ipl-logo

Explain Why Canada's Current Landscape For E-Commerce And Mobile Payments Is Booming

375 Words2 Pages

1) Canada's current landscape for e-commerce and mobile payments is booming. Canada has not had the highest statistics when it comes to digital commerce, however, over the past few years retail spending online has been gradually rising. After reading an article by Canadian Business (http://www.canadianbusiness.com/innovation/canada-ecommerce-innovators/), it specifies that in 2014 only 6% of retail spending was online but the projected online retail spending for 2019 is 10%. To put these numbers into perspective in 2014 Canadian retail sales totaled $505 billion in 2014, as reported by Statistics Canada. This signifies that e-commerce and mobile payments are being utilized to shop repeatedly and that Canadian businesses are being forced to …show more content…

Technology-enabled shopping experiences are new services such as Ritual which allow consumers to skip lines at quick service restaurants, and JOIST HOME which enables them to find the right home improvement, professional contractor. Furthermore, improved payment processing platforms such as Tab Payments makes it simple and convenient to split and pay for bills at restaurants. Also, applications like Digital Retails Apps allows retailers that have the appropriate technology to process payments digitally which is both more secure and inexpensive. Correspondingly, according to https://www.emarketer.com/Article/Mobile-Payment-Users-Canada-More-Enthusiastic/1014152, smartphone users in Canada plan to use their mobile payment usage more often. Based on emarketer's article the percentage of respondents planning to use mobile payments increased from 26% to 33% from 2015 to 2016. In general, paying fees using mobile payments is getting popular and being used much more often. Overall, many millennials plan on using mobile payments more regularly in the next

Show More
Related

How Does Timothy Eaton Revolutionize The Canadian Retail Industry?

378 Words | 2 Pages

In December 1869, Timothy Eaton opened his first Toronto location, revolutionizing the Canadian retail industry, and changing Canadians’ shopping habits. The store soon became known for three things: selling goods at a fixed price and only for cash, while having a guaranteed return policy—all unprecedented practices most Toronto stores have not dared to implement . By 1907, less than 40 years after the first store was opened near East King Street, the T. Eaton Company has transformed into having two of the largest department stores in Canada . Eaton’s popularity began to spread across the country, and for over a century, the company has dominated the Canadian retail industry. Despite its immense impact and a geographic spread that paralleled

Read More

Cango Market Analysis Paper

769 Words | 4 Pages

We evaluated the periodical of the Cushman and Wakefield written in 2013, that the online retail and web business market such as CanGo has created at a typical rate of over 18% throughout the current years (2009-2012). CanGo competitor that has similar online sales of retail bargains uses the traditional gaming market in the interim only created 1.3%. The market share for online retail arrangements was particularly high in the United States it standing is second among other nations behind the United Kingdom to the extent online retail bargains. CanGo has recorded $186,942,000 in Internet retail bargains in as of 2012? Additionally, this figure spoke to 6.53% of total retail.

Read More

On Pins And Needles Defending Analysis

752 Words | 4 Pages

It is important to note the time frame, because throughout time tattoos have greatly been embraced by millennials. According to surveys, more than one-third of Americans under age 30 have tattoos (Rottenberg 36). Equally important, Rose also claimed tattoos are ubiquitous with young adults. Ironically, tattoos were recently illegal in many states although wildly popular. Historically, many people did not understand the art of tattoos.

Read More

Canadian Tire: Competitors Of The Retail Industry

3438 Words | 14 Pages

1. Rivalry among existing competitors The retail industry is extremely competitive. Here in Canada we enjoy large well established retailers such as Hudson Bay, Costco, and Canadian Tire. According to Statistics Canada “Chain stores, defined as operating four or more locations within the same industry group and under the same legal ownership, have been incrementally increasing market share for more than 10 years” .

Read More

Target Expansion In Canada Case Study

655 Words | 3 Pages

Why Target Expansion in Canada Failed Scope, time, quality, and budget or cost is the main elements with which a successful project is defined and described. A project is said to have failed if it is not implemented to meet the planned parameters of scope, time, quality, and budget. There are myriad cases in which projects have failed because the project managers and project teams have failed to apply certain principles and practices of project management or have applied them incompetently. Target Expansion in Canada is an example of projects that failed because the project team did not apply certain principles of project management. Target ran a series of stores in Canada for quite a short period.

