MarkNtel Advisors, a leading market research and consulting firm, has announced the release of its latest study titled Canada Mobile Wallet and Payment Market Research Report Forecast: (2025-2030). This report provides a detailed assessment of the Canada Mobile Wallet and Payment Market, covering its evolving dynamics, emerging trends, key growth drivers, major challenges, and competitive landscape.

Designed to guide investors, stakeholders, and business leaders, the research aims to deliver valuable insights for strategic planning, risk assessment, and investment decision-making in the years ahead.

Market Timeline Overview

• Historical Years: 2020–23
• Base Year: 2024
• Forecast Years: 2025–30

This helps businesses identify emerging opportunities, assess market risks, and develop data-driven strategies for long-term success.

Download a FREE PDF Sample of the Report: https://www.marknteladvisors.com/query/request-sample/canada-mobile-wallet-payment-market.html  (Discover the market potential, platform-specific insights, and key industry trends.)

Canada Mobile Wallet and Payment Market Outlook

According to the report, The Canada Mobile Wallet and Payment Market size was valued at around USD 1.39 billion in 2024 and is projected to reach USD 20.48 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 55.88% during the forecast period, i.e., 2025-30. Various factors are attributed to the growth of the market.

The report also examines consumer preferences, regulatory impacts, and investment trends that will shape the market’s trajectory over the next decade.

Canada Mobile Wallet and Payment Market Drivers:

Increasing Internet Penetration Boosting Demand – With high-speed internet facilities surging in the Canadian region, the use of mobile payment has grown intensively. As of 2024, 36.74 million Canadians are internet users constituting more than 94% of their population. Around 86% were on mobile internet connection. Daily activities like buying groceries, essentials, etc. are mostly being done over the internet by many Canadians. This has led to the widespread adoption of mobile wallets. Mobile Payment options are intensively being integrated into multiple businesses for high transaction speeds. They are further providing a variety of incentives in their services for greater engagement & customer convenience. For instance; Starbucks uses reward systems to encourage customers to use their mobile payment apps, boosting market growth. This will continue to drive the market growth during the forecast period.

View Full Report (All Data, In One Place): https://www.marknteladvisors.com/research-library/canada-mobile-wallet-payment-market.html  (Explore in-depth analyses, technological trends, and investment patterns.)

Canada Mobile Wallet and Payment Market Trends:

Rising Demand for Peer-to-Peer Payments – It is a significant trend in the Canadian market. This type of payment method allows direct transfer of funds without the requirement of traditional banking intermediaries. Due to its high speed and convenience of digital transactions, the Peer-to-Peer method is gaining popularity among Canadian customers. Interac e-Transfer is being widely used in Canada for these kinds of payments. Around 1.18 Billion Interac e-Transfer transactions were completed by Canadians in 2023 showing a growth of 32.6% from 2021. Also, the growing number of mobile wallets are providing these facilities to boost the market demand making it a significant market trend. The P2P payments and mobile wallets have been increasing at a substantial rate with everyday transactions growing from Gen Z & Millennials in Canada.

Canada Mobile Wallet and Payment Market Segmentation

The study categorizes the Canada Mobile Wallet and Payment Market into various segments and sub-segments, each analyzed for its size, growth potential, and contribution to the overall industry.

By Type

• Proximity Payments
• Remote Payments
• Peer-to-Peer Payments

By Mode of Payment

• Near-Field Communication (NFC)
• QR-Code Based Payments
• In-App Payments
• Digital Banking Integration

By Technology

• Cloud-Based Technology
• On –Device Technology
• Tokenization

By Application

• Individuals
• Businesses

By End User

• Retail & E-commerce
• Hospitality & Travel
• Food & Beverages
• Healthcare
• Transportation
• Utilities & Bills
• Entertainment & Media
• Others

Geographical Analysis

The report presents detailed insights into the market’s geographical expansion, highlighting key trends and opportunities across the following geographies:

By Region

• Atlantic Canada
• Central Canada
• The Prairie Provinces
• The West Coast
• The North

Talk to Our Industry Analyst: https://www.marknteladvisors.com/query/talk-to-our-consultant/canada-mobile-wallet-payment-market.html  Get personalized insights into company strategies and regional market dynamics.)

Leading Companies in Canada Mobile Wallet and Payment Market Worldwide: Players, Analysis & Future Outlook

Sattviko Foods Pvt Ltd, Manju Makhana, Shree Bhagwati Flour and Foods Private Limited, Shakti Sudha Agroventures Pvt. Ltd., Selmax Exports Private Limited, Sun Organic Industries Private Limited, Rishab Global Industries Private Ltd (Mr. Makhana), Snackible, Mithilia Naturals, VKC Nuts Pvt. Ltd. (Nutraj), Tata Sampann, Farmley, Happilo, and Others are the top companies in the Canada Mobile Wallet and Payment Market.

Key Highlights of the Report

• Comprehensive Market Overview: In-depth analysis of market size, share, and forecasts from 2025 to 2030.
• Growth Drivers & Challenges: Clear insights into factors feeling or restraining market expansion.
• Investment & Regulatory Insights: Evaluation of key policies, funding trends, and collaborations influencing industry performance.
• Competitive Landscape: Detailed profiles of leading companies, including product portfolios, business strategies, financials, and recent developments such as mergers & acquisitions.

Analytical Tools: Application of SWOT Analysis, PESTEL Analysis, and Porter’s Five Forces Model to assess competition and external influences

Browse through our flexible pricing plans and choose the package that best fits your business needs whether you require a single-user license, corporate access, or customized insights. Once you select the plan that suits your requirements, you can purchase and instantly access the full report online – https://www.marknteladvisors.com/pricing/canada-mobile-wallet-payment-market.html  

Frequently Asked Questions (FAQ)

1. What is the projected growth rate of the Canada Mobile Wallet and Payment Market?
   2. What are the major factors driving this market’s growth?
   3. Which regions are expected to lead the Canada Mobile Wallet and Payment Market?
   4. Who are the prominent players in the Canada Mobile Wallet and Payment Market?
   5. How is the competition structured in this market?
   6. How can I access the full report?

About Us

MarkNtel Advisors is a prominent market research and consulting firm delivering data-driven insights across the financial technology (FinTech) ecosystem, including omnichannel banking, digital payments, and core banking infrastructure. We analyze digital transformation trends and regulatory frameworks to help financial institutions and investors build future-ready strategies. Through Competitive Intelligence, we provide clients with benchmarking tools and strategic assessments that foster innovation, compliance, and market leadership in the evolving world of financial technology.

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