Canadian Mobile Payment Activity Expected to Increase in 2014

More Canadians are expected to use their mobile devices to make payments during 2014, according to a report from Rogers Communications.

The Canadian telecommunications giant polled more than 1,000 Canadian consumers between November and December and found that 68% of respondents expect to use mobile devices to make online purchases in 2014, up from 65% in 2013.

Additionally, 55% believe that mobile wallets will replace debit and credit cards in the next five years, and 49% said they expect to use mobile payment apps to make purchases in the next 12 months.

Rogers said in its report that Canadians are becoming a device generation, or ‘Generation D’, with 52% of Canadians owning a smartphone and 33% a tablet device.

Canadians living in Alberta and Ontario are more connected to mobile devices than those in other provinces. Seventy-two per cent of Albertans own a smartphone and 45% own a tablet. Fifty-seven percent of Ontarians own a smartphone, while 39% have a tablet. However, British Columbia leads the way for mobile payment app usage, with 59% of device users in the province likely to use mobile payment apps more often over the next 12 months.

2 views

Related reading

hanjin-shipping
donald-trump
job
New consumer banking head for Citi Asia Pacific