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4 minute read

Infographic

Shifting to cashless

Wednesday, March 29, 2023 4 minute read

Commerce is evolving at a rapid clip. And innovations in technology are accelerating that process. Discover our shift to a cashless society—from today's central bank digital currencies (CBDCs) to ancient coins and currencies. Download the infographic.

Learn more about today’s customer preferences for payment types in our local payment methods guide and stay up to date on the latest trends in commerce and payments with our Payments in Focus newsletter.

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Sources:

  1. Atlantic Council. Central Bank Digital Currency Tracker.
  2. World Economic Forum, August 31, 2022. What are central bank digital currencies?
  3. Bank of Canada. Central bank digital currency (CBDC).
  4. Hedera. What is a stablecoin?
  5. Cointelegraph. A beginner’s guide to blockchain and cryptocurrency regulation in Canada.
  6. Canadian Business, August 16, 2022. More Retailers Are Offering Buy Now, Pay Later Options. For Shoppers, It Comes with Risk.
  7. Engadget. Affirm's pay-over-time option comes to Canada through Amazon.
  8. Nasdaq, August 18, 2021. Decoding Crypto: What Was the First Cryptocurrency and Who Created It?
  9. BBC, November 22, 2010. M-Pesa: Kenya's mobile wallet revolution.
  10. Medium, August 10, 2018. The rise of peer-to-peer (P2P) payments on mobile—What makes it such a crucial feature?
  11. BrainStation, April 15, 2016. PayPal Celebrates 10 Years in Canada, More Than Six Million Users in Country.
  12. LinkedIn, October 12, 2021. My History in Payments.
  13. Smithsonian Magazine, December 23, 2013. The Gift Card Was Invented by Blockbuster in 1994.
  14. Payments Next. Visa’s 25-year anniversary of first e-commerce payment.
  15. Investopedia, July 23, 2022. What Was the First Cryptocurrency?
  16. Diners Club. Diners Club History.
  17. Interac. Innovating for Canada’s digital economy.
  18. Cheqdin, October 17, 2019. Direct Debit Through The Ages.
  19. Marketplace, August 18, 2011. A short history of the debit card.
  20. EconoTimes, August 19, 2019. The Evolution Of Gift Cards.
  21. Western Union, October 8, 2019. 6 fascinating things about Western Union’s history.
  22. MoneyWeek, February 16, 2021. 16 February 1659: Britain’s first cheque is issued.
  23. Columbia University, Asia for Educators. China in 1000 CE.
  24. World History Encyclopedia, March 27, 2015. The Importance of the Lydian Stater as the World's First Coin.

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