Fintech firm, daVinci Funds, launched a nationwide examine in partnership with theCanadian Pay as you go Suppliers Group, outlining howCanadians make and obtain funds and the ensuing impact on future procuring intentions.
The “Way forward for Funds Canada” examine, carried out August 6-7, 2020, pinpoints how shelter-in-place has affected fee habits and the affect these modifications could have on the 2020 vacation procuring season and past.
“The spike in on-line procuring and cell funds pushed by COVID-19 is happening throughout all ages,” David Josephs, CEO, daVinciFunds mentioned within the launch. “Conventional fee strategies like credit score, debit and pay as you go playing cards are as widespread as ever, however swiping bodily playing cards themselves is giving solution to new type components like cell wallets, apps and contactless funds,” Josephs mentioned.
The examine’s launch coincides with daVinci Funds’ launch of its Push Pay product in Canada, which permits people and companies to maneuver funds immediately into their bank account through a debit card.