Key Market Indicators
Canadian payment transactions are estimated to reach $5.11 trillion by 2026, falling slightly from $5.25 trillion in 2021. This is due to an average annual decrease of 0.2%. Since 2012, demand has grown by an average of 1.2% each year. Canada was ranked 17th in 2021, with South Africa coming in ahead of them at $5.25 trillion. The US, UK and Germany followed in second, third and fourth place respectively. The number of payment terminals in Canada is expected to reach 15.89 million units by 2026, up from 14.55 million in 2021. This is due to an average annual growth of 1.7%. Since 2012, the supply has increased by an average of 2.9% each year. Canada was in 10th place in 2021, with India surpassing them at 14.55 million units. China, Brazil and the UK followed in second, third and fourth place respectively.