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

Published: May, 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