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0.00586873294972605 0.000275096857018419 -0.00171935535636505 0.00448178629559154 0.00339286123656028 0.00561656083079248 0.00569679741408944 0.00928451892437118
Stock impact report

Canada card payments market to grow by 7.7% in 2024, forecasts GlobalData [Yahoo! Finance]

Mastercard Incorporated (MA) 
Last mastercard incorporated earnings: 4/29 08:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
GlobalData's Payment Cards Analytics reveals that card payment value in Canada registered a growth of 14.4% in 2022, driven by a rise in consumer spending. However, the value registered a slightly slower growth of 10.4% in 2023 to reach CAD1.1 trn ($847.8bn), on account of slowdown in economy. Yasaswini Pujitha, Banking and Payments Analyst at GlobalData, commented: “The Canadian payment card market is mature with high level of card adoption, developed payment infrastructure and boarder merchant acceptance. With a nearly 100% of banking population and a well-established framework for accepting multiple payment methods, making it one of the most advanced card markets both regionally and globally. “The reduction of merchant interchange fees by the government, coupled with banks offering value-added services such as discounts and rewards on card payments, has further decreased consumers' dependence on cash. The rising preference for contactless payments and growth in e-Commerce are Show less Read more
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