safetypay 4.2.9 Apple Pay 5 Regulations in the Cards and Payments Industry 5.1 Regulatory Framework 5.1.1 Regulations pertaining to cards 5.2 Anti-Money Laundering (AML) 5.3 Foreign Direct Investment (FDI) Regulations 6 Analysis of Cards and Payments Industry Drivers 6.1 Demographic Drivers 6.2 Economic Drivers 6.3 Infrastructure Drivers 6.4 Business Drivers 7 Market Segmentation and New Product Launches 7.1 Market Segmentation and Targeting 7.1.1 Consumer cards 7.1.2 Commercial cards 7.2 New Product Launches 8 Payment Cards 8.1 Payment Cards Analysis 8.1.1 Volume and value of payment card transactions by type 8.1.2 Personal vs commercial cards 9 Debit Cards 9.1 Debit Cards Market Analysis 9.1.1 Debit card transaction volumes and values by channel 9.1.2 Debit card scheme shares in terms of the volume and value 9.1.3 Debit cards issuers' market shares 9.1.4 Debit cards comparison 10 Credit Cards 10.1 Credit Cards Market Analysis 10.1.1 Credit card transaction volumes and values by channel 10.1.2 Credit card scheme shares in terms of number of cards in circulation and transaction value 10.1.3 Credit cards issuers' market shares 10.1.4 Credit cards comparison 11 Charge Cards 11.1 Charge Cards Market Analysis 11.1.1 Charge card transaction volumes and values by channel 11.1.2 Charge card scheme shares in terms of number of cards in circulation and transaction value 11.1.3 Charge cards comparison 12 Commercial Cards 12.1 Commercial Cards Market Analysis 12.1.1 Commercial cards comparison 13 Card Fraud Statistics 13.1 Card Fraud Analysis 14 Card Issuers 14.1 Royal Bank of Canada 14.2 TD Canada Trust 14.3 CIBC 14.4 Bank of Montreal 14.5 Scotiabank 14.6 American Express 15 Prepaid Cards 15.1 Prepaid Cards Market Analysis 15.1.1 Prepaid cards comparison 16 Merchant Acquiring 16.1 Merchant Acquiring Market Analysis 17 Appendix 17.1 Tables 17.2 Contact Timetric 17.3 About Timetric 17.4 Timetric's Services 17.5 Disclaimer
List of Tables
Table 1: Key Definitions Table 2: Annual Average Exchange Rate Table 3: Canada - Key Facts, 2014 Table 4: Regional Benchmarking of Canadian Payment Cards, 2014 Table 5: Canada - Mode of Entry of Foreign Banks Table 6: Cards for High-Income Consumers, 2015 Table 7: Cards for Travelers, 2015 Table 8: Cards for Students and the Young Population, 2015 Table 9: Cashback Credit Cards, 2015 Table 10: Shopping Reward Point Credit Cards, 2015 Table 11: Commercial Cards Comparison and Key Features, 2015 Table 12: Canada - New Product Launches Table 13: Canada - Pay Now, Average Interchange Fees: Intra-Network Transactions (%), 2010-2014 Table 14: Canada - Pay Now, Average Merchant Service Charge: Domestic Transactions (%), 2010-2019 Table 15: Canada - Debit Cards Comparison and Key Features, 2015 Table 16: Canada - Pay Later, Average Interchange Fees: Intra-Network Transactions (%), 2010-2014 Table 17: Canada - Pay Later, Average Merchant Service Charge: Domestic Transactions (%), 2010-2019 Table 18: Canada - Gold Credit Cards Comparison and Key Features, 2014 Table 19: Canada - Premium Credit Cards Comparison and Key Features, 2015 Table 20: Canada - Charge Cards Comparison and Key Features, 2015 Table 21: Canada - Commercial Cards Comparison and Key Features, 2015 Table 22: Canada - Prepaid Cards Comparison and Key Features, 2015 Table 23: Canada - Payment Instrument Transaction Values (CAD Billion), 2010-2014 Table 24: Canada - Payment Instrument Transaction Values (US$ Billion), 