Consumer Behavior
Pandemic spurring payment behavior changes in Canada, reveals study
September 25, 2020
Moible wallets, apps and contactless payments are grabbing deeper traction among Canadian consumers, according to a daVinci Payments study, conducted in partnership with the Canadian Prepaid Providers Organization on how Canadians make and receive payments.
The "Future of Payments Canada" study, conducted August 6-7, 2020, pinpoints how shelter-in-place has affected payment habits and the impact those changes will have on the 2020 holiday shopping season and beyond, according to a press release.
"The spike in online shopping and mobile payments driven by COVID-19 is occurring across all ages," David Josephs, daVinci Payments CEO, said in the release. "Traditional payment methods like credit, debit and prepaid cards are as popular as ever, but swiping physical cards themselves is giving way to new form factors like mobile wallets, apps and contactless payments."
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