February 22, 2022
The Importance of Offering Prepaid Products That Provide Financial Inclusion
alternative payments, OPVs
Throughout the years, consumer shopping habits and forms of payments have taken a digital shift. In 2020, close to half of Canadians reported using e-commerce platforms for online purchases, accounting for 477 million transactions.¹ This shift to e-commerce has forced the growth in digital payments; but, traditional digital payments are not inclusive for all Canadians.
It is estimated between 10-20% of Canadians have little to no access to everyday banking services.² This ...
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