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Country Report

Charge Card Transactions in

Charge Cards in Australia

21 pages, Jan 2018

US$990

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Executive Summary

New Report Guarantee

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

PROSPECTS

Challenging forecast period for charge cards

The performance of charge cards diminished over the review period, with growing demand for virtual bank account solutions impacting current value growth. It is also widely understood that small to medium sized businesses are preferring commercial credit or debit cards for business-to-business payments.

Exclusivity appeals to personal charge card owners

Charge cards remains a small card payment area in Australia that targets mostly commercial customers and high-net worth individuals. Despite the enticing services and high rewards points per dollar offered by issuers of these charge cards, extremely high annual fees are a big deterrent for most consumers.

Rewards programme helps attract business consumers

Many small to medium-size enterprises use card reward programmes to help create and fund a rewards-based culture to boost employee retention by turning points into gifts such as gift vouchers for employees. Charge cards offer one of the highest point per dollar ratios, which is appealing for businesses as it is an innovative and cost-efficient way to deliver rewards to employees in recognition of their hard work.

COMPETITIVE LANDSCAPE

Expensive annual fees impacting American Express

American Express remained the dominant operator within charge cards in Australia over the review period. The company’s target consumer base is businesses and high-net worth individuals willing to pay high annual fees in exchange for exclusivity and premium and personalised services, thus setting it apart from other credit cards.

Focus on improving offers and services

While this may have been the case in previous years, credit card issuers that partner with rival network providers in Australia, which target affluent consumers, are rapidly improving their products and services, which are rivalling American Express offerings. With Visa and MasterCard gaining share among high-value consumers and American Express expanding its credit offerings, it is possible that merchant fees will fall over the coming years.

Diners Club remains niche player in Australia

Citibank’s Diners Club continues to cater to a niche group of consumers in Australia. The Reserve Bank of Australia’s (RBA) decision to cut interchange fees means that many credit and charge cards issuers are forced to reduce their points per dollar ratio to sustain a profitable business.

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Overview

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Charge Cards in Australia - Category analysis

Charge Cards in Australia - Company Profile

HEADLINES

PROSPECTS

Challenging forecast period for charge cards

Exclusivity appeals to personal charge card owners

Rewards programme helps attract business consumers

COMPETITIVE LANDSCAPE

Expensive annual fees impacting American Express

Focus on improving offers and services

Diners Club remains niche player in Australia

CATEGORY DATA

Table 1 Charge Cards: Number of Cards in Circulation 2012-2017
Table 2 Charge Cards Transactions 2012-2017
Table 3 Charge Cards in Circulation: % Growth 2012-2017
Table 4 Charge Cards Transactions: % Growth 2012-2017
Table 5 Commercial Charge Cards: Number of Cards in Circulation 2012-2017
Table 6 Commercial Charge Cards Transactions 2012-2017
Table 7 Commercial Charge Cards in Circulation: % Growth 2012-2017
Table 8 Commercial Charge Cards Transactions: % Growth 2012-2017
Table 9 Personal Charge Cards: Number of Cards in Circulation 2012-2017
Table 10 Personal Charge Cards Transactions 2012-2017
Table 11 Personal Charge Cards in Circulation: % Growth 2012-2017
Table 12 Personal Charge Cards Transactions: % Growth 2012-2017
Table 13 Charge Cards: Number of Cards by Issuer 2012-2016
Table 14 Charge Cards: Number of Cards by Operator 2012-2016
Table 15 Charge Cards Payment Transaction Value by Issuer 2012-2016
Table 16 Charge Cards Payment Transaction Value by Operator 2012-2016
Table 17 Commercial Charge Cards: Number of Cards by Issuer 2012-2016
Table 18 Commercial Charge Cards: Number of Cards by Operator 2012-2016
Table 19 Commercial Charge Cards Payment Transaction Value by Issuer 2012-2016
Table 20 Commercial Charge Cards Payment Transaction Value by Operator 2012-2016
Table 21 Personal Charge Cards: Number of Cards by Issuer 2012-2016
Table 22 Personal Charge Cards: Number of Cards by Operator 2012-2016
Table 23 Personal Charge Cards Transaction Value by Issuer 2012-2016
Table 24 Personal Charge Cards Transaction Value by Operator 2012-2016
Table 25 Forecast Charge Cards: Number of Cards in Circulation 2017-2022
Table 26 Forecast Charge Cards Transactions 2017-2022
Table 27 Forecast Charge Cards in Circulation: % Growth 2017-2022
Table 28 Forecast Charge Cards Transactions: % Growth 2017-2022
Table 29 Forecast Commercial Charge Cards: Number of Cards in Circulation 2017-2022
Table 30 Forecast Commercial Charge Cards Transactions 2017-2022
Table 31 Forecast Commercial Charge Cards in Circulation: % Growth 2017-2022
Table 32 Forecast Commercial Charge Cards Transactions: % Growth 2017-2022
Table 33 Forecast Personal Charge Cards: Number of Cards in Circulation 2017-2022
Table 34 Forecast Personal Charge Cards Transactions 2017-2022
Table 35 Forecast Personal Charge Cards in Circulation: % Growth 2017-2022
Table 36 Forecast Personal Charge Cards Transactions: % Growth 2017-2022