2010-2014 Table 25: Canada - Payment Instrument Transaction Volumes (Million), 2010-2014 Table 26: Canada - Number of Payment Cards in Circulation by Type (Million), 2010-2019 Table 27: Canada - Volume of Payment Card Transactions by Type (Million), 2010-2019 Table 28: Canada - Value of Payment Card Transactions by Type (CAD Billion), 2010-2019 Table 29: Canada - Value of Payment Card Transactions by Type (US$ Billion), 2010-2019 Table 30: Canada - Personal and Commercial Card Transaction Volumes ( Million), 2010-2019 Table 31: Canada - Personal and Commercial Card Transaction Values (CAD Billion), 2010-2019 Table 32: Canada - Personal and Commercial Card Transaction Values (US$ Billion), 2010-2019 Table 33: Canada - Number of Debit Cards in Circulation (Million), 2010-2019 Table 34: Canada - Debit Card Transaction Volumes and Frequency by Channel, 2010-2019 Table 35: Canada - Debit Card Total and Average Transaction Values by Channel, 2010-2019 Table 36: Canada - Debit Card Total and Average Transaction Values by Channel, 2010-2019 Table 37: Canada - Number of Debit Cards in Circulation by Scheme (Million), 2010-2014 Table 38: Canada - Debit Card Transaction Values by Scheme (CAD Billion), 2010-2014 Table 39: Canada - Debit Card Transaction Values by Scheme (US$ Billion), 2010-2014 Table 40: Canada - Debit Card Transaction Values by Issuer (CAD Billion), 2010-2014 Table 41: Canada - Debit Card Transaction Values by Issuer (US$ Billion), 2010-2014 Table 42: Canada - Number of Credit Cards in Circulation (Million), 2010-2019 Table 43: Canada - Credit Card Transaction Volumes and Frequency by Channel, 2010-2019 Table 44: Canada - Credit Card Total and Average Transaction Values by Channel, 2010-2019 Table 45: Canada - Credit Card Total and Average Transaction Values by Channel, 2010-2019 Table 46: Canada - Number of Credit Cards in Circulation by Scheme (Million), 2010-2014 Table 47: Canada - Credit Card Transaction Values by Scheme (CAD Billion), 2010-2014 Table 48: Canada - Credit Card Transaction Values by Scheme (US$ Billion), 2010-2014 Table 49: Canada - Credit Card Transaction Values by Issuer (CAD Billion), 2010-2014 Table 50: Canada - Credit Card Transaction Values by Issuer (US$ Billion), 2010-2014 Table 51: Canada - Credit Card Balances Outstanding by Issuer (CAD Billion), 2010-2014 Table 52: Canada - Credit Card Balances Outstanding by Issuer (US$ Billion), 2010-2014 Table 53: Canada - Number of Charge Cards in Circulation (Million), 2010-2019 Table 54: Canada - Charge Card Transaction Volumes and Frequency by Channel, 2010-2019 Table 55: Canada - Charge Card Total and Average Transaction Values by Channel, 2010-2019 Table 56: Canada - Charge Card Total and Average Transaction Values by Channel, 2010-2019 Table 57: Canada - Number of Charge Cards in Circulation by Scheme (Thousand), 2010-2014 Table 58: Canada - Charge Card Transaction Values by Scheme (CAD Billion), 2010-2014 Table 59: Canada - Charge Card Transaction Values by Scheme (US$ Billion), 2010-2014 Table 60: Canada - Number of Commercial Cards in Circulation (Million), 2010-2019 Table 61: Canada - Commercial Cards Transaction Value (CAD Billion), 2010-2019 Table 62: Canada - Commercial Card Transaction Values (US$ Billion), 2010-2019 Table 63: Canada - Card Fraud (CAD Million), 2010-2014 Table 64: Canada - Card Fraud (US$ Million), 2010-2014 Table 65: Canada - Number of Prepaid Cards in Circulation (Billion), 2010-2019 Table 66: