Canada Contactless Payment Market (2025-2031) | Analysis, Value, Trends, Revenue, Share, Segmentation, Growth, Industry, Companies, Outlook, Forecast & Size

Name: Canada Contactless Payment Market (2025-2031) | Trends, Outlook & Forecast
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy
Keywords: Contactless Payment Market, Canada Contactless Payment Market, Canada Contactless Payment Market Revenues, Canada Contactless Payment Market Share, Canada Contactless Payment Market Size, Canada Contactless Payment Market Outlook, Canada Contactless Payment Market Report, Canada Contactless Payment Market Competition, Canada Contactless Payment Market Overview, Canada Contactless Payment Market Trends, Canada Contactless Payment Market Forecast

Market Forecast By Component (Hardware, Solutions, Services), By Vertical (Retail, Hospitality, Healthcare, Energy and Utilities, Transportation and Logistics, BFSI, Others (Government, telecommunications, and education)) And Competitive Landscape

Product Code: ETC5533328	Publication Date: Nov 2023	Updated Date: Aug 2025	Product Type: Market Research Report
Publisher: 6Wresearch	Author: Vasudha	No. of Pages: 60	No. of Figures: 30	No. of Tables: 5

Canada Contactless Payment Market Overview

The contactless payment market in Canada is expanding as consumers and businesses adopt payment methods that offer convenience and speed. Contactless payments, such as those made through NFC-enabled cards and mobile payment apps, are becoming increasingly popular. The market is driven by the growing preference for secure and quick transactions, advancements in payment technology, and the increasing adoption of digital wallets and mobile banking.

Drivers of the market

The contactless payment market in Canada is growing as consumers increasingly adopt mobile payment solutions and contactless credit/debit cards. The convenience, speed, and security of contactless payments are driving their popularity, leading to widespread adoption across retail and service industries.

Challenges of the market

Challenges in the Canadian contactless payment market include concerns over transaction security, as consumers and businesses worry about fraud and data breaches. Additionally, despite growing adoption, some retailers are slow to upgrade their point-of-sale systems to accept contactless payments, limiting the markets potential. Fluctuations in transaction fees also create uncertainty for smaller businesses.

Government Policy of the market

Government policies affecting the contactless payment market in Canada focus on technology standards, data security, and financial regulations. Regulations ensure that contactless payment systems meet security and performance criteria. Policies promoting digital payment innovations and consumer protection drive demand for contactless payment solutions. Government support for financial technology advancements and secure payment systems influences market growth.

Key Highlights of the Report:

Canada Contactless Payment Market Outlook
Market Size of Canada Contactless Payment Market, 2024
Forecast of Canada Contactless Payment Market, 2031
Historical Data and Forecast of Canada Contactless Payment Revenues & Volume for the Period 2021-2031
Canada Contactless Payment Market Trend Evolution
Canada Contactless Payment Market Drivers and Challenges
Canada Contactless Payment Price Trends
Canada Contactless Payment Porter`s Five Forces
Canada Contactless Payment Industry Life Cycle
Historical Data and Forecast of Canada Contactless Payment Market Revenues & Volume By Component for the Period 2021-2031
Historical Data and Forecast of Canada Contactless Payment Market Revenues & Volume By Hardware for the Period 2021-2031
Historical Data and Forecast of Canada Contactless Payment Market Revenues & Volume By Solutions for the Period 2021-2031
Historical Data and Forecast of Canada Contactless Payment Market Revenues & Volume By Services for the Period 2021-2031
Historical Data and Forecast of Canada Contactless Payment Market Revenues & Volume By Vertical for the Period 2021-2031
Historical Data and Forecast of Canada Contactless Payment Market Revenues & Volume By Retail for the Period 2021-2031
Historical Data and Forecast of Canada Contactless Payment Market Revenues & Volume By Hospitality for the Period 2021-2031
Historical Data and Forecast of Canada Contactless Payment Market Revenues & Volume By Healthcare for the Period 2021-2031
Historical Data and Forecast of Canada Contactless Payment Market Revenues & Volume By Energy and Utilities for the Period 2021-2031
Historical Data and Forecast of Canada Contactless Payment Market Revenues & Volume By Transportation and Logistics for the Period 2021-2031
Historical Data and Forecast of Canada Contactless Payment Market Revenues & Volume By BFSI for the Period 2021-2031
Historical Data and Forecast of Canada Contactless Payment Market Revenues & Volume By Others (Government, telecommunications, and education) for the Period 2021-2031
Canada Contactless Payment Import Export Trade Statistics
Market Opportunity Assessment By Component
Market Opportunity Assessment By Vertical
Canada Contactless Payment Top Companies Market Share
Canada Contactless Payment Competitive Benchmarking By Technical and Operational Parameters
Canada Contactless Payment Company Profiles
Canada Contactless Payment Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

How does 6Wresearch market report help businesses in making strategic decisions?

