Content Tag: alternative payments

The Canadian Prepaid Providers Organization (CPPO), the leading voice of the prepaid industry in Canada, hosted a one-day symposium in May to discuss the changing nature of the Canadian prepaid market.

A recent payments study conducted by the CPPO revealed that while 99 per cent of Canadians have a bank account there is a growing interest, especially amongst younger Canadians, to adopt alternative payment tools that they view as more convenient. 

Canadian Prepaid Providers Organization (CPPO) second annual payments study reveals a movement towards alternative payment tools and away from traditional banking products for certain occasions and consumers

Toronto, ON – February 6, 2017 – A recent study has found that while 99 per cent of Canadians have a bank account there is a growing interest, especially amongst younger Canadians, to adopt alternative payment tools that they view as more convenient. Prepaid cards continue to grow in both usage and popularity. At the same time, 13 per cent of consumers are using bank accounts less.