The Prepaid Market Is Evolving
Prepaid Cards, Prepaid Products, growth
The prepaid market is one of the fastest and most innovative growing payment segments in Canada.1 According to a study commissioned by the CPPO, as of the end of 2019 open-loop cards such as prepaid Visa or Mastercard have achieved 3 consecutive years of 25% growth to the previous year. This amounts to Canadians loading a staggering $4.8 billion dollars onto these prepaid cards. According to Theodore Iacobuzio, vice president of research and director of the Prepaid Advisory ...
Prepaid’s Place in an Ecommerce World
payments, Prepaid Products
Consumer shopping habits have shifted towards online shopping over the last few years thanks to ecommerce.¹ In fact, retail ecommerce in Canada will reach CA$52.04 billion this year, up by 20.7%.² To provide a seamless consumer experience and provide a way to gap the bridge between brick-and-motor with ecommerce, C-store owners need to adapt.
As a prepaid product provider we have partnered with various brands such as Amazon, STACK, Paysafecard and many more, to ...
Canada’s e-Commerce Market is Catching Up To International Levels
Consumer shopping habits are changing and retailers have to adapt to ensure they are positioned to take advantage of these shifting behaviours. Historically, Canada’s e-commerce market has been slow to develop but in the coming months and years it is expected to grow significantly and it’s predicted that Canada will catch up to other international marketplaces 1. Approximately 80% Canadians shop online and are buying more items, more often than ever before, and across a variety of ...