The payments landscape in Australia has not witnessed many significant shifts in 2024, with key consumer trends from the previous year continuing. The majority of consumers are still making their payments using debit cards, although value growth via this payment method has notably slowed in favour of credit cards, reflecting the tough economic situation many Australians are experiencing.
The Financial Cards and Payments 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: Financial Cards in Circulation, Mobile Payments, Transactions.
Data coverage: Market sizes (historic and forecasts), company shares, brand shares and distribution data.
The Financial Cards and Payments 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: Financial Cards in Circulation, Mobile Payments, 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 Financial Cards and Payments 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
EXECUTIVE SUMMARY
- Financial cards and payments in 2024: The big picture
- Growth in online shopping reflected in shift towards payments made with no card holder present
- Public transport ticketing developments to give consumers greater flexibility in how they pay
- Competitive landscape
- What next for financial cards and payments?
MARKET INDICATORS
- Table 1 Number of POS Terminals: Units 2019-2024
- Table 2 Number of ATMs: Units 2019-2024
- Table 3 Value Lost to Fraud 2019-2024
- Table 4 Card Expenditure by Location 2024
- Table 5 Financial Cards in Circulation by Type: % Number of Cards 2019-2024
- Table 6 Domestic versus Foreign Spend 2024
MARKET DATA
- Table 7 Financial Cards by Category: Number of Cards in Circulation 2019-2024
- Table 8 Financial Cards by Category: Number of Accounts 2019-2024
- Table 9 Financial Cards Transactions by Category: Value 2019-2024
- Table 10 Financial Cards by Category: Number of Transactions 2019-2024
- Table 11 Consumer Payments by Category: Value 2019-2024
- Table 12 Consumer Payments by Category: Number of Transactions 2019-2024
- Table 13 M-Commerce by Category: Value 2019-2024
- Table 14 M-Commerce by Category: % Value Growth 2019-2024
- Table 15 Financial Cards: Number of Cards by Issuer 2019-2023
- Table 16 Financial Cards: Number of Cards by Operator 2019-2023
- Table 17 Financial Cards: Card Payment Transactions Value by Operator 2019-2023
- Table 18 Financial Cards: Card Payment Transactions Value by Issuer 2019-2023
- Table 19 Forecast Financial Cards by Category: Number of Cards in Circulation 2024-2029
- Table 20 Forecast Financial Cards by Category: Number of Accounts 2024-2029
- Table 21 Forecast Financial Cards Transactions by Category: Value 2024-2029
- Table 22 Forecast Financial Cards by Category: Number of Transactions 2024-2029
- Table 23 Forecast Consumer Payments by Category: Value 2024-2029
- Table 24 Forecast Consumer Payments by Category: Number of Transactions 2024-2029
- Table 25 Forecast M-Commerce by Category: Value 2024-2029
- Table 26 Forecast M-Commerce by Category: % Value Growth 2024-2029
SOURCES
- Summary 1 Research Sources
2024 DEVELOPMENTS
- Rising number of debit cards in circulation but retail value growth slows as consumers grow cautious with their spending
- Value lost to fraud continues to rise, creating new opportunities for financial service providers
- Limited competition in debit card space as major banks continue to dominate
PROSPECTS AND OPPORTUNITIES
- Value of debit card transactions to notably rise as spending improves
- Trend of ethical living an opportunity for smaller banks as consumers look for “cleaner” investment options
- Australian government plans to regulate surcharges on card payments
CATEGORY DATA
- Table 27 Debit Cards: Number of Cards in Circulation 2019-2024
- Table 28 Debit Cards Transactions 2019-2024
- Table 29 Debit Cards in Circulation: % Growth 2019-2024
- Table 30 Debit Cards Transactions: % Growth 2019-2024
- Table 31 Debit Cards: Number of Cards by Issuer 2019-2023
- Table 32 Debit Cards: Number of Cards by Operator 2019-2023
- Table 33 Debit Cards Payment Transaction Value by Issuer 2019-2023
- Table 34 Debit Cards Payment Transaction Value by Operator 2019-2023
- Table 35 Forecast Debit Cards: Number of Cards in Circulation 2024-2029
- Table 36 Forecast Debit Cards Transactions 2024-2029
- Table 37 Forecast Debit Cards in Circulation: % Growth 2024-2029
- Table 38 Forecast Debit Cards Transactions: % Growth 2024-2029
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 39 Credit Cards: Number of Cards in Circulation 2019-2024
