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Country Report

Charge Card Transactions in

Charge Cards in Australia

Nov 2020

US$990

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Executive Summary

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If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

2020 IMPACT

Business usage drives charge cards, but experiences a one-off downturn in 2020 due to COVID-19

Charge cards in Australia remains a relatively small category, targeting mostly commercial customers and high-net-worth individuals with significant spending power. Most of the developments in charge cards during the review period were seen in commercial charge cards as issuers invested significantly in additional services and benefits for businesses using these types of cards.

Personal charge card holders less likely to be impacted by the economic consequences of COVID-19

While credit card companies were offering some cardholders the possibility of paying off a portion of their credit card balance in equal monthly instalments at a 0% interest rate, but with a fixed monthly fee applying instead, due to the pandemic, this did not apply to charge card holders. Charge card holders tend to be high-net-worth individuals who have been less affected by the economic impact of the pandemic and are very unlikely to face financial difficulties in the short term.

American Express expands its annual Shop Small campaign and also runs it earlier in the year

As a result of the economic consequences of the measures taken to contain the spread of the COVID-19 pandemic in Australia, American Express moved forward the launch of its annual Shop Small campaign, in an effort to start supporting local businesses before it was too late. What began a decade ago in the US in response to the Global Financial Crisis, has since evolved into an international movement that aims to encourage sales.

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Overview

Why buy this report?

Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.

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Overview

Discover the latest market trends and uncover sources of future market growth for the Charge Card Transactions industry in Australia with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Charge Card Transactions industry in Australia, our research will save you time and money while empowering you to make informed, profitable decisions.

The Charge Card Transactions in Australia market research report includes:

Analysis of key supply-side and demand trends
Detailed segmentation of international and local products
Historic volumes and values, company and brand market shares
Five year forecasts of market trends and market growth
Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

What is the market size of Charge Card Transactions in Australia?
What are the major operators and issuers in Australia?
What is the current state and expected evolution of consumer payment preference?
What payment instrument offers the highest growth potential?
What strategies and positioning have consumer finance companies utilized to win in the market?

Why buy this report?

Gain competitive intelligence about market leaders
Track key industry trends, opportunities and threats
Inform your marketing, brand, strategy and market development, sales and supply functions

Euromonitor’s industry reports, including Charge Card Transactions in Australia, originate from our database within our Consumer Finance market share and market size database

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Charge Cards in Australia - Category analysis

Charge Cards in Australia - Company Profile

KEY DATA FINDINGS

2020 IMPACT

Business usage drives charge cards, but experiences a one-off downturn in 2020 due to COVID-19

Personal charge card holders less likely to be impacted by the economic consequences of COVID-19

American Express expands its annual Shop Small campaign and also runs it earlier in the year

