Australian consumers continue to increasingly embrace debit cards, while credit card activity remains flat. Consumers made 177.2 million debit card transactions in October, up 15.2% from 153.8 million a year earlier, according to the Reserve Bank of Australia. Debit card sales volume increased 12%, to AU$12.1 billion (US$10.6 billion or 7.4 billion euros) from AU$10.8 billion. Credit and charge card holders made 127.3 million transactions in October, up 1.2% from the 125.8 million during the same month last year. Sales volume on those cards fell 1.5%, to AU$19.1 billion from AU$19.4 billion. Consumers in October repaid AU$19.6 billion in card debt, down 1% from AU$19.8 billion a year ago. Australia has at least 14.4 million credit cardholders and 31.2 million debit cardholders, the central bank says.
Authoritative analysis and perspective for every segment of the payments industry
Authoritative analysis and perspective for every segment of the industry
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