The State of Canadian Digital Banking

Dec 28, 2020

The pandemic has been the primary driver of rising digital banking usage this year in Canada and will continue to drive further spending by banks’ on their digital platforms in the near term and long term as user experience on digital platforms is now more important than ever. Let’s have a closer look at some of the numbers behind the growth:

The Canadian government continues to explore the benefits of open banking (also now known as consumer-directed finance), which would allow banks to substantially improve their digital user experience and tie consumers more closely to their digital banking platforms. Here’s a detailed look at the benefits of open banking.

Did you know VoPay empowers banks to provide a better payment experience for their clients through a single API? Learn more.

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