Stats show that millennials prefer to use debit cards to credit cards for their purchases. Millennials are the first generation to grow up with debit cards, which may explain this pattern. Several findings prove that this generation isn't fond of credit products. The reasons for this may be many, but the top may be controlling spending and fear of debt. This lack and hesitance to use a credit card among millennials is causing them more harm than good in the long run.
The Royal Bank of Canada is on a "collision course" with companies like Apple and Google over the future of mobile banking
Media giant Rogers recently teamed up with CIBC to create the country's first mobile wallet payment system. The company approached
Digital wallets are on their way to replacing their leather counterparts for many Canadians within the next two years, according