Consumers in Canada are looking for alternative payment options, as they seem to grow tired of cash payments. Contactless payments are doing quite well so far, and online payments are booming. But what is of real interest is how the usage of Bitcoin has doubled in 2015.
Similar to most countries around the world, Canadian consumers are flocking to cashless payment options. That being said, the usage of cash is starting to decline in the country, albeit it is not going at a fast pace. This does not come as a complete surprise, considering there are so many retailers where consumers are used to paying with cash, rather than cards or mobile solutions.
Canada Likes Contactless And Bitcoin Payments
A recent report, titled Canadian Payments Forecast – 2016, indicates the growth of contactless payments increased by as much as CAD 30 billion last year. Moreover, the report also mentions how there were over 1.2 billion contactless transactions in Canada alone in 2015.
It is well worth noting that individual merchants in Canada will not deal with contactless payment support just yet. Despite the growing demand by customers, these places have put up signs explaining they do not accept