Canada Mobile Wallet and Payment Market Analysis, Outlook & Growth Rate 2030
Overview of the Canada Mobile Wallet and Payment Market:
The Canada Mobile Wallet and Payment Market reports delivers an in-depth assessment of market size, share, and emerging trends, offering valuable insights into growth opportunities. It examines market segmentation and definitions, highlighting core components and key drivers of expansion. By applying SWOT and PESTEL analyses, the study evaluates the sector’s strengths, weaknesses, opportunities, and threats, while also considering political, economic, social, technological, environmental, and legal factors. Expert reviews of competitor strategies and recent developments provide a clearer view of regional dynamics and future market trajectories, establishing a strong foundation for strategic planning and informed investment decisions.
What will be the market size of Canada Mobile Wallet and Payment market 2030?
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.
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Who are the top companies operating in the Canada Mobile Wallet and Payment market?
The report features prominent companies operating in the Canada Mobile Wallet and Payment market and the successful strategies they have adopted. It also provides detailed insights into each company’s market share and their role in driving the industry’s growth. As per MarkNtel Advisors, top companies in Canada Mobile Wallet and Payment market: 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
What is the key factor projected to fuel growth in the Canada Mobile Wallet and Payment Market between 2025 and 2030?
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.
Canada Mobile Wallet and Payment Market - Segmentation Analysis
- By Type (Proximity Payments, Remote Payments, Peer-to-Peer Payments)
- By Mode of Payment (Near-Field Communication [NFC], QR-Code Based Payments, In-App Payments, Digital Banking Integration)
- By Technology (Cloud-Based Technology, On –Device Technology, Tokenization)
- By Application (Individuals, Businesses)
- By End User (Retail & E-commerce, Hospitality & Travel, Food & Beverages, Healthcare, Transportation, Utilities & Bills, Entertainment & Media) and Others
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This Section cover detailed analysis of revenue, market share and growth rate, historical data (2020-23) and forecast (2025-2030) of the following segmentation and geography.
Comprehensive Table of Contents – Canada Mobile Wallet and Payment Market Analysis and Forecast, 2030
- Table 1: Introduction
- Table 2: Executive Summary
- Table 3: Market Regulations, Policies & Standards
- Table 4: Canada Mobile Wallet and Payment Market Size, Share & Scope, 2020-2030F
- Table 5: Market Trends & Developments
- Table 6: Market Dynamics (Key Drivers, and Challenges)
- Table 7: Market Hotspots & Opportunities
- Table 8: Market Value Chain Analysis
- Table 9: Market Outlook, 2020-2030F
- Table 10: Market Size & Analysis by Revenues (USD Million):
- Table 11: Market Size & Forecast 2020–2030 by Segmentation
- Table 12: Market Size & Forecast 2020–2030 by Geography
- Table 13: Key Strategic Imperatives for Success & Growth
- Table 14: Competitor Analysis of Canada Mobile Wallet and Payment Companies
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Key Benefits for Industry Participants and Stakeholders
- Insight into emerging market trends and investment opportunities
- Understanding of regional market dynamics and competitive landscapes
- Data-driven forecasts to support strategic decision-making
- Access to industry benchmarks for performance evaluation
- Identification of potential risks and growth challenges
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