The Bank of Canada staff discussion paper titled "2021 Methods-of-Payment Survey Report" presents the results of a survey conducted by the Currency Department and Corporate Services of the Bank of Canada. The survey aimed to understand the payment methods used by Canadians and the factors influencing their choice of payment method. The authors, Christopher Henry, Matthew Shimoda, and Julia Zhu, acknowledge the collaboration of Ipsos, Statistics Canada, and Interac in implementing the survey and providing valuable inputs. The report provides insights into the use of various payment methods, including cash, debit and credit cards, and digital payments, and highlights the increasing popularity of digital payments. The authors caution that the findings may differ from official Bank of Canada views and should not be attributed to the Bank.
