The decline of cash was already evident in Australia prior to the pandemic, with the tough regulations imposed during this period causing the decline to rapidly accelerate. Cash usage has failed to rebound with many consumers and businesses having successfully transitioned to using and accepting card payments for most transactions. As a result, debit cards have witnessed sustained growth over the last three years of the review period.
Euromonitor International's Debit 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 Debit Card Transactions, Personal Debit 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 Debit 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.
Debit Cards in Australia
Euromonitor International
November 2023
List Of Contents And Tables
DEBIT CARDS IN AUSTRALIA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Consumers increasingly dependent on debit cards as cash continues to decline
Debit card usage via online channels is increasing among local consumers
Big Four banks maintain tight grip but consumers are searching for alternatives
PROSPECTS AND OPPORTUNITIES
Potential for disruption in commercial debit cards
Foreign debit card spend exceeds pre-pandemic levels and is expected to continue growing
Buy Now Pay Later regulation could force more customers back to debit cards
CATEGORY DATA
Table 1 Debit Cards: Number of Cards in Circulation 2018-2023
Table 2 Debit Cards Transactions 2018-2023
Table 3 Debit Cards in Circulation: % Growth 2018-2023