The number of personal credit cards in circulation in Australia was on a downward trend at the beginning of the review period as consumers reduced their use of credit for purchases and elected to use Buy Now Pay Later (BNPL) services when wanting to make a delayed payment on a purchase. However, in both 2023 and 2024, the number of personal credit cards in circulation had marginally increased, as well as the number and value of transactions made with credit cards. With the cost of living being a...
Euromonitor International's Credit Card Transactions in Australia report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit cards, charge cards, pre-paid cards and store cards. It looks at key players in the market (issuers and operators), number of cards in circulation, numbers transactions and value of transactions. It offers strategic analysis of sector forecasts and trends to watch.
Product coverage: Commercial Credit Card Transactions, Personal Credit Card Transactions.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report? * Get a detailed picture of the Credit Card Transactions market; * Pinpoint growth sectors and identify factors driving change; * Understand the competitive environment, the market’s major players and leading brands; * Use five-year forecasts to assess how the market is predicted to develop.
Credit Cards in Australia
Euromonitor International
November 2024
List Of Contents And Tables
CREDIT CARDS IN AUSTRALIA
KEY DATA FINDINGS
2024 DEVELOPMENTS
Increasing use of credit cards as high cost of living impacts consumer behaviour
Some older Australians face difficulties in applying for credit cards
Outstanding credit card balance marginally declines as consumers focus on repaying debts
PROSPECTS AND OPPORTUNITIES
Number and value of personal credit transactions set to steadily grow as more consumers apply for a credit card
Tighter regulation for BNPL services makes credit cards a viable option for consumers
Commercial credit cards set to grow as number of new businesses rises
CATEGORY DATA
Table 1 Credit Cards: Number of Cards in Circulation 2019-2024
Table 2 Credit Cards Transactions 2019-2024
Table 3 Credit Cards in Circulation: % Growth 2019-2024