This week in payment news we get to feature one of our favourite headlines of the quarter, the MonerisMetrics Quarterly Report! In addition to our quarterly spend report, headlines came in from across the country, including news from Dollarama, Sephora, and even Apple Pay in the United States!
1. Holiday shopping and international transactions help boost spend in Canada by 3.0 per cent in final quarter of 2018
Yesterday, we released our MonerisMetrics Quarterly report, summarizing Canadian spend throughout the fourth quarter of 2018. As the year wrapped, Canadians spent 3.0 per cent more than 2017, with increases in interesting industries like taxi services, hobby and game stores, and even bowling alleys! This report is one of our favourites of the year, so make sure to click the link above to find out more about how and when Canadians shopped in the fourth quarter of 2018!
2. Dollarama launches online stores for bulk buying
Dollarama is making their products even more accessible to the masses with this latest news! This week Dollarama extended their online shopping websites to Canadians across the country, after launching a pilot late last year in just their Quebec market. The website targets bulk buyers, offering many of the same items you can buy in-store however selling them a case at a time.
3. ETA Member Apple Announces Target, Other Major Retailers Latest to Accept Apple Pay
Contactless payment acceptance is continuing to grow in the United States, with big news coming from Apple this week! A large group of the top retailers in the U.S. have begun to roll out the acceptance of Apple Pay, including Target, Taco Bell, and Jack in the Box. With these new retailers signing on, 74 of the top 100 retailers in the country now accept Apple Pay at their checkout lines!
4. Sephora Canada Increases Average Transaction 90% Among Alipay Users
It sounds like Sephora is really seeing the value in opening up their payment acceptance options to more international solutions! After running a joint promotion over the holiday season, the average transaction from Alipay users was up nearly 90 per cent! Sephora is one of many North American companies that are adding Alipay to their acceptance lineup, hoping to attract more Chinese tourists to their store.
To learn more of the latest headlines in the payments industry, take a look at our articles from December 24 to January 11 and December 17 to 21.