It proved so convenient that it is now used for over 13 million transactions each day – from transit to coffee to a pair of jeans. Canadians seem to be less enthusiastic about e-money, and there appears to be little demand for something like the Octopus card.
We are nonetheless big users of e-payment methods that give us access to credit or our bank accounts. Almost all Canadian adults have debit cards, and more than 80 per cent have at least one credit card. 5 Over half of all transactions in Canada use debit or credit cards.