Market Report, "Financial Cards and Payments in Canada", Published
With the exception of ATM cards and store cards, remaining financial card transaction value rose faster than forecast GDP growth in 2013. Credit cards remain driven by extensive and evolving rewards/loyalty programmes that aim to reach affluent spenders. Debit cards continue to benefit from consumer commitments towards fiscal responsibility. Despite a minor rise in consumer credit card debt in Q2 2013, delinquencies across a broad credit spectrum continue to trend flat, indicating that...
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