- Table 40 Credit Cards Transactions 2019-2024
- Table 41 Credit Cards in Circulation: % Growth 2019-2024
- Table 42 Credit Cards Transactions: % Growth 2019-2024
- Table 43 Commercial Credit Cards: Number of Cards in Circulation 2019-2024
- Table 44 Commercial Credit Cards Transactions 2019-2024
- Table 45 Commercial Credit Cards in Circulation: % Growth 2019-2024
- Table 46 Commercial Credit Cards Transactions: % Growth 2019-2024
- Table 47 Personal Credit Cards: Number of Cards in Circulation 2019-2024
- Table 48 Personal Credit Cards Transactions 2019-2024
- Table 49 Personal Credit Cards in Circulation: % Growth 2019-2024
- Table 50 Personal Credit Cards Transactions: % Growth 2019-2024
- Table 51 Credit Cards: Number of Cards by Issuer 2019-2023
- Table 52 Credit Cards: Number of Cards by Operator 2019-2023
- Table 53 Credit Cards Payment Transaction Value by Issuer 2019-2023
- Table 54 Credit Cards Payment Transaction Value by Operator 2019-2023
- Table 55 Commercial Credit Cards: Number of Cards by Issuer 2019-2023
- Table 56 Commercial Credit Cards: Number of Cards by Operator 2019-2023
- Table 57 Commercial Credit Cards Payment Transaction Value by Issuer 2019-2023
- Table 58 Commercial Credit Cards Payment Transaction Value by Operator 2019-2023
- Table 59 Personal Credit Cards: Number of Cards by Issuer 2019-2023
- Table 60 Personal Credit Cards: Number of Cards by Operator 2019-2023
- Table 61 Personal Credit Cards Payment Transaction Value by Issuer 2019-2023
- Table 62 Personal Credit Cards Payment Transaction Value by Operator 2019-2023
- Table 63 Forecast Credit Cards: Number of Cards in Circulation 2024-2029
- Table 64 Forecast Credit Cards Transactions 2024-2029
- Table 65 Forecast Credit Cards in Circulation: % Growth 2024-2029
- Table 66 Forecast Credit Cards Transactions: % Growth 2024-2029
- Table 67 Forecast Commercial Credit Cards: Number of Cards in Circulation 2024-2029
- Table 68 Forecast Commercial Credit Cards Transactions 2024-2029
- Table 69 Forecast Commercial Credit Cards in Circulation: % Growth 2024-2029
- Table 70 Forecast Commercial Credit Cards Transactions: % Growth 2024-2029
- Table 71 Forecast Personal Credit Cards: Number of Cards in Circulation 2024-2029
- Table 72 Forecast Personal Credit Cards Transactions 2024-2029
- Table 73 Forecast Personal Credit Cards in Circulation: % Growth 2024-2029
- Table 74 Forecast Personal Credit Cards Transactions: % Growth 2024-2029
2024 DEVELOPMENTS
- Rising usage of charge cards despite decline in number of new cards
- Diners Club exits market, leaving American Express as main provider of charge cards in Australia
- Charge cards is mature with no competition and limited innovation
PROSPECTS AND OPPORTUNITIES
- Steady growth predicted for charge cards over forecast period, driven by commercial segment
- Number of charge cards in circulation set to decline
- Travel-focused benefits of charge cards key for usage
CATEGORY DATA
- Table 75 Charge Cards: Number of Cards in Circulation 2019-2024
- Table 76 Charge Cards Transactions 2019-2024
- Table 77 Charge Cards in Circulation: % Growth 2019-2024
- Table 78 Charge Cards Transactions: % Growth 2019-2024
- Table 79 Commercial Charge Cards: Number of Cards in Circulation 2019-2024
- Table 80 Commercial Charge Cards Transactions 2019-2024
- Table 81 Commercial Charge Cards in Circulation: % Growth 2019-2024
- Table 82 Commercial Charge Cards Transactions: % Growth 2019-2024
- Table 83 Personal Charge Cards: Number of Cards in Circulation 2019-2024
- Table 84 Personal Charge Cards Transactions 2019-2024
- Table 85 Personal Charge Cards in Circulation: % Growth 2019-2024
- Table 86 Personal Charge Cards Transactions: % Growth 2019-2024
- Table 87 Charge Cards: Number of Cards by Issuer 2019-2023
- Table 88 Charge Cards: Number of Cards by Operator 2019-2023
- Table 89 Charge Cards Payment Transaction Value by Issuer 2019-2023
- Table 90 Charge Cards Payment Transaction Value by Operator 2019-2023
- Table 91 Commercial Charge Cards: Number of Cards by Issuer 2019-2023
- Table 92 Commercial Charge Cards: Number of Cards by Operator 2019-2023
- Table 93 Commercial Charge Cards Payment Transaction Value by Issuer 2019-2023
- Table 94 Commercial Charge Cards Payment Transaction Value by Operator 2019-2023
- Table 95 Personal Charge Cards: Number of Cards by Issuer 2019-2023
- Table 96 Personal Charge Cards: Number of Cards by Operator 2019-2023
