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.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.