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    Canadian Payments Forecast 2012

    News about Canadian Payments Forecast 2012.

    Canadian NFC phones forecast

    June 11th, 2012

    By 2016 almost 80% of the smartphones in Canada will be NFC-enabled, “providing a solid foundation for the uptake of mobile contactless payments”, according to Canadian Payments Forecast — 2012, a new report from TSI. “Cash will remain the most frequently used form of payment in Canada over the next five years, but will suffer substantial erosion from contactless debit and credit payments,” say the authors.