"The growth we're seeing in Canadians' eagerness to go cashless is significant," said Darrell MacMullin, managing director, PayPal Canada. "In Canada, 2012 marks the year that we've moved well beyond the tipping point towards embracing a digital future. Canadians understand that a digital wallet can be a safer and smarter way to pay and get paid."

More than four million Canadians already have PayPal accounts which enable them to go cashless today, by offering a safer and more secure digital wallet service. Canadians already use PayPal to pay and get paid using their bank account, credit cards and PayPal balance from their computer, smartphone or virtually any Internet-connected device.

Canadian's can also rely on PayPal's mobile app to help manage their money on the go. According to the survey, 56 per cent of Canadians are more likely to forgive and forget when someone owes them money for an everyday purchase, rather than follow-up about it. The "request money" feature on PayPal's app is an easy way to ask a friend or group of people for the money that is owed. Similarly, the app's "send money" feature is perfect for people that don't like the idea of owing anyone money - more than half (54 per cent) of survey respondents pay back small debts immediately. With PayPal sending money to friends and family in Canada is free if the transfer is funded by a PayPal balance or bank account.

PayPal is the safer way to pay and get paid on mobile devices - security and privacy are built into the service. PayPal doesn't store personal or financial details on any device, and never shares details such as a credit card number, bank account number or PayPal balance with merchants. All transactions take place in PayPal's secure environment.