RECOVERY AND OPPORTUNITIES

Immediate return to positive growth expected for charge cards after 2020

Players to step up their digital efforts

Banks retrenching by focussing on their bottom line

CATEGORY DATA

Table 1 Charge Cards: Number of Cards in Circulation 2015-2020
Table 2 Charge Cards Transactions 2015-2020
Table 3 Charge Cards in Circulation: % Growth 2015-2020
Table 4 Charge Cards Transactions: % Growth 2015-2020
Table 5 Commercial Charge Cards: Number of Cards in Circulation 2015-2020
Table 6 Commercial Charge Cards Transactions 2015-2020
Table 7 Commercial Charge Cards in Circulation: % Growth 2015-2020
Table 8 Commercial Charge Cards Transactions: % Growth 2015-2020
Table 9 Personal Charge Cards: Number of Cards in Circulation 2015-2020
Table 10 Personal Charge Cards Transactions 2015-2020
Table 11 Personal Charge Cards in Circulation: % Growth 2015-2020
Table 12 Personal Charge Cards Transactions: % Growth 2015-2020
Table 13 Charge Cards: Number of Cards by Issuer 2015-2019
Table 14 Charge Cards: Number of Cards by Operator 2015-2019
Table 15 Charge Cards Payment Transaction Value by Issuer 2015-2019
Table 16 Charge Cards Payment Transaction Value by Operator 2015-2019
Table 17 Commercial Charge Cards: Number of Cards by Issuer 2015-2019
Table 18 Commercial Charge Cards: Number of Cards by Operator 2015-2019
Table 19 Commercial Charge Cards Payment Transaction Value by Issuer 2015-2019
Table 20 Commercial Charge Cards Payment Transaction Value by Operator 2015-2019
Table 21 Personal Charge Cards: Number of Cards by Issuer 2015-2019
Table 22 Personal Charge Cards: Number of Cards by Operator 2015-2019
Table 23 Personal Charge Cards Transaction Value by Issuer 2015-2019
Table 24 Personal Charge Cards Transaction Value by Operator 2015-2019
Table 25 Forecast Charge Cards: Number of Cards in Circulation 2020-2025
Table 26 Forecast Charge Cards Transactions 2020-2025
Table 27 Forecast Charge Cards in Circulation: % Growth 2020-2025
Table 28 Forecast Charge Cards Transactions: % Growth 2020-2025
Table 29 Forecast Commercial Charge Cards: Number of Cards in Circulation 2020-2025
Table 30 Forecast Commercial Charge Cards Transactions 2020-2025
Table 31 Forecast Commercial Charge Cards in Circulation: % Growth 2020-2025
Table 32 Forecast Commercial Charge Cards Transactions: % Growth 2020-2025
Table 33 Forecast Personal Charge Cards: Number of Cards in Circulation 2020-2025
Table 34 Forecast Personal Charge Cards Transactions 2020-2025
Table 35 Forecast Personal Charge Cards in Circulation: % Growth 2020-2025
Table 36 Forecast Personal Charge Cards Transactions: % Growth 2020-2025

Credit Cards in Australia - Category analysis

Credit Cards in Australia - Company Profile

KEY DATA FINDINGS

2020 IMPACT

Pandemic sees increasing use of contactless proximity payments

Dual-network cards becoming more popular in Australia

Consumers were looking to pay off existing credit card debt during the lockdowns

RECOVERY AND OPPORTUNITIES

Younger generations the main drivers of digital payments, but COVID-19 encourages greater use among all consumers

Payment schemes like Afterpay and Zip Pay taking younger consumers away from personal credit cards

Lack of brand loyalty means issuers need to target consumers’ needs, particularly among Millennials

CATEGORY DATA

Table 37 Credit Cards: Number of Cards in Circulation 2015-2020
Table 38 Credit Cards Transactions 2015-2020
Table 39 Credit Cards in Circulation: % Growth 2015-2020
Table 40 Credit Cards Transactions: % Growth 2015-2020
Table 41 Commercial Credit Cards: Number of Cards in Circulation 2015-2020
Table 42 Commercial Credit Cards Transactions 2015-2020
Table 43 Commercial Credit Cards in Circulation: % Growth 2015-2020
Table 44 Commercial Credit Cards Transactions: % Growth 2015-2020
Table 45 Personal Credit Cards: Number of Cards in Circulation 2015-2020
Table 46 Personal Credit Cards Transactions 2015-2020
Table 47 Personal Credit Cards in Circulation: % Growth 2015-2020
Table 48 Personal Credit Cards Transactions: % Growth 2015-2020
Table 49 Credit Cards: Number of Cards by Issuer 2015-2019
Table 50 Credit Cards: Number of Cards by Operator 2015-2019
Table 51 Credit Cards Payment Transaction Value by Issuer 2015-2019
Table 52 Credit Cards Payment Transaction Value by Operator 2015-2019
Table 53 Commercial Credit Cards: Number of Cards by Issuer 2015-2019
Table 54 Commercial Credit Cards: Number of Cards by Operator 2015-2019
Table 55 Commercial Credit Cards Payment Transaction Value by Issuer 2015-2019
Table 56 Commercial Credit Cards Payment Transaction Value by Operator 2015-2019
Table 57 Personal Credit Cards: Number of Cards by Issuer 2015-2019
Table 58 Personal Credit Cards: Number of Cards by Operator 2015-2019
Table 59 Personal Credit Cards Payment Transaction Value by Issuer 2015-2019
Table 60 Personal Credit Cards Payment Transaction Value by Operator 2015-2019
Table 61 Forecast Credit Cards: Number of Cards in Circulation 2020-2025
Table 62 Forecast Credit Cards Transactions 2020-2025
Table 63 Forecast Credit Cards in Circulation: % Growth 2020-2025
Table 64 Forecast Credit Cards Transactions: % Growth 2020-2025
Table 65 Forecast Commercial Credit Cards: Number of Cards in Circulation 2020-2025
Table 66 Forecast Commercial Credit Cards Transactions 2020-2025
Table 67 Forecast Commercial Credit Cards in Circulation: % Growth 2020-2025
Table 68 Forecast Commercial Credit Cards Transactions: % Growth 2020-2025
Table 69 Forecast Personal Credit Cards: Number of Cards in Circulation 2020-2025
Table 70 Forecast Personal Credit Cards Transactions 2020-2025
Table 71 Forecast Personal Credit Cards in Circulation: % Growth 2020-2025
Table 72 Forecast Personal Credit Cards Transactions: % Growth 2020-2025

