The Voice of Canadian Credit Unions
Business /  •

Less is more for some financial customers

A study released this past February by the Canadian Prepaid Providers Organization (CPPO) found that although 99 percent of Canadians have a bank account, there is a growing interest, especially among younger Canadians, to use alternative payment tools they view as more convenient. Prepaid cards, such as those issued by credit card companies, topped the list as the fastest-growing payment product. ◊