As we continue to move in the direction of becoming a cashless society, consumers and businesses are starting to make adjustments so they can adapt.
Eighty-five per cent of Canadian consumers are now paying with either debit or credit on a regular basis.
“It’s definitely a lot more tap and a lot more Apple pay, Google pay, that kind of payment,” says Janice Urniezius, owner of Park Line Coffee on Osborne Street.
According to the Retail Council of Canada, only 15 per cent of retail consumers regularly pay with cash.
“You constantly hear of consumers that have no cash on them and may not have cash for days because of how easy it is to tap a debit card or a credit card,” explains John Graham, director of government relations for the Retail Council of Canada.