This IDC Financial Insights Perspective looks at how Apple Pay will transform mobile and online payment processes in Canada when it arrives, which IDC believes will be in 2015. It looks at the impact on existing payment system participants and how they may respond. The factors that will influence the implementation of Apple Pay in Canada are also addressed.
It also provides an overview of how Apple Pay works, and its potential role in the Canadian payments system. In addition, it looks at how payment solutions built on other mobile platforms might evolve.
This Perspective concludes that Apple Pay is expected to have an overall positive impact at helping accelerate mobile payment adoption in the Canada market upon its arrival. The thoughts and predictions expressed here are that of IDC’s opinion only.
Canadian Mobile Business Applications and Services , IDC Financial Insights: Canadian Financial Industry Strategies