Read More

Big Canada Competitive Advantage

235 Words | 1 Pages

In order to be a great Big Canada contest you need to be a good competitor, having amazing social skills and be able to strategize, I know that I abstain all of those skills. I love competition I have played competitive sports for all my life so I know what it takes to win a competition and work as a team. In this game you need other people to in order to make it far in the games, therefore competitive sports has taught me how to be a team player and use people to your advantage. Secondly, you need good social skills to survive in the house, I think my ability to persuade people into believing me or going with my ideas is pretty good.

Read More

Purpose Of The Credit CARD Act Of 2009

895 Words | 4 Pages

Consumers have a tendency to remember purchases made by cash or checks while purchases made by the use of a credit card are easily forgotten. Further financial education and awareness in this area may be a way to address the current financial crisis. As technology continues to evolve, consumers will operate in a society where the utilization of cash and checks becomes

Read More

Starbucks And Tim Hortons Case Study

784 Words | 4 Pages

Starbucks and Tim Hortons Nowadays, the number of coffee drinkers are increasing. As the demand for coffee grows, the number of coffee chains is also increasing. Of that, the representative coffee chains in North America are Starbucks and Tim Hortons. Starbucks has the highest brand awareness amongst the world coffee chains. It started in Seattle, the United State in 1971.

Read More

What Makes Canada Successful

215 Words | 1 Pages

After six months of operations, and being one of the most successful world expositions of the twentieth century, Expo 67 closed October 29th, 1967. Expo 67 was held close to many Canadian hearts, it showed once again that Canada had finally come of age. It brought Canadians together and for the first time, Canadians showed mutual pride and a great deal of appreciation for all of its people, talents and accomplishments. It changed the worldview of Canada and more importantly it changed the view of how Canadians thought about Canada.

Read More

Essay On Vertical Integration

137 Words | 1 Pages

There are new partners, banks and companies, willing to join the Apple Pay. Therefore, iPhone users can use Apple Pay to pay in those cooperative stores.

Read More

Persuasive Essay On Credit Card Debt

922 Words | 4 Pages

Today nearly everyone has to have and use a credit card (credit card) as a medium of non-cash transactions. This is because the manufacturing process tends to be easier, offer a discount for its users as well as the practicality of use. But of course there are consequences to be paid when you use that bill pembayarannnya. For some people it does not matter, but for some others, sometimes it becomes a new problem. As a result, it is instead make your life easier, but instead burdening your life.

Read More

Apple Value Proposition

1567 Words | 7 Pages

Apple Pay’s value proposition to consumers is mainly the ease of use and peace of mind with security that they provide free of charge. Apple Pay reduces the need for consumers to grab a card out of their wallet or purse every time they need to make a purchase. It also reduces interaction time between consumers and associates at stores, hopefully preventing the inevitable promotions pushed on customers at checkout. Ideally, it makes purchasing goods easier from every aspect.

Read More

Political Factors Affecting Microsoft

1172 Words | 5 Pages

Smartphone ownership by young adults has risen dramatically since 2012. These younger smartphone users are more likely to use location-based information services than older users. Over 80% of young adults also use social networking sites such as Facebook, Twitter and Instagram. Microsoft advertising has premium content that attracts young adults and effective targeting to get the message across efficiently when they are online.

Read More

Persuasive Speech On Online Shopping

765 Words | 4 Pages

More and more people these days prefer online shopping than shopping in malls because of so many advantages and benefits. People from all over the world have accepted online shopping sites because of the convenience provided like from shopping in their pyjamas to convenience for elderly and disabled. Not only this, online shopping sites also provides a wider choice of products, avoiding upselling or impulse buying, better prices, good for the environment, and

Read More

The Cause And Causes Of Online Shopping On The Internet

996 Words | 4 Pages

Causes According to Amin & Noor (2013), the E-consumers generally refer to the purchaser of goods and services over electronic systems such as Internet and other computer networks. This new group of consumers is increasing in number over the years as on-line shopping become a trend and manifestation of modern life style. Based from the Paynter & Lim (2001), E-commerce would provide consumers with benefits such as interactive communications, fast delivery, and more customization that would only be available for consumers through online shopping. Product information in the Internet is more compact and it ranges from various sites.

Read More

More about Explain Why Canada's Current Landscape For E-Commerce And Mobile Payments Is Booming

Related Topics

Open Document