{"id":142395,"date":"2023-08-23T06:00:00","date_gmt":"2023-08-23T10:00:00","guid":{"rendered":"https:\/\/interac1.wpengine.com\/?post_type=content&#038;p=142395"},"modified":"2025-09-22T13:17:03","modified_gmt":"2025-09-22T17:17:03","slug":"canadians-leave-their-wallets-at-home-as-interac-debit-mobile-contactless-transactions-surge-53-in-the-last-year","status":"publish","type":"content","link":"https:\/\/www.interac.ca\/en\/content\/news\/canadians-leave-their-wallets-at-home-as-interac-debit-mobile-contactless-transactions-surge-53-in-the-last-year\/","title":{"rendered":"Canadians leave their wallets at home as <i>Interac<\/i> Debit mobile contactless transactions surge 53% in the last year"},"content":{"rendered":"\n<p><em>Interac payments trends survey shows Gen Z are influencing their Gen X parents\u2019 payment habits as Interac Debit for mobile payments grows to reach a total of one billion transactions<\/em><\/p>\n\n\n\n<p><strong>Toronto, August 23, 2023 \u2013 <\/strong>Canadians\u2019 reliance on their smartphones continues to increase. Interac data reveals a 53 per cent jump in the use of <em>Interac\u00ae <\/em>Debit for mobile contactless payments in stores and a 17 per cent surge in its use for e-Commerce purchases between August 2022 and July 2023. Over one billion of these mobile transactions have taken place within a 12-month period for the first time ever.<em><\/em><\/p>\n\n\n\n<p>\u201cWhile many Canadians shifted to contactless early in the pandemic, our data shows consumers are now going a step further as mobile payments become mainstream, particularly as younger Canadians influence those around them to follow suit,\u201d said William Keliehor, Chief Commercial Officer, Interac Corp. \u201cDebit remains central to the way Canadians choose to pay, even as in-store and e-Commerce transactions take new forms.\u201d<\/p>\n\n\n\n<p>According to a recent Interac survey, nearly eight in 10 (78 per cent) Gen Z adults pay using their smartphone, well ahead of older demographics including their parents\u2019 generation, Gen X (42 per cent). While Gen X Canadians appear to have more concerns about the security of mobile and contactless payments, their kids are influencing their payment habits. Four in ten Gen Xers polled (41 per cent) embrace payment options only after they have seen friends and family use them, while half of Gen Z respondents (52 per cent) have taught older family members how to pay with their phone.<\/p>\n\n\n\n<p>\u201cInterac is innovating to help make life easier for Canadians. We\u2019re exploring the ever-evolving ways Canadians are connecting to the digital economy \u2013 whether it\u2019s by making purchases, paying their transit fares, or supporting small businesses,\u201d added Keliehor.&nbsp; &nbsp;<\/p>\n\n\n\n<p><strong>Spending snapshot:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Generation debit:<\/strong> Among Gen Z Canadians who make purchases with their smartphone, over half of those surveyed (53 per cent) prefer to pay with debit. Three quarters of Gen Z (76 per cent) believe Canadians should always have the option to use debit when checking out online, making a purchase in an app, or paying in store.&nbsp;<\/li>\n\n\n\n<li><strong>Hit the road:<\/strong> As Canadians head out to explore the country this summer, their smartphones are always in tow. <em>Interac<\/em> Debit mobile transactions at service stations have increased 48 per cent over the last 12 months. &nbsp;&nbsp;<\/li>\n\n\n\n<li><strong>Al fresco fun:<\/strong> The trend continues on the patio. Mobile<em> Interac<\/em> Debit purchases at restaurants and eating places have risen 63 per cent over the last 12 months and 40 per cent at fast food restaurants.<\/li>\n<\/ul>\n\n\n\n<p><br>As we look to the future, nearly two thirds of Canadians polled (63 per cent) expect that it will soon be normal to leave home without a physical wallet, knowing you can pay with a smartphone or smartwatch. As of this month, TTC riders in Ontario can pay their fare with <em>Interac <\/em>Debit using their smartphone or physical debit card. This capability is set to fuel further growth in mobile transactions in the months to come. For more information on setting up contactless payments with <em>Interac <\/em>Debit on your smartphone, click <a href=\"https:\/\/www.interac.ca\/consumers\/products\/interac-debit\/e-commerce\/\">here and to take a deeper dive into these payment trends<\/a>, visit <a href=\"https:\/\/www.interac.ca\/content\/news\/1-billion-transaction-milestone-for-interac-shows-growth-of-mobile-payments\/\">In The Know<\/a>.