Credit Cards in Australia - Category analysis

Credit Cards in Australia - Company Profile

HEADLINES

PROSPECTS

Reward points slashed as part of credit card overhaul, prompting new strategies by issuers

Increased scrutiny of credit card surcharges

Growing contactless culture to process consumer payments

COMPETITIVE LANDSCAPE

Fintech companies complementing and threatening credit cards

Investment in state of the art technology

New companion card regulations reduce competitiveness of American Express credit cards

CATEGORY DATA

Table 37 Credit Cards: Number of Cards in Circulation 2012-2017
Table 38 Credit Cards Transactions 2012-2017
Table 39 Credit Cards in Circulation: % Growth 2012-2017
Table 40 Credit Cards Transactions: % Growth 2012-2017
Table 41 Commercial Credit Cards: Number of Cards in Circulation 2012-2017
Table 42 Commercial Credit Cards Transactions 2012-2017
Table 43 Commercial Credit Cards in Circulation: % Growth 2012-2017
Table 44 Commercial Credit Cards Transactions: % Growth 2012-2017
Table 45 Personal Credit Cards: Number of Cards in Circulation 2012-2017
Table 46 Personal Credit Cards Transactions 2012-2017
Table 47 Personal Credit Cards in Circulation: % Growth 2012-2017
Table 48 Personal Credit Cards Transactions: % Growth 2012-2017
Table 49 Credit Cards: Number of Cards by Issuer 2012-2016
Table 50 Credit Cards: Number of Cards by Operator 2012-2016
Table 51 Credit Cards Payment Transaction Value by Issuer 2012-2016
Table 52 Credit Cards Payment Transaction Value by Operator 2012-2016
Table 53 Commercial Credit Cards: Number of Cards by Issuer 2012-2016
Table 54 Commercial Credit Cards: Number of Cards by Operator 2012-2016
Table 55 Commercial Credit Cards Payment Transaction Value by Issuer 2012-2016
Table 56 Commercial Credit Cards Payment Transaction Value by Operator 2012-2016
Table 57 Personal Credit Cards: Number of Cards by Issuer 2012-2016
Table 58 Personal Credit Cards: Number of Cards by Operator 2012-2016
Table 59 Personal Credit Cards Payment Transaction Value by Issuer 2012-2016
Table 60 Personal Credit Cards Payment Transaction Value by Operator 2012-2016
Table 61 Forecast Credit Cards: Number of Cards in Circulation 2017-2022
Table 62 Forecast Credit Cards Transactions 2017-2022
Table 63 Forecast Credit Cards in Circulation: % Growth 2017-2022
Table 64 Forecast Credit Cards Transactions: % Growth 2017-2022
Table 65 Forecast Commercial Credit Cards: Number of Cards in Circulation 2017-2022
Table 66 Forecast Commercial Credit Cards Transactions 2017-2022
Table 67 Forecast Commercial Credit Cards in Circulation: % Growth 2017-2022
Table 68 Forecast Commercial Credit Cards Transactions: % Growth 2017-2022
Table 69 Forecast Personal Credit Cards: Number of Cards in Circulation 2017-2022
Table 70 Forecast Personal Credit Cards Transactions 2017-2022
Table 71 Forecast Personal Credit Cards in Circulation: % Growth 2017-2022
Table 72 Forecast Personal Credit Cards Transactions: % Growth 2017-2022

Debit Cards in Australia - Category analysis

Debit Cards in Australia - Company Profile

HEADLINES

PROSPECTS

“Tap and Go” payments gaining popularity

Millennials prefer debit cards

Debit cards represent potential source of competition for premium services

COMPETITIVE LANDSCAPE

No ATM withdrawal fees from Big Four Australian banks

Three Australian banks developing proprietary mobile payment apps

Offering of free and instant payments

CATEGORY DATA

Table 73 Debit Cards: Number of Cards in Circulation 2012-2017
Table 74 Debit Cards Transactions 2012-2017
Table 75 Debit Cards in Circulation: % Growth 2012-2017
Table 76 Debit Cards Transactions: % Growth 2012-2017
Table 77 Debit Cards: Number of Cards by Issuer 2012-2016
Table 78 Debit Cards: Number of Cards by Operator 2012-2016
Table 79 Debit Cards Payment Transaction Value by Issuer 2012-2016
Table 80 Debit Cards Payment Transaction Value by Operator 2012-2016
Table 81 Forecast Debit Cards: Number of Cards in Circulation 2017-2022
Table 82 Forecast Debit Cards Transactions 2017-2022
Table 83 Forecast Debit Cards in Circulation: % Growth 2017-2022
Table 84 Forecast Debit Cards Transactions: % Growth 2017-2022

