Most used in-store (POS) payment methods in Canada 2017-2023, with 2027 forecast
a relatively high credit card penetration. The share of cash, on the other hand, continued to decline whilst both wallets as well as retailer/bank financing took their place.
Canada's POS payment behavior did not change much since COVID-19, although wallets did become more popular in 2021. Credit cards remained the most used payment method in Canada, both before and after COVID-19, accounting for roughly half of POS sales. Indeed, the country boasts