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>About the Interac transaction milestone<\/strong><br>More than one billion <em>Interac<\/em> Debit mobile contactless and in-app transactions have taken place on the Interac Token Service Provider (TSP), setting a record for transaction volume within a 12-month period (August 2022 to July 2023). This proprietary token generation and management service was developed by Interac to substitute a consumer\u2019s Primary Account Number (PAN), with a secure token consisting of a unique and random sequence of numbers. This allows the consumer to make a purchase without exposing their financial information, which significantly reduces the risk of fraud while making paying simple and convenient for consumers.&nbsp;&nbsp;&nbsp;<\/p>\n\n\n\n<p><strong>About the research<\/strong><br>Hill+Knowlton Strategies used Morning Consult&#8217;s panel services to survey 1,502 Canadians over the period of June 16<sup>th<\/sup> to 18th, 2023.&nbsp;Sampling was done within age, gender, and region quotas. The length of survey was 7 minutes. Data was weighted on age, gender, and region according to 2016 census figures.&nbsp;An associated margin of error for a randomly selected sample of n=1,502 would be \u00b12.5%, 19 times out of 20.<\/p>\n\n\n\n<p><strong>About Interac Corp.<\/strong><br>Interac empowers Canadians to transact digitally with confidence by providing payment and value exchange services. In helping to develop the future of money and data in Canada, security is the core of everything we do. We help keep Canadian customers safe and secure when transacting. With nearly 300 financial institutions connected to our network, Canadians choose Interac products over 20 million times a day on average to exchange money. Interac champions workplace culture, community, and corporate citizenship. We are proud to be one of&nbsp;Canada&#8217;s&nbsp;leading and most trusted financial brands. For more information, visit our <a href=\"https:\/\/www.interac.ca\/content-category\/news\/\">website.<\/a><\/p>\n\n\n\n<p><strong>For further information:<\/strong><br>Media Contact:<br>Interac Corp.<br>416-869-2017<br>media@interac.ca<\/p>\n\n\n\n<div class=\"wp-block-group is-layout-constrained wp-block-group-is-layout-constrained\">\n<p><br><em>Interac<\/em> is a registered trademark of Interac Corp.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Interac payments trends survey shows Gen Z are influencing their Gen X parents\u2019 payment habits as Interac Debit for mobile payments grows to reach a total of one billion transactions Toronto, August 23, 2023 \u2013 Canadians\u2019 reliance on their smartphones continues to increase. Interac data reveals a 53 per cent jump in the use of&hellip;<\/p>\n","protected":false},"author":26,"featured_media":142411,"template":"","format":"standard","meta":{"_acf_changed":true,"footnotes":""},"content-tags":[279,283,294],"content-category":[193],"spokespeople":[],"in_the_know_post_format":[173],"class_list":["post-142395","content","type-content","status-publish","format-standard","has-post-thumbnail","hentry","content-tags-interac-debit","content-tags-payments","content-tags-trends","content-category-news","in_the_know_post_format-press-release"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Interac Mobile Debit Use Up 53% as Canadians Tap More - Interac<\/title>\n<meta name=\"description\" content=\"Canadians Leave Their Wallets at Home as Interac Debit Mobile Contactless Transactions Surge 53% in the Last Year\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.interac.ca\/en\/content\/news\/canadians-leave-their-wallets-at-home-as-interac-debit-mobile-contactless-transactions-surge-53-in-the-last-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Canadians leave their wallets at home as Interac Debit mobile contactless transactions surge 53% in the last year\" \/>\n<meta property=\"og:description\" content=\"Interac payments trends survey shows Gen Z are influencing their Gen X parents\u2019 payment habits as Interac Debit for mobile payments grows to reach a total\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.interac.ca\/en\/content\/news\/canadians-leave-their-wallets-at-home-as-interac-debit-mobile-contactless-transactions-surge-53-in-the-last-year\/\" \/>\n<meta property=\"og:site_name\" content=\"Interac\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/interac\" \/>\n<meta property=\"article:modified_time\" content=\"2025-09-22T17:17:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.interac.ca\/wp-content\/uploads\/2023\/08\/Transaction_iPhone_Debit_Tap_Inside_Coffee_Shop_Male_and_Female_1_Legal.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2184\" \/>\n\t<meta property=\"og:image:height\" content=\"1638\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@interac\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.interac.ca\/en\/content\/news\/canadians-leave-their-wallets-at-home-as-interac-debit-mobile-contactless-transactions-surge-53-in-the-last-year\/\",\"url\":\"https:\/\/www.interac.ca\/en\/content\/news\/canadians-leave-their-wallets-at-home-as-interac-debit-mobile-contactless-transactions-surge-53-in-the-last-year\/\",\"name\":\"Interac Mobile Debit Use Up 53% as Canadians Tap More - 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