Pre-Paid Cards in Australia - Category analysis

Pre-Paid Cards in Australia - Company Profile

HEADLINES

PROSPECTS

Growing presence of pre-paid cards in Australia

Transportation cards potentially left behind

Closed loop pre-paid cards dominated by transport and gift cards

COMPETITIVE LANDSCAPE

Lower barrier of entry to obtain pre-paid cards

Increasing competition

Pre-paid cards expected to remain fragmented

CATEGORY DATA

Table 85 Pre-paid Cards: Number of Cards in Circulation 2012-2017
Table 86 Pre-paid Cards Transactions 2012-2017
Table 87 Pre-paid Cards in Circulation: % Growth 2012-2017
Table 88 Pre-paid Cards Transactions: % Growth 2012-2017
Table 89 Closed Loop Pre-paid Cards Transactions 2012-2017
Table 90 Closed Loop Pre-paid Cards Transactions: % Growth 2012-2017
Table 91 Open Loop Pre-paid Cards Transactions 2012-2017
Table 92 Open Loop Pre-paid Cards Transactions: % Growth 2012-2017
Table 93 Pre-paid Cards: Number of Cards by Issuer 2012-2016
Table 94 Pre-paid Cards: Number of Cards by Operator 2012-2016
Table 95 Pre-paid Cards Transaction Value by Issuer 2012-2016
Table 96 Pre-paid Cards Transaction Value by Operator 2012-2016
Table 97 Closed Loop Pre-paid Cards: Number of Cards by Issuer 2012-2016
Table 98 Closed Loop Pre-paid Cards: Number of Cards by Operator 2012-2016
Table 99 Closed Loop Pre-paid Cards Transaction Value by Issuer 2012-2016
Table 100 Closed Loop Pre-paid Cards Transaction Value by Operator 2012-2016
Table 101 Open Loop Pre-paid Cards: Number of Cards by Issuer 2012-2016
Table 102 Open Loop Pre-paid Cards: Number of Cards by Operator 2012-2016
Table 103 Open Loop Pre-paid Cards Transaction Value by Issuer 2012-2016
Table 104 Open Loop Pre-paid Cards Transaction Value by Operator 2012-2016
Table 105 Forecast Pre-paid Cards: Number of Cards in Circulation 2017-2022
Table 106 Forecast Pre-paid Cards Transactions 2017-2022
Table 107 Forecast Pre-paid Cards in Circulation: % Growth 2017-2022
Table 108 Forecast Pre-paid Cards Transactions: % Growth 2017-2022
Table 109 Forecast Closed Loop Pre-paid Cards Transactions 2017-2022
Table 110 Forecast Closed Loop Pre-paid Cards Transactions: % Growth 2017-2022
Table 111 Forecast Open Loop Pre-paid Cards Transactions 2017-2022
Table 112 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2017-2022

Store Cards in Australia - Category analysis

Store Cards in Australia - Company Profile

HEADLINES

PROSPECTS

Equifax breach unlikely to have direct impact on store card account growth

Loyalty card programmes and other additional features take centre stage to entice consumers

Store cards losing popularity

COMPETITIVE LANDSCAPE

David Jones remains leading card issuer

Credit and debit cards more popular than store cards

Shift away from store cards to continue

CATEGORY DATA

Table 113 Store Cards: Number of Cards in Circulation 2012-2017
Table 114 Store Cards Transactions 2012-2017
Table 115 Store Cards in Circulation: % Growth 2012-2017
Table 116 Store Cards Transactions: % Growth 2012-2017
Table 117 Store Cards: Number of Cards by Issuer 2012-2016
Table 118 Store Cards: Payment Transaction Value by Issuer 2012-2016
Table 119 Forecast Store Cards: Number of Cards in Circulation 2017-2022
Table 120 Forecast Store Cards Transactions 2017-2022
Table 121 Forecast Store Cards in Circulation: % Growth 2017-2022
Table 122 Forecast Store Cards Transactions: % Growth 2017-2022

