As consumers move away from cash and checks, fraud risks shift, and the popularity of buy now, pay later programs increases, the Canadian prepaid account market continues to grow consistently, staying resilient and posting gains despite exits within the market. Datos Insights estimates it could exceed CA$17.4 billion in annual loads by 2028.
This report is the third iteration summarizing the Canadian prepaid account market. It finalizes Datos Insights’ market sizing through the end of 2021 and refreshes the forecast through 2028. Datos Insights collected data elements corresponding to Q3 2021 and Q4 2023 from multiple issuers, program managers, and card processors operating in Canada to compile the sizing and forecast. This data, along with Q1 2020 through Q2 2021 data used in the previous installment of this report, was sourced directly from various market participants.
Clients of Datos Insights’ Commercial Banking & Payments and Retail Banking & Payments services can download this report.
About the Author
![David Shipper](https://datos-insights.com/wp-content/uploads/2023/05/NewBio_David_Shipper-300x162.jpg)
David Shipper
David Shipper is a Strategic Advisor in the Retail Banking & Payments practice at Datos Insights. His focus is on debit and credit cards. Based in Scottsdale, Arizona, David brings to Datos Insights more than 15 years of experience leading card and payment strategies for financial institutions in the U.S. Prior to joining Datos Insights, David managed the debit card and mobile...
Other Authors
![Gilles Ubaghs](https://datos-insights.com/wp-content/uploads/2023/05/NewBio_Gilles_Ubaghs-300x162.jpg)
Gilles Ubaghs
Gilles Ubaghs is a Strategic Advisor with the Commercial Banking & Payments practice at Datos Insights, where he is focused on business-to-business and commercial payments as well as the role of digital transformation across the enterprise and broader financial services sector. Gilles brings over 15 years of experience in the analysis and financial services space creating a range of syndicated off-the-shelf and...