The world’s largest country by landmass, Canada is the global leader in cross-border e-commerce for retail, with purchases from overseas websites accounting for 75% of all online transactions.
A nation of card users, the big names Visa, Mastercard and American Express are all ubiquitous. Contactless penetration is very high – the average Canadian adult has three contactless-enabled cards. Processing in-store debit card payments require a connection with the local network, Interac.
Beyond cards, wallets like PayPal and buy now, pay later payment methods like Afterpay and PayBright are growing in popularity. It’s also worth noting that Canada is proudly multicultural, with a large Asian population. Offering local payment methods can be beneficial to any business looking to expand in the region.