The number of debit card payments grows about five per cent every year in Canada, an increase seen in the latest round of Boxing Day shopping compared to last year, Interac Association said on Friday.
Canadians used their debit cards for 6.7 million transactions worth $350 million on Dec. 26, the debit network said.
An average daily volume can range anywhere between seven and 12 million swipes.
"The [Boxing Day] number is on target with our usual volume," said Interac spokesperson Tina Romano. "Interac payments grow about five per cent every year, so it meets our expectations."
The association recorded Dec. 21 as this year's busiest shopping day, with 15.6 million transactions worth more than $840 million processed on a single day.
On that day, Canadians used the cards the most at supermarkets and specialty clothing stores.
"Canadians are among the highest users of debit worldwide," said Romano. "Last year, Canadians made more than three billion Interac Direct Payment transactions worth $148 billion, and each year this number continues to rise."
The debit card is the preferred method of payment for one out of two Canadians and there are more than 35 million debit cards in circulation in Canada, according to the association.
Share Tools
Top News Headlines
- Adele wins best album, best record Grammys
- Adele capped off a "life-changing" year by winning six Grammys Sunday night, including record of the year and album of the year for 21 more »
- Hit and run victim's family fears accused will walk
- The family of a young mother killed in a hit and run is outraged that the case against the alleged driver is among thousands in B.C. at risk of being thrown out because of a huge court backlog. more »
- CBC launches digital music service
- CBC is diving into the world of online music with the goal of providing listeners access to their favourite tunes and a way to discover new artists and connect with fellow music fans. more »
- Whitney Houston death shows no signs of trauma
- Whitney Houston's life of glorious song and unnerving self-destruction apparently ended on Grammy weekend, but it could be weeks before investigators know exactly why she died. more »
- Adele wins best album, best record Grammys
- Whitney Houston autopsy results withheld
- Hit and run victim's family fears accused will walk
- Quebec town 'heartbroken' after killing of woman, sisters
- Pop queen Whitney Houston dies at 48
- Manitoba man dies after falling off moving SUV
- 2 vehicles sink on river highway
- Doors blocked in fatal Manitoba trailer blaze
- Greece passes new austerity deal amid rioting
