Canadians Embrace Value and Convenience From New Banking and Payment Technologies-CBA Research

Canadians Embrace Value and Convenience From New Banking and Payment Technologies-CBA Research

ID: 344294

(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 10/15/14 -- The Canadian Bankers Association (CBA) today released the results of its latest research, How Canadians Bank, which shows that Canadians of all ages are embracing new technologies in their daily lives and value innovative ways to make their banking more accessible and convenient.

Keys trends include the fact that online and mobile banking use continues to grow and payments are quickly evolving as mobile wallets and "tap and go" contactless payments become more widely available.

"Bankers from the 1970s would be astonished at the technologies being used for everyday banking today," said Terry Campbell, president of the Canadian Bankers Association. "Canadians are now checking account balances using their bank's mobile app, flashing their phone to make purchases and taking pictures of cheques to deposit them from their mobile phone. It's hard to imagine what we'll be doing 10 years from now."

Mobile banking and payments growing rapidly

Online banking grows while branch, ABM and telephone banking decline

More of the key findings from the How Canadians Bank research can be found at:

Survey Methodology

The survey was commissioned by the CBA and conducted by Abacus Data. The findings are based on a phone-online hybrid survey of 1,250 Canadians aged 18 and over conducted from May 27 to June 2, 2014. Results are valid within +/- 2.8 percentage points, 19 times out of 20.

About the Canadian Bankers Association

The Canadian Bankers Association works on behalf of 60 domestic banks, foreign bank subsidiaries and foreign bank branches operating in Canada and their 280,000 employees. The CBA advocates for effective public policies that contribute to a sound, successful banking system that benefits Canadians and Canada's economy. The Association also promotes financial literacy to help Canadians make informed financial decisions and works with banks and law enforcement to help protect customers against financial crime and promote fraud awareness. .





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Contacts:
Kate Payne
Media Relations Specialist
Canadian Bankers Association
(416) 362-6093, ext. 219
Cell: (416) 587-7733

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Bereitgestellt von Benutzer: Marketwired
Datum: 15.10.2014 - 15:50 Uhr
Sprache: Deutsch
News-ID 344294
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TORONTO, ONTARIO



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Personal Finance



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