Remove Central Bank Remove Electronic Funds Transfer (EFT) Remove Retail Payments
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Payment Processing 2024 Market Statistics in Canada

Clearly Payments

Payment Methods Accepted by Canadian Businesses In the realm of Canadian businesses, cheques maintain a firm foothold, with a substantial 73.4% of businesses are embracing Electronic Funds Transfers (EFT) as their second most popular choice. However, the digital era is swiftly advancing: 58.9% using credit cards.

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International Payments Group Champions Faster Cross-Border Payments

PYMNTS

Individual jurisdictions around the globe are pressing for both faster and more efficient cross-border payments. China’s central bank, for instance, took steps last month to boost the efficiency of cross-border transactions involving Chinese parties by lengthening its clearing window time span. In the U.S.,