September 30, 2022
How Online Payment Products Meet Consumer Payment Trends
alternative payments, Prepaid Products, Online Payment Vouchers, OPVs
Esports is seeing rapid growth in Canada. Online gaming alone is a $40+ million dollar industry with online gamers spending roughly $200 a year on new online games and over $120 a year on in-game items (see source), such as cosmetics, battle passes and tokens. While online transacting is convenient, many consumers aren’t comfortable entering their financial data. In fact, 59% have reported to feel more comfortable using a payment method where they don’t need to share their financial details with the merchant (see source). This is just one of the many benefits of using online payment products to make these types of purchases.