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In Canada, cash was used for 4.5 billion POS transactions in 2018 (Payments Canada, 2019)

Jan. 13, 2020 Share Source
The statistic comes from the Canadian Payment Methods and Trends report, published on December 4th, 2019.

According to the CPMT from Payments Canada, cash accounted for 4.5 billion cash transactions in 2018, worth $92.1 billion (p. 14).

canada-cash-pos-4.5 billion TW IN Bluejpg

Other key findings include:

In Canada,

  • heavy cash users make up 15% of consumers;
  • electronic payments account for 73% of all transaction volume;
  • average transaction size grew to $468 in 2018, up 22% in 2013;
  • cash payments account for 21% of all transaction volume; and
  • approximately 4.5 billion cash transactions (worth $92.1 billion) took place in 2018.

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Last Updated: Feb. 14, 2020

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