For two years in a row, Canadians have shown a strong preference for cash and card payments for day-to-day purchases.A yearly Bank of Canada survey revealed the nation’s long-standing affinity toward cash and bank cards for making payments in 2022 and 2023. However, the use of these payment alternatives has generallyOf the many other alternatives to cash and cards, most Canadian respondents preferred using e-transfer, a method of transferring money using email addresses or phone numbers.
“As the financial sector continues to evolve, we need to innovate in different areas and apply skills that aren’t traditionally associated with central banking. By doing so, Canadians can share in the benefits of innovation.” The hub will focus on three of BIS’ six priority themes, which includes open finance, next-generation financial market infrastructures andBitcoin gives up late June gains amid warning $60K holding is ‘lucky’