Most popular overall payment methods based on transaction volume in Canada 2019
Cash money made up roughly 19 percent of overall payment transaction volume in Canada in 2019, a relative decline of nearly 40 percent compared to 2014. Indeed, the source lists the decline in paper based payments as one of the most significant changes between 2014 and 2019. Opposed to this is the digitalization of payments: Credit card especially grew at a fast pace, from a market share of 21 percent in 2014 to a share of 31 percent in 2019 - a relative change of 62 percent.