Over 50 percent of card present transactions were contactless in Q1 2022

Over 50 per centum of bill of fare nowadays transactions were contactless in Q1 2019

Additionally, contactless payments grew by almost 25 percent

Credit card on computer

Moneris released its quarterly MonerisMetrics study, revealing that for the first time in Canada, contactless payments deemed for the majority of transactions where the card was nowadays.

In total, contactless accounted for 51.v percent of transactions.

Farther, the written report notes that first quarter 2019 saw contactless grow nearly 25 percent yr over year. Overall, credit and debit carte spending grew moderately at 2.5 percentage.

Moneris also noted that eight provinces pb the charge in the contactless payment trend. Prince Edward Island leads with 59.2 percent of transactions using contactless. Manitoba comes in second at 58.2 pct, followed by Nova Scotia at 55.2 percentage, Ontario at 54 percent, B.C. at 53.5 percent, Alberta at 52.1 percent, Saskatchewan at 51.6 percent and New Brunswick at 51 percent.

"Consumers want to become through a queue speedily, so a fast, unproblematic payment experience is what they're looking for," said Angela Chocolate-brown, Moneris' president and CEO.

Interestingly, Brownish also said Canadian consumers were "investing in experiences instead of goods in early 2019."

For instance, Canadians spent 34.ane percent more than on theatrical productions, every bit well as 22.6 pct more on outdoor activities like booking campsites. Consumers as well invested 11.4 percent more on landscaping services to avoid shovelling during the winter.

Finally — and coming equally no surprise — Canadians spent 11 percent more than on accountants and auditors and 9.three percent more on taxation preparation services as the taxation flavour started up.

Source: Moneris