All countries
Payment methods in Canada
Here are the top takeaways you need to know about the Canadian e-commerce market:
- Between 2023 and 2027, the value of the Canadian e-commerce market will increase from US$66 billion to US$98 billion.
- Canadians complete a third of all their online purchases using a mobile device, making mobile payment optimization a must.
- The average Canadian online shopper spends US$1,745 a year with e-commerce merchants, rising to US$2,500 by 2027.
- Canadians spend around US$13 billion a year with merchants based in other countries. Around a quarter of all e-commerce purchases come from outside Canada.
- In almost half of all e-commerce transactions, Canadians pay for with a digital payment method such as an e-wallet or bank-transfer app.
Population
Online Population
B2C E-commerce
Banked Population
Credit Card Population
E-commerce of Total Retail
Payment Method Breakdown
- Card 52%
- Cash 0%
- Bank Transfer 12%
- E-Wallet 27%
- Other 9%
[{"label":"Card","value":"52"},{"label":"Cash","value":"0"},{"label":"Bank Transfer","value":"12"},{"label":"E-Wallet","value":"27"},{"label":"Other","value":"9"}]
Popular payment methods
Zip
Buy Now, Pay Later
Consumer countries:
AustraliaCanadaCzech RepublicIndiaMexicoNew ZealandPhilippinesPolandSaudi ArabiaSouth AfricaUnited Arab EmiratesUnited States
,
Klarna
Bank transfer, Buy Now, Pay Later, Instalments
Consumer countries:
AustraliaAustriaBelgiumDenmarkFinlandGermanyNetherlandsNorwaySwedenSwitzerlandUnited KingdomUnited States
,
Paysafecard
Prepaid voucher
Consumer countries:
ArgentinaAustraliaAustriaBelgiumBulgariaCanadaCroatiaCyprusCzech RepublicDenmarkEgyptFinlandFranceGeorgiaGermanyGreeceHungaryIcelandIrelandItalyKuwaitLatviaLithuaniaLuxembourgMaltaMexicoMontenegroNetherlandsNew ZealandNorwayPeruPolandPortugalRomaniaSaudi ArabiaSerbiaSlovakiaSloveniaSpainSwedenSwitzerlandTurkeyUnited Arab EmiratesUnited KingdomUnited States
,
Card Scheme Breakdown
- Visa 58%
- Mastercard 38%
- American Express 4%
- Local schemes 0%
- Other 0%
[{"label":"Visa","value":"58"},{"label":"Mastercard","value":"38"},{"label":"American Express","value":"4"},{"label":"Local schemes","value":"0"},{"label":"Other","value":"0"}]
Cross-Border E-Commerce
63
Online shoppers who have shopped cross-border
22
Cross-border proportion of total e-commerce
13 bn
$US
Value of cross-border e-commerce
Top cross-border shopping origin markets