Debit Cards in Australia - Category analysis

Debit Cards in Australia - Company Profile

KEY DATA FINDINGS

2020 IMPACT

Focus on transaction fees as popularity of tap-and-go payments rises during the pandemic

Pandemic drives the popularity of contactless payments over the use of cash

Shift from credit to debit as consumers face up to the economic impact of COVID-19

RECOVERY AND OPPORTUNITIES

86 400 teams up with Zip Co to enable consumers to use its app to get a full overview of their Zip accounts

Airwallex cooperating with Visa to offers consumers a borderless business card

Another of Australia’s “Big Four” banks signs up to Apple Pay

CATEGORY DATA

Table 73 Debit Cards: Number of Cards in Circulation 2015-2020
Table 74 Debit Cards Transactions 2015-2020
Table 75 Debit Cards in Circulation: % Growth 2015-2020
Table 76 Debit Cards Transactions: % Growth 2015-2020
Table 77 Debit Cards: Number of Cards by Issuer 2015-2019
Table 78 Debit Cards: Number of Cards by Operator 2015-2019
Table 79 Debit Cards Payment Transaction Value by Issuer 2015-2019
Table 80 Debit Cards Payment Transaction Value by Operator 2015-2019
Table 81 Forecast Debit Cards: Number of Cards in Circulation 2020-2025
Table 82 Forecast Debit Cards Transactions 2020-2025
Table 83 Forecast Debit Cards in Circulation: % Growth 2020-2025
Table 84 Forecast Debit Cards Transactions: % Growth 2020-2025

Pre-Paid Cards in Australia - Category analysis

Pre-Paid Cards in Australia - Company Profile

KEY DATA FINDINGS

2020 IMPACT

Gift cards’ digital capabilities are dictated by websites

New closed-loop pre-paid cards for use in independent foodservice outlets

Scammers continue to target gift cards

RECOVERY AND OPPORTUNITIES

Consumers increasingly searching for digital gift cards

Promotion of gift cards by industry associations seen as a good support measure for small and independent businesses