Canada - Prepaid Card Transaction Values (CAD Million), 2010-2019 Table 67: Canada - Prepaid Card Transaction Values (US$ Million), 2010-2019 Table 68: Canada - Merchant Acquirers' Transaction Volume by Card Type (Billion), 2010-2019 Table 69: Canada - Merchant Acquirers' Total Transaction Value (CAD Billion), 2010-2019 Table 70: Canada - Merchant Acquirers' Total Transaction Value (US$ Billion), 2010-2019 Table 71: Canada - Merchant Acquirers' Transaction Value (CAD Billion), 2010-2014 Table 72: Canada - Merchant Acquirers' Transaction Value (US$ Billion), 2010-2014 Table 73: Canada - Retail Outlets and Merchant Accounts (Million), 2010-2019


List of Figures
Figure 1: Canada - Payment Instrument Shares by Transaction Value (%), 2010 and 2014 Figure 2: Canada - Payment Instrument Shares by Transaction Volume (%), 2010 and 2014 Figure 3: Canada - Total Population and Structure, 2014 Figure 4: Canada - Internet and Mobile Penetration (Users per 100 Inhabitants), 2010-2019 Figure 5: Canada - Economic Indicators, 2010-2019 Figure 6: Canada - Number of ATMs, POS Terminals and Commercial Bank Branches, 2015 Figure 7: Canada - Household Final Consumption Expenditure and Retail Sales, 2010-2014 Figure 8: Canada - E-Commerce Value (US$ Billion), 2010-2019 Figure 9: Canada - Outbound and Inbound Trips Volume and Spending, 2010-2019 Figure 10: Canada - Cards and Payments Industry Segmentation by Card Type, 2015 Figure 11: Canada - Growth in Payment Cards Transaction Value and Number of Cards in Circulation by Type, 2010-2019 Figure 12: Canada - Volume and Value of Payment Card Transactions by Type (%), 2010-2019 Figure 13: Canada - Personal and Commercial Cards, Transaction Volume and Value (%), 2010-2019 Figure 14: Canada - Growth in Debit Cards Transaction Value and Number of Debit Cards in Circulation, 2010-2019 Figure 15: Canada - Debit Card Transaction Volumes and Values by Channel, 2010-2019 Figure 16: Canada - Debit Cards Issuers' Market Shares in Terms of Transaction Value (%), 2014 Figure 17: Canada - Growth in Credit Card Transaction Values and Number of Credit Cards in Circulation, 2010-2019 Figure 18: Canada - Credit Card Transaction Volumes and Values by Channel, 2010-2019 Figure 19: Canada - Credit Card Scheme Shares in Terms of Number of Cards in Circulation and Transaction Value (%), 2014 Figure 20: Canada - Credit Cards Issuers' Market Share in Terms of Transaction Value (%), 2014 Figure 21: Canada - Credit Cards Issuers' Market Share in Terms of Outstanding Balance (%), 2014 Figure 22: Canada - Growth in Charge Cards Transaction Value and Number of Credit Cards in Circulation, 2010-2019 Figure 23: Canada - Charge Card Transaction Volumes and Values by Channel, 2010-2019 Figure 24: Canada - Charge Card Scheme Shares in Terms of Number of Cards in Circulation and Transaction Value (%), 2014 Figure 25: Canada - Number of Commercial Cards in Circulation and Transaction Value, 2010-2019 Figure 26: Canada - Shares of Various Types of Card Fraud in Terms of Transaction Value (%), 2010 and 2014 Figure 27: Canada - Number of Prepaid Cards in Circulation and Transaction Value, 2010-2019 Figure 28: Canada - Merchant Acquiring Transaction Volume and Value, 2010-2019 Figure 29: Canada - Merchant Acquirers' Market Shares in Terms of Transaction Value (%), 2014 Figure 30: Canada - Number of Retail Outlets and Total Merchant Accounts (Thousand), 2010-2019

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