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Debit Cards in Australia

  • PDF Icon

    Report

  • 21 Pages
  • November 2023
  • Region: Australia
  • Euromonitor International
  • ID: 1541517
Description Jump to:
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.

The 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.

Table of Contents

DEBIT CARDS IN AUSTRALIAKEY 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
  • Table 4 Debit Cards Transactions: % Growth 2018-2023
  • Table 5 Debit Cards: Number of Cards by Issuer 2018-2022
  • Table 6 Debit Cards: Number of Cards by Operator 2018-2022
  • Table 7 Debit Cards Payment Transaction Value by Issuer 2018-2022
  • Table 8 Debit Cards Payment Transaction Value by Operator 2018-2022
  • Table 9 Forecast Debit Cards: Number of Cards in Circulation 2023-2028
  • Table 10 Forecast Debit Cards Transactions 2023-2028
  • Table 11 Forecast Debit Cards in Circulation: % Growth 2023-2028
  • Table 12 Forecast Debit Cards Transactions: % Growth 2023-2028
FINANCIAL CARDS AND PAYMENTS IN AUSTRALIA
EXECUTIVE SUMMARY
  • Financial cards and payments in 2023: The big picture
  • Buy Now Pay Later to face regulation after years of scrutiny
  • Electronic direct payments post strong growth in 2023
  • Competitive landscape
  • What next for financial cards and payments?
MARKET INDICATORS
  • Table 13 Number of POS Terminals: Units 2018-2023
  • Table 14 Number of ATMs: Units 2018-2023
  • Table 15 Value Lost to Fraud 2018-2023
  • Table 16 Card Expenditure by Location 2023
  • Table 17 Financial Cards in Circulation by Type: % Number of Cards 2018-2023
  • Table 18 Domestic versus Foreign Spend 2023
MARKET DATA
  • Table 19 Financial Cards by Category: Number of Cards in Circulation 2018-2023
  • Table 20 Financial Cards by Category: Number of Accounts 2018-2023
  • Table 21 Financial Cards Transactions by Category: Value 2018-2023
  • Table 22 Financial Cards by Category: Number of Transactions 2018-2023
  • Table 23 Consumer Payments by Category: Value 2018-2023
  • Table 24 Consumer Payments by Category: Number of Transactions 2018-2023
  • Table 25 M-Commerce by Category: Value 2018-2023
  • Table 26 M-Commerce by Category: % Value Growth 2018-2023
  • Table 27 Financial Cards: Number of Cards by Issuer 2018-2022
  • Table 28 Financial Cards: Number of Cards by Operator 2018-2022
  • Table 29 Financial Cards: Card Payment Transactions Value by Operator 2018-2022
  • Table 30 Financial Cards: Card Payment Transactions Value by Issuer 2018-2022
  • Table 31 Forecast Financial Cards by Category: Number of Cards in Circulation 2023-2028
  • Table 32 Forecast Financial Cards by Category: Number of Accounts 2023-2028
  • Table 33 Forecast Financial Cards Transactions by Category: Value 2023-2028
  • Table 34 Forecast Financial Cards by Category: Number of Transactions 2023-2028
  • Table 35 Forecast Consumer Payments by Category: Value 2023-2028
  • Table 36 Forecast Consumer Payments by Category: Number of Transactions 2023-2028
  • Table 37 Forecast M-Commerce by Category: Value 2023-2028
  • Table 38 Forecast M-Commerce by Category: % Value Growth 2023-2028
DISCLAIMER
SOURCES
  • Summary 1 Research Sources

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About the Debit Cards Market

The Debit Cards market is a financial services sector that provides customers with access to their bank accounts through the use of a debit card. Debit cards are typically issued by banks and other financial institutions, and allow customers to make purchases and withdraw cash from their accounts without having to write a check or carry cash. Debit cards are also used to make online payments, and are accepted at most retailers and online stores. Debit cards are becoming increasingly popular as a payment method, as they offer convenience and security. They are also more cost-effective than credit cards, as they do not require customers to pay interest or annual fees. Additionally, debit cards are often accepted at more locations than credit cards, making them a more versatile payment option. Some of the major companies in the Debit Cards market include Visa, Mastercard, American Express, Discover, and UnionPay. These companies offer debit cards to customers, as well as other financial services such as credit cards, prepaid cards, and online banking. Show Less Read more

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