Combination of loyalty programmes and gift cards

CATEGORY DATA

Table 85 Pre-paid Cards: Number of Cards in Circulation 2015-2020
Table 86 Pre-paid Cards Transactions 2015-2020
Table 87 Pre-paid Cards in Circulation: % Growth 2015-2020
Table 88 Pre-paid Cards Transactions: % Growth 2015-2020
Table 89 Closed Loop Pre-paid Cards Transactions 2015-2020
Table 90 Closed Loop Pre-paid Cards Transactions: % Growth 2015-2020
Table 91 Open Loop Pre-paid Cards Transactions 2015-2020
Table 92 Open Loop Pre-paid Cards Transactions: % Growth 2015-2020
Table 93 Pre-paid Cards: Number of Cards by Issuer 2015-2019
Table 94 Pre-paid Cards: Number of Cards by Operator 2015-2019
Table 95 Pre-paid Cards Transaction Value by Issuer 2015-2019
Table 96 Pre-paid Cards Transaction Value by Operator 2015-2019
Table 97 Closed Loop Pre-paid Cards: Number of Cards by Issuer 2015-2019
Table 98 Closed Loop Pre-paid Cards: Number of Cards by Operator 2015-2019
Table 99 Closed Loop Pre-paid Cards Transaction Value by Issuer 2015-2019
Table 100 Closed Loop Pre-paid Cards Transaction Value by Operator 2015-2019
Table 101 Open Loop Pre-paid Cards: Number of Cards by Issuer 2015-2019
Table 102 Open Loop Pre-paid Cards: Number of Cards by Operator 2015-2019
Table 103 Open Loop Pre-paid Cards Transaction Value by Issuer 2015-2019
Table 104 Open Loop Pre-paid Cards Transaction Value by Operator 2015-2019
Table 105 Forecast Pre-paid Cards: Number of Cards in Circulation 2020-2025
Table 106 Forecast Pre-paid Cards Transactions 2020-2025
Table 107 Forecast Pre-paid Cards in Circulation: % Growth 2020-2025
Table 108 Forecast Pre-paid Cards Transactions: % Growth 2020-2025
Table 109 Forecast Closed Loop Pre-paid Cards Transactions 2020-2025
Table 110 Forecast Closed Loop Pre-paid Cards Transactions: % Growth 2020-2025
Table 111 Forecast Open Loop Pre-paid Cards Transactions 2020-2025
Table 112 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2020-2025

Store Cards in Australia - Category analysis

Store Cards in Australia - Company Profile

KEY DATA FINDINGS

2020 IMPACT

Store closures and limited digital capability negatively impacting store cards

Strength of e-commerce a growing threat for store cards

Lack of innovation in store cards

RECOVERY AND OPPORTUNITIES

Fuel cards still important in store cards

Buy now pay later offers a different option

New entities threatening the future of physical cards

CATEGORY DATA

Table 113 Store Cards: Number of Cards in Circulation 2015-2020
Table 114 Store Cards Transactions 2015-2020
Table 115 Store Cards in Circulation: % Growth 2015-2020
Table 116 Store Cards Transactions: % Growth 2015-2020
Table 117 Store Cards: Number of Cards by Issuer 2015-2019
Table 118 Store Cards: Payment Transaction Value by Issuer 2015-2019
Table 119 Forecast Store Cards: Number of Cards in Circulation 2020-2025
Table 120 Forecast Store Cards Transactions 2020-2025
Table 121 Forecast Store Cards in Circulation: % Growth 2020-2025
Table 122 Forecast Store Cards Transactions: % Growth 2020-2025

Financial Cards and Payments in Australia - Industry Overview

EXECUTIVE SUMMARY

COVID-19 impact on consumer payments

COVID-19 country impact

Government looks to help businesses through troubled times

Buy now pay later is a growing threat to financial cards

Smaller and more agile fintechs disrupting consumer payments

What next for consumer payments?

MARKET INDICATORS

Table 123 Number of POS Terminals: Units 2015-2020
Table 124 Number of ATMs: Units 2015-2020
Table 125 Value Lost to Fraud 2015-2020
Table 126 Card Expenditure by Location 2020
Table 127 Financial Cards in Circulation by Type: % Number of Cards 2015-2020
Table 128 Domestic versus Foreign Spend 2020

MARKET DATA

Table 129 Financial Cards by Category: Number of Cards in Circulation 2015-2020
Table 130 Financial Cards by Category: Number of Accounts 2015-2020
Table 131 Financial Cards Transactions by Category: Value 2015-2020
Table 132 Financial Cards by Category: Number of Transactions 2015-2020
Table 133 Consumer Payments by Category: Value 2015-2020
Table 134 Consumer Payments by Category: Number of Transactions 2015-2020
Table 135 M-Commerce by Category: Value 2015-2020
Table 136 M-Commerce by Category: % Value Growth 2015-2020
Table 137 Financial Cards: Number of Cards by Issuer 2015-2019
Table 138 Financial Cards: Number of Cards by Operator 2015-2019
Table 139 Financial Cards: Card Payment Transactions Value by Operator 2015-2019
Table 140 Financial Cards: Card Payment Transactions Value by Issuer 2015-2019
Table 141 Forecast Financial Cards by Category: Number of Cards in Circulation 2020-2025
Table 142 Forecast Financial Cards by Category: Number of Accounts 2020-2025
Table 143 Forecast Financial Cards Transactions by Category: Value 2020-2025
Table 144 Forecast Financial Cards by Category: Number of Transactions 2020-2025
Table 145 Forecast Consumer Payments by Category: Value 2020-2025
Table 146 Forecast Consumer Payments by Category: Number of Transactions 2020-2025
Table 147 Forecast M-Commerce by Category: Value 2020-2025
Table 148 Forecast M-Commerce by Category: % Value Growth 2020-2025

