Canadian consumers are leading the pack in adopting MasterCard’s PayPass Tap & Go contactless payment technology as their payment method of choice, according to MasterCard Canada research.
With one-in-ten in-store purchases made with a MasterCard PayPass-enabled credit card, Canadians show their love for the convenience, safety, and security that PayPass has to offer. Since 2005, Canadian consumers have made over 240 million transactions with their MasterCard PayPass-enabled credit cards or devices.
PayPass offers consumers a fast and convenient alternative to cash for their everyday purchases. Consumers simply tap their PayPass-enabled card or device on a specially equipped merchant terminal, eliminating the need to fumble for cash and coins, hand their card over to a clerk, or swipe the card.
Nineteen of the top twenty-five largest retailers across Canada accept or plan to accept PayPass, including Tim Hortons, Petro Canada, and Loblaws. And MasterCard is currently working to increase this number, possibly setting the stage for mobile payment adoption in Canada.