Canada has a highly developed payment market with a strong preference for card payments, while the adoption rate of digital wallets is also continuously increasing. Debit and credit cards are the most popular payment methods, each accounting for 35% of total transaction volume. Klarna is widely used as a digital wallet in Canada.
Canada's e-commerce market is developing rapidly, and the use of mobile payments is also increasing. Although cash usage is decreasing, it remains important in certain regions and small transactions. Canada also has some unique payment methods.
For merchants looking to enter the Canadian market, in addition to providing major international payment methods, they should also consider supporting local payment options. At the same time, since Canada is a bilingual country, providing English and French payment interfaces is also important.
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