Most used e-commerce payment methods in Canada 2016-2023, with 2027 forecast
Credit cards increasingly lost market share as Canada's most popular online payment method, as digital wallets gained four percentage points in 2022. Nevertheless, credit cards was still the most used digital payment in the country that year. The source adds that Canadians' preference for credit also showed itself in buy now, pay later. BNPL gained roughly six percent market share within the country's overall e-commerce spending between 2020 and 2022.