Payment Acquiring and Merchant Services in Canada: 2013 Update
New research from Mercator Advisory Group provides new and updated information on market dynamics and opportunities
Boston, MA - April 25, 2013 - Over
the past five decades, the Canadian payments market has evolved into
one of the premier international markets for foreign expansion. Not only
do Canada's proximity and cultural similarities to U.S.-based firms
assist in transnational expansion, but the market itself is enticing. As
a result, Canada has witnessed broad interest from U.S.-based and
international payment industry players.
interested parties are attracted to Canada for a number of reasons,
including the stable and well-regulated financial system, robust
economic performance record, and a population growing more at ease with
new payment technologies. Mercator Advisory Group's latest report, Payment Acquiring and Merchant Services in Canada: 2013 Update, provides
new and updated information on the Canadian payments market with
emphasis on the payment acquiring and merchant services space.
the leading e-commerce payment solution providers are a combination of
both domestic and international players. While the market is controlled
by two major firms (PayPal and Moneris), each of the remaining payment
solution providers maintains a healthy share of the market, suggesting
that Canadian e-commerce merchants are not particularly tied to one
firm, presenting an opportunity for the firm offering the best deal to
gain traction quickly among the growing number of merchants interested
in e-commerce," commented Tristan Hugo-Webb, analyst for the International Advisory Service and the primary author of the report.
Highlights of the report include:
- Examination of recent trends in the payment card, banking, merchant, and e-commerce segments
- Review of the Canadian merchant landscape in terms of card-accepting segments, establishments, and annual revenue
Review of the leading payment card brands, merchant acquirers, ISOs,
and smaller players in Canada and their respective market positions
- Overview of new Canadian Code of Conduct for payment card industry
One of the 11 exhibits included in this report:
The report is 25 pages long and contains 11 exhibits.
Companies mentioned in this report include: American Express, Bank of Montreal, Beanstream, Caledon Card Services, Canadian
Imperial Bank of Commerce (CIBC), Canadian Payments Association,
CardWorks, Chase Paymentech, Citibank, Collective POS, Desjardins,
Discover, Elavon, Emergis, First Data, Global Payments, Google Checkout,
HSBC, Interac, MasterCard, Merrick Bank, Moneris, Monex, National Bank
of Canada (NBC), NXGEN, Optimal Payments, Payfirma, PayPal, Payment
Processing Inc. (PayPros), Peoples Trust, Pivotal Payments, PSiGate,
Rogers, Royal Bank of Canada, Scotiabank, Snappay, Square, Stripe,
Telus, Toronto Dominion Bank, VersaPay, Visa, and WorldPay.
Members of Mercator Advisory Group's International Advisory Service
have access to this report as well as the upcoming research for the
year ahead, presentations, analyst access and other membership benefits.
Please visit us online at www.mercatoradvisorygroup.com.
For more information and media inquiries, please call Mercator Advisory Group's main line: (781) 419-1700, send E-mail to firstname.lastname@example.org.
Follow us on Twitter @ http://twitter.com/MercatorAdvisor.
About Mercator Advisory Group
Mercator Advisory Group
is the leading, independent research and advisory services firm
exclusively focused on the payments and banking industries. We deliver
pragmatic and timely research and advice designed to help our clients
uncover the most lucrative opportunities to maximize revenue growth and
contain costs. Our clients range from the world's largest payment
issuers, acquirers, processors, merchants and associations to leading
technology providers and investors. Mercator Advisory Group is also the
publisher of the online payments and banking news and information portal