Report Published: "Debit Cards in Canada"
The premiumisation of credit cards, particularly those offering reward/loyalty programmes, continues to pose strong competition for debit cards' share of the consumer wallet. In 2013, credit cards outperformed debit cards in growth of outstanding cards, in addition to posting higher average transaction amounts. More significantly, credit card total transaction value is forecast to increase at a constant value CAGR of 4% to 2018, versus a 3% CAGR for debit cards. Debit cards typically lag behind...
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