The Canada Mobile Wallet and Payment Market size was valued at around USD 1.39 billion in 2024 and is projected to reach USD 20.48 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 55.88% during the forecast period, i.e., 2025-30.
Canada Mobile Wallet and Payment Market Trend:
Increasing Internet Penetration Boosting Demand – With high-speed internet facilities surging in the Canadian region, the use of mobile payment has grown intensively. As of 2024, 36.74 million Canadians are internet users constituting more than 94% of their population. Around 86% were on mobile internet connection. Daily activities like buying groceries, essentials, etc. are mostly being done over the internet by many Canadians. This has led to the widespread adoption of mobile wallets. Mobile Payment options are intensively being integrated into multiple businesses for high transaction speeds. They are further providing a variety of incentives in their services for greater engagement & customer convenience. For instance; Starbucks uses reward systems to encourage customers to use their mobile payment apps, boosting market growth. This will continue to drive the market growth during the forecast period.
Download a free sample copy of the Report: https://www.marknteladvisors.com/query/request-sample/canada-mobile-wallet-payment-market.html
Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
*Reports Delivery Format – Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address.
Browse Full Report including (TOC+ List of Table and Figures): https://www.marknteladvisors.com/research-library/canada-mobile-wallet-payment-market.html
Canada Mobile Wallet and Payment Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2024
-Historical Period: 2020 to 2023
-Forecast Period: 2025 to 2030
- By Type
- Proximity Payments- Market Size & Forecast 2020-2030, USD Million
- Remote Payments- Market Size & Forecast 2020-2030, USD Million
- Peer-to-Peer Payments- Market Size & Forecast 2020-2030, USD Million
- By Mode of Payment
- Near-Field Communication (NFC) – Market Size & Forecast 2020-2030, USD Million
- QR-Code Based Payments- Market Size & Forecast 2020-2030, USD Million
- In-App Payments- Market Size & Forecast 2020-2030, USD Million
- Digital Banking Integration- Market Size & Forecast 2020-2030, USD Million
- By Technology
- Cloud-Based Technology- Market Size & Forecast 2020-2030, USD Million
- On –Device Technology- Market Size & Forecast 2020-2030, USD Million
- Tokenization- Market Size & Forecast 2020-2030, USD Million
- By Application
- Individuals- Market Size & Forecast 2020-2030, USD Million
- Businesses- Market Size & Forecast 2020-2030, USD Million
- By End User
- Retail & E-commerce- Market Size & Forecast 2020-2030, USD Million
- Hospitality & Travel- Market Size & Forecast 2020-2030, USD Million
- Food & Beverages- Market Size & Forecast 2020-2030, USD Million
- Healthcare- Market Size & Forecast 2020-2030, USD Million
- Transportation- Market Size & Forecast 2020-2030, USD Million
- Utilities & Bills- Market Size & Forecast 2020-2030, USD Million
- Entertainment & Media- Market Size & Forecast 2020-2030, USD Million
- Others
- By Region
- Atlantic Canada
- Central Canada
- The Prairie Provinces
- The West Coast
- The North
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – Apple Pay, PayPal, Google Pay, Samsung Pay, Moneris, Square, Stripe, Interac, Royal Bank of Canada (RBC) Wallet, Canadian Imperial Bank of Commerce (CIBC) Mobile Payment App, TD Bank Mobile Payment App, Scotiabank Mobile Wallet, Desjardins Mobile Payment, WeChat Pay, Alipay and others
Have questions? Our consultant is ready to assist: https://www.marknteladvisors.com/query/talk-to-our-consultant/canada-mobile-wallet-payment-market.html
We follow a tried-and-tested research methodology that blends top-down and bottom-up approaches to deliver highly accurate market insights. Every report is powered by data triangulation, ensuring well-rounded and validated findings.
From smart sample selection and reliable data collection to in-depth analysis and precise forecasting, our process is designed to minimize error and maximize impact.
About Us –
MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
Contact Us
MarkNtel Advisors
Email: sales@marknteladvisors.com
Website: www.marknteladvisors.com
Latest Press Release – https://www.marknteladvisors.com/press-release
