COVID-19 Could Expedite Shift to Cashless Payment Methods in Canada
The number of cashless transactions is rising as the coronavirus pandemic limits the use of physical cash. Digital payments, once born out of convenience, have become a necessity for some. While there might still be a number of people who hoard cash — as is often the case in times of crisis — others will...
Canadian Contactless Payments Continue to Surge in Q1 2018: Moneris
According to the MonerisMetrics Quarterly Report for Q1 2018, Canadians continue to spend and also increase their use of contactless payments, according to Moneris, one of Canada’s largest processors of credit and debit payments. In regards to contactless payments, both credit cards and debit combined to see an increase in volume by 37% compared to the...
Canadians to Abandon Cash by 2020 as Mobile Payments Increase: REPORT
A majority of Canadian consumers are expected to abandon using cash for shopping in the next few year, reads a new report. According to information gathered by global payments provider Paysafe in a report entitled "Lost in Transaction," 51 percent of Canadian shoppers are expected to ditch cash entirely by 2020, with 56 percent of...
Garmin Debuts ‘Vívoactive 3’ Smartwatch With Garmin Pay
Garmin is known for making great fitness smartwatches, but they face stiff competition when compared to watches from Apple, Samsung, and Fitbit. Its latest wearable, however, has a more affordable price. According to a new report from Ars Technica, Garmin today announced three new wearable devices that it will debut at IFA 2017 in Berlin, including the vívomove...