Financial Cards and Payments in Australia - Industry Overview

EXECUTIVE SUMMARY

Card payment transactions experience strong growth in 2017

Mobile payments gaining popularity

Rise of wearable devices

Cryptocurrency a growing talking point

Technology companies threatening traditional retail banks

MARKET INDICATORS

Table 123 Number of POS Terminals: Units 2012-2017
Table 124 Number of ATMs: Units 2012-2017
Table 125 Value Lost to Fraud 2012-2017
Table 126 Card Expenditure by Location 2017
Table 127 Financial Cards in Circulation by Type: % Number of Cards 2012-2017
Table 128 Domestic versus Foreign Spend 2017

MARKET DATA

Table 129 Financial Cards by Category: Number of Cards in Circulation 2012-2017
Table 130 Financial Cards by Category: Number of Accounts 2012-2017
Table 131 Financial Cards Transactions by Category: Value 2012-2017
Table 132 Financial Cards by Category: Number of Transactions 2012-2017
Table 133 Consumer Payments by Category: Value 2012-2017
Table 134 Consumer Payments by Category: Number of Transactions 2012-2017
Table 135 M-Commerce by Category: Value 2013-2017
Table 136 M-Commerce by Category: % Value Growth 2013-2017
Table 137 Financial Cards: Number of Cards by Issuer 2012-2016
Table 138 Financial Cards: Number of Cards by Operator 2012-2016
Table 139 Financial Cards: Card Payment Transactions Value by Operator 2012-2016
Table 140 Financial Cards: Card Payment Transactions Value by Issuer 2012-2016
Table 141 Forecast Financial Cards by Category: Number of Cards in Circulation 2017-2022
Table 142 Forecast Financial Cards by Category: Number of Accounts 2017-2022
Table 143 Forecast Financial Cards Transactions by Category: Value 2017-2022
Table 144 Forecast Financial Cards by Category: Number of Transactions 2017-2022
Table 145 Forecast Consumer Payments by Category: Value 2017-2022
Table 146 Forecast Consumer Payments by Category: Number of Transactions 2017-2022
Table 147 Forecast M-Commerce by Category: Value 2017-2022
Table 148 Forecast M-Commerce by Category: % Value Growth 2017-2022

Megatrends

Country Report

Charge Cards in Australia

New Report Guarantee

Executive Summary

New Report Guarantee

PROSPECTS

Challenging forecast period for charge cards

Exclusivity appeals to personal charge card owners

Rewards programme helps attract business consumers

COMPETITIVE LANDSCAPE

Expensive annual fees impacting American Express

Focus on improving offers and services

Diners Club remains niche player in Australia

Overview

Why buy this report?

Want to find out more about this report?

Table of Contents

Charge Cards in Australia - Category analysis

Charge Cards in Australia - Company Profile

HEADLINES

PROSPECTS

Challenging forecast period for charge cards

Exclusivity appeals to personal charge card owners

Rewards programme helps attract business consumers

COMPETITIVE LANDSCAPE

Expensive annual fees impacting American Express

Focus on improving offers and services

Diners Club remains niche player in Australia

CATEGORY DATA

Credit Cards in Australia - Category analysis

Credit Cards in Australia - Company Profile

HEADLINES

PROSPECTS

Reward points slashed as part of credit card overhaul, prompting new strategies by issuers

Increased scrutiny of credit card surcharges

Growing contactless culture to process consumer payments

COMPETITIVE LANDSCAPE

Fintech companies complementing and threatening credit cards

Investment in state of the art technology

New companion card regulations reduce competitiveness of American Express credit cards

CATEGORY DATA

Debit Cards in Australia - Category analysis

Debit Cards in Australia - Company Profile

HEADLINES

PROSPECTS

“Tap and Go” payments gaining popularity

Millennials prefer debit cards

Debit cards represent potential source of competition for premium services

COMPETITIVE LANDSCAPE

No ATM withdrawal fees from Big Four Australian banks

Three Australian banks developing proprietary mobile payment apps

Offering of free and instant payments

CATEGORY DATA

Pre-Paid Cards in Australia - Category analysis

Pre-Paid Cards in Australia - Company Profile

HEADLINES

PROSPECTS

Growing presence of pre-paid cards in Australia

Transportation cards potentially left behind

Closed loop pre-paid cards dominated by transport and gift cards

COMPETITIVE LANDSCAPE

Lower barrier of entry to obtain pre-paid cards

Increasing competition

Pre-paid cards expected to remain fragmented

CATEGORY DATA

Store Cards in Australia - Category analysis

Store Cards in Australia - Company Profile

HEADLINES

PROSPECTS

Equifax breach unlikely to have direct impact on store card account growth

Loyalty card programmes and other additional features take centre stage to entice consumers

Store cards losing popularity

COMPETITIVE LANDSCAPE

David Jones remains leading card issuer

Credit and debit cards more popular than store cards

Shift away from store cards to continue

CATEGORY DATA

Financial Cards and Payments in Australia - Industry Overview

EXECUTIVE SUMMARY