Most popular POS payment methods based on transaction value in Canada 2019
Based on transaction value, the EFT system was Canada's most used payment method when including both consumer as well as business payments in 2019. This is not surprising as the EFT system or Electronic Fund Transfer is responsible for moving digital money from one account to another. It is not a specific payment type, like a branded credit card, but rather it provides the infrastructure to make digital payments happen. The system is especially used for bank transfers.