Credit cards payments now constitute 68% of all non-cash transactions of business merchants in Canada, versus the global average of nearly 40%, according to the Financial Post.
The Canadian publication further found that nearly 71% of Canadians would be comfortable, if not prefer to, never handle cash again. This is a sharp rise from 27% in 2011.
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MONEXgroup vice president of sales and marketing Parry Rosenberg said, "It’s time for all businesses, big or small, to embrace digital payments options and accept credit card payments.
"The majority of purchases today are being made using credit – and our POS terminals offer businesses an affordable way to accommodate these sales."
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