- Table 97 Personal Charge Cards Transaction Value by Issuer 2019-2023
- Table 98 Personal Charge Cards Transaction Value by Operator 2019-2023
- Table 99 Forecast Charge Cards: Number of Cards in Circulation 2024-2029
- Table 100 Forecast Charge Cards Transactions 2024-2029
- Table 101 Forecast Charge Cards in Circulation: % Growth 2024-2029
- Table 102 Forecast Charge Cards Transactions: % Growth 2024-2029
- Table 103 Forecast Commercial Charge Cards: Number of Cards in Circulation 2024-2029
- Table 104 Forecast Commercial Charge Cards Transactions 2024-2029
- Table 105 Forecast Commercial Charge Cards in Circulation: % Growth 2024-2029
- Table 106 Forecast Commercial Charge Cards Transactions: % Growth 2024-2029
- Table 107 Forecast Personal Charge Cards: Number of Cards in Circulation 2024-2029
- Table 108 Forecast Personal Charge Cards Transactions 2024-2029
- Table 109 Forecast Personal Charge Cards in Circulation: % Growth 2024-2029
- Table 110 Forecast Personal Charge Cards Transactions: % Growth 2024-2029
2024 DEVELOPMENTS
- Transportation cards help drive growth of closed loop due to slow rollout of debit card payments for public transport
- Regular return to the office helps support usage
- Challenges for open loop pre-paid cards linked to gifting and travel
PROSPECTS AND OPPORTUNITIES
- Closed loop to help drive steady demand for pre-paid cards
- Future transportation developments within pre-paid cards
- Despite setbacks, pre-paid travel cards offer opportunities
CATEGORY DATA
- Table 111 Pre-paid Cards: Number of Cards in Circulation 2019-2024
- Table 112 Pre-paid Cards Transactions 2019-2024
- Table 113 Pre-paid Cards in Circulation: % Growth 2019-2024
- Table 114 Pre-paid Cards Transactions: % Growth 2019-2024
- Table 115 Closed Loop Pre-paid Cards Transactions 2019-2024
- Table 116 Closed Loop Pre-paid Cards Transactions: % Growth 2019-2024
- Table 117 Open Loop Pre-paid Cards Transactions 2019-2024
- Table 118 Open Loop Pre-paid Cards Transactions: % Growth 2019-2024
- Table 119 Pre-paid Cards: Number of Cards by Issuer 2019-2023
- Table 120 Pre-paid Cards: Number of Cards by Operator 2019-2023
- Table 121 Pre-paid Cards Transaction Value by Issuer 2019-2023
- Table 122 Pre-paid Cards Transaction Value by Operator 2019-2023
- Table 123 Closed Loop Pre-paid Cards: Number of Cards by Issuer 2019-2023
- Table 124 Closed Loop Pre-paid Cards: Number of Cards by Operator 2019-2023
- Table 125 Closed Loop Pre-paid Cards Transaction Value by Issuer 2019-2023
- Table 126 Closed Loop Pre-paid Cards Transaction Value by Operator 2019-2023
- Table 127 Open Loop Pre-paid Cards: Number of Cards by Issuer 2019-2023
- Table 128 Open Loop Pre-paid Cards: Number of Cards by Operator 2019-2023
- Table 129 Open Loop Pre-paid Cards Transaction Value by Issuer 2019-2023
- Table 130 Open Loop Pre-paid Cards Transaction Value by Operator 2019-2023
- Table 131 Forecast Pre-paid Cards: Number of Cards in Circulation 2024-2029
- Table 132 Forecast Pre-paid Cards Transactions 2024-2029
- Table 133 Forecast Pre-paid Cards in Circulation: % Growth 2024-2029
- Table 134 Forecast Pre-paid Cards Transactions: % Growth 2024-2029
- Table 135 Forecast Closed Loop Pre-paid Cards Transactions 2024-2029
- Table 136 Forecast Closed Loop Pre-paid Cards Transactions: % Growth 2024-2029
- Table 137 Forecast Open Loop Pre-paid Cards Transactions 2024-2029
- Table 138 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2024-2029
2024 DEVELOPMENTS
- Stagnation for store cards in an extremely competitive payment landscape
- Wide range of payment methods gives consumers flexibility
PROSPECTS AND OPPORTUNITIES
- Restrictive nature of store cards to limit growth potential with changing attitudes towards loyalty
- Co-branded credit cards a more attractive route for store card providers
CATEGORY DATA
- Table 139 Store Cards: Number of Cards in Circulation 2019-2024
- Table 140 Store Cards Transactions 2019-2024
- Table 141 Store Cards in Circulation: % Growth 2019-2024
- Table 142 Store Cards Transactions: % Growth 2019-2024
- Table 143 Store Cards: Number of Cards by Issuer 2019-2023
- Table 144 Store Cards: Payment Transaction Value by Issuer 2019-2023
- Table 145 Forecast Store Cards: Number of Cards in Circulation 2024-2029
- Table 146 Forecast Store Cards Transactions 2024-2029
- Table 147 Forecast Store Cards in Circulation: % Growth 2024-2029
- Table 148 Forecast Store Cards Transactions: % Growth 2024-2029