Canadian Card and Payment Industry Forecasted to Grow Nearly 5% Annually Through 2017
The cards and payments industry has steadily recorded growth during the review period of 2008-2012 with the volume of cards in circulation to reach 190.8 million cards in 2017, representing a CAGR of 4.66% over the forecast period of 2013-2017. This payment channel is repeatedly increasing in value and volume, notably being driven by debit card transactions and charge cards as well as a demand for credit and prepaid cards.
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