Megatrends

Country Report

Charge Cards in Australia

New Report Guarantee

Executive Summary

New Report Guarantee

2020 IMPACT

Business usage drives charge cards, but experiences a one-off downturn in 2020 due to COVID-19

Personal charge card holders less likely to be impacted by the economic consequences of COVID-19

American Express expands its annual Shop Small campaign and also runs it earlier in the year

Overview

Why buy this report?

SAMPLES

Delivery Method

Overview

Why buy this report?

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Table of Contents

Charge Cards in Australia - Category analysis

Charge Cards in Australia - Company Profile

KEY DATA FINDINGS

2020 IMPACT

Business usage drives charge cards, but experiences a one-off downturn in 2020 due to COVID-19

Personal charge card holders less likely to be impacted by the economic consequences of COVID-19

American Express expands its annual Shop Small campaign and also runs it earlier in the year

RECOVERY AND OPPORTUNITIES

Immediate return to positive growth expected for charge cards after 2020

Players to step up their digital efforts

Banks retrenching by focussing on their bottom line

CATEGORY DATA

Credit Cards in Australia - Category analysis

Credit Cards in Australia - Company Profile

KEY DATA FINDINGS

2020 IMPACT

Pandemic sees increasing use of contactless proximity payments

Dual-network cards becoming more popular in Australia

Consumers were looking to pay off existing credit card debt during the lockdowns

RECOVERY AND OPPORTUNITIES

Younger generations the main drivers of digital payments, but COVID-19 encourages greater use among all consumers

Payment schemes like Afterpay and Zip Pay taking younger consumers away from personal credit cards

Lack of brand loyalty means issuers need to target consumers’ needs, particularly among Millennials

CATEGORY DATA

Debit Cards in Australia - Category analysis

Debit Cards in Australia - Company Profile

KEY DATA FINDINGS

2020 IMPACT

Focus on transaction fees as popularity of tap-and-go payments rises during the pandemic

Pandemic drives the popularity of contactless payments over the use of cash

Shift from credit to debit as consumers face up to the economic impact of COVID-19

RECOVERY AND OPPORTUNITIES

86 400 teams up with Zip Co to enable consumers to use its app to get a full overview of their Zip accounts

Airwallex cooperating with Visa to offers consumers a borderless business card

Another of Australia’s “Big Four” banks signs up to Apple Pay

CATEGORY DATA

Pre-Paid Cards in Australia - Category analysis

Pre-Paid Cards in Australia - Company Profile

KEY DATA FINDINGS

2020 IMPACT

Gift cards’ digital capabilities are dictated by websites

New closed-loop pre-paid cards for use in independent foodservice outlets

Scammers continue to target gift cards

RECOVERY AND OPPORTUNITIES

Consumers increasingly searching for digital gift cards

Promotion of gift cards by industry associations seen as a good support measure for small and independent businesses

Combination of loyalty programmes and gift cards

CATEGORY DATA

Store Cards in Australia - Category analysis

Store Cards in Australia - Company Profile

KEY DATA FINDINGS

2020 IMPACT

Store closures and limited digital capability negatively impacting store cards

Strength of e-commerce a growing threat for store cards

Lack of innovation in store cards

RECOVERY AND OPPORTUNITIES

Fuel cards still important in store cards

Buy now pay later offers a different option

New entities threatening the future of physical cards

CATEGORY DATA

Financial Cards and Payments in Australia - Industry Overview

EXECUTIVE SUMMARY