Do you also provide customisation in the market study?

1 Executive Summary

2 Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3 Canada Contactless Payment Market Overview

3.1 Canada Country Macro Economic Indicators

3.2 Canada Contactless Payment Market Revenues & Volume, 2021 & 2031F

3.3 Canada Contactless Payment Market - Industry Life Cycle

3.4 Canada Contactless Payment Market - Porter's Five Forces

3.5 Canada Contactless Payment Market Revenues & Volume Share, By Component , 2021 & 2031F

3.6 Canada Contactless Payment Market Revenues & Volume Share, By Vertical, 2021 & 2031F

4 Canada Contactless Payment Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing adoption of mobile payment solutions

4.2.2 Growing demand for convenient and secure payment methods

4.2.3 Government initiatives promoting cashless transactions

4.3 Market Restraints

4.3.1 Concerns over data security and privacy

4.3.2 Lack of widespread merchant acceptance of contactless payments

4.3.3 Resistance to change among consumers accustomed to traditional payment methods

5 Canada Contactless Payment Market Trends

6 Canada Contactless Payment Market Segmentations

6.1 Canada Contactless Payment Market, By Component

6.1.1 Overview and Analysis

6.1.2 Canada Contactless Payment Market Revenues & Volume, By Hardware, 2021-2031F

6.1.3 Canada Contactless Payment Market Revenues & Volume, By Solutions, 2021-2031F

6.1.4 Canada Contactless Payment Market Revenues & Volume, By Services, 2021-2031F

6.2 Canada Contactless Payment Market, By Vertical

6.2.1 Overview and Analysis

6.2.2 Canada Contactless Payment Market Revenues & Volume, By Retail, 2021-2031F

6.2.3 Canada Contactless Payment Market Revenues & Volume, By Hospitality, 2021-2031F

6.2.4 Canada Contactless Payment Market Revenues & Volume, By Healthcare, 2021-2031F

6.2.5 Canada Contactless Payment Market Revenues & Volume, By Energy and Utilities, 2021-2031F

6.2.6 Canada Contactless Payment Market Revenues & Volume, By Transportation and Logistics, 2021-2031F

6.2.7 Canada Contactless Payment Market Revenues & Volume, By BFSI, 2021-2031F

7 Canada Contactless Payment Market Import-Export Trade Statistics

7.1 Canada Contactless Payment Market Export to Major Countries

7.2 Canada Contactless Payment Market Imports from Major Countries

8 Canada Contactless Payment Market Key Performance Indicators

8.1 Average transaction value per contactless payment

8.2 Number of contactless payment transactions per month

8.3 Growth in the number of contactless payment terminals deployed

8.4 Percentage increase in the adoption rate of contactless payments by consumers

8.5 Average time taken for a contactless payment transaction

9 Canada Contactless Payment Market - Opportunity Assessment

9.1 Canada Contactless Payment Market Opportunity Assessment, By Component , 2021 & 2031F

9.2 Canada Contactless Payment Market Opportunity Assessment, By Vertical, 2021 & 2031F

10 Canada Contactless Payment Market - Competitive Landscape

10.1 Canada Contactless Payment Market Revenue Share, By Companies, 2024

10.2 Canada Contactless Payment Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

Africa Contactless Payment Market

Asia Pacific Contactless Payment Market

Europe Contactless Payment Market

Global Contactless Payment Market

Middle East Contactless Payment Market

North America Contactless Payment Market

Norway Contactless Payment Market

Palau Contactless Payment Market

Panama Contactless Payment Market

Papua New Guinea Contactless Payment Market

Paraguay Contactless Payment Market

Export potential assessment - trade Analytics for 2030

Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.

By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.

To discover high-growth global markets and optimize your business strategy:

Click Here