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Country Report

Credit Card Transactions in

Credit Cards in Australia

22 pages, Jan 2019

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

International credit card purchases and foreign currency conversion fees scrutinised

The government in Australia has directed the Australian Competition and Consumer Commission (ACCC) to investigate high international credit card purchases and foreign currency conversion fees and report back recommendations in 2019. Based on Euromonitor International’s travel system, Australians made nearly 20 million outbound departures in 2018 and are often stung by high fees charged by the banks.

Credit card contactless payment for transport networks will steadily grow in popularity

Over the review period, trials for passengers in Sydney to use their contactless financial cards to pay for travel on public transportation were extended to trains. Contactless payments using physical financial cards, smartphones or wearable devices have become synonymous with paying and the expansion of contactless payments will make the Sydney transport experience more convenient for locals and tourists.

Regulations tightened for credit card application

Credit card repayments continue to be a talking point in Australia and existing cardholders are taking advantage of promotional zero-interest balance transfer or higher limits to move their credit card debt around. In an inquiry completed by the Australian Securities & Investments Commission (ASIC) by looking into 21.

COMPETITIVE LANDSCAPE

Banks looking for ways to provide better perks to entice consumers

In 2017, the Reserve Bank of Australia introduced cuts on interchange fee regulations to stop merchants from overcharging customers, which resulted in reductions in points per dollar earnings rates for rewards programmes and caps on monthly spending that is eligible to earn points across most credit cards in Australia. Furthermore, debit cards and other alternative payment types grew in popularity amongst millennials as they offer some benefits with minimal annual fees and an easier signup process.

Are days for traditional banking numbered?

The banking environment is in the midst of disruption and traditional banks in the industry are threatened by P2P, buy-now-pay-later payment schemes and digital-only banking. Over the review period, neobanks such as Xinja and Revolut were major talking points in the banking industry and they are expected to take share from long-standing players in the financial cards market.

More cobranded cards entering the market

Kogan made news in November 2018 with the launch of one new cobranded credit card. Kogan is known as one of Australia’s premier internet retailers and its decision to offer a cobranded credit card signals its intention to continue to push into new services that further expand its relationship with customers.

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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.

SAMPLES

FAQS ABOUT SAMPLES

Delivery Method

Instant download.

Overview

Discover the latest market trends and uncover sources of future market growth for the Credit 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 Credit Card Transactions industry in Australia, our research will save you time and money while empowering you to make informed, profitable decisions.

The Credit 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 Credit 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 Credit 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

HEADLINES

PROSPECTS

Not many developments seen within charge cards

Charge cards cater more to businesses

Interest in charge cards unlikely to appeal to the masses

COMPETITIVE LANDSCAPE

More perks for holders of charge cards

American Express offers compelling and competitive charge card products

CATEGORY DATA

Table 1 Charge Cards: Number of Cards in Circulation 2013-2018
Table 2 Charge Cards Transactions 2013-2018
Table 3 Charge Cards in Circulation: % Growth 2013-2018
Table 4 Charge Cards Transactions: % Growth 2013-2018
Table 5 Commercial Charge Cards: Number of Cards in Circulation 2013-2018
Table 6 Commercial Charge Cards Transactions 2013-2018
Table 7 Commercial Charge Cards in Circulation: % Growth 2013-2018
Table 8 Commercial Charge Cards Transactions: % Growth 2013-2018
Table 9 Personal Charge Cards: Number of Cards in Circulation 2013-2018
Table 10 Personal Charge Cards Transactions 2013-2018
Table 11 Personal Charge Cards in Circulation: % Growth 2013-2018
Table 12 Personal Charge Cards Transactions: % Growth 2013-2018
Table 13 Charge Cards: Number of Cards by Issuer 2013-2017
Table 14 Charge Cards: Number of Cards by Operator 2013-2017
Table 15 Charge Cards Payment Transaction Value by Issuer 2013-2017
Table 16 Charge Cards Payment Transaction Value by Operator 2013-2017
Table 17 Commercial Charge Cards: Number of Cards by Issuer 2013-2017
Table 18 Commercial Charge Cards: Number of Cards by Operator 2013-2017
Table 19 Commercial Charge Cards Payment Transaction Value by Issuer 2013-2017
Table 20 Commercial Charge Cards Payment Transaction Value by Operator 2013-2017
Table 21 Personal Charge Cards: Number of Cards by Issuer 2013-2017
Table 22 Personal Charge Cards: Number of Cards by Operator 2013-2017
Table 23 Personal Charge Cards Transaction Value by Issuer 2013-2017
Table 24 Personal Charge Cards Transaction Value by Operator 2013-2017
Table 25 Forecast Charge Cards: Number of Cards in Circulation 2018-2023
Table 26 Forecast Charge Cards Transactions 2018-2023
Table 27 Forecast Charge Cards in Circulation: % Growth 2018-2023
Table 28 Forecast Charge Cards Transactions: % Growth 2018-2023
Table 29 Forecast Commercial Charge Cards: Number of Cards in Circulation 2018-2023
Table 30 Forecast Commercial Charge Cards Transactions 2018-2023
Table 31 Forecast Commercial Charge Cards in Circulation: % Growth 2018-2023
Table 32 Forecast Commercial Charge Cards Transactions: % Growth 2018-2023
Table 33 Forecast Personal Charge Cards: Number of Cards in Circulation 2018-2023
Table 34 Forecast Personal Charge Cards Transactions 2018-2023
Table 35 Forecast Personal Charge Cards in Circulation: % Growth 2018-2023
Table 36 Forecast Personal Charge Cards Transactions: % Growth 2018-2023

Credit Cards in Australia - Category analysis

Credit Cards in Australia - Company Profile

HEADLINES

PROSPECTS

International credit card purchases and foreign currency conversion fees scrutinised

Credit card contactless payment for transport networks will steadily grow in popularity

Regulations tightened for credit card application

COMPETITIVE LANDSCAPE

Banks looking for ways to provide better perks to entice consumers

Are days for traditional banking numbered?

More cobranded cards entering the market

CATEGORY DATA

Table 37 Credit Cards: Number of Cards in Circulation 2013-2018
Table 38 Credit Cards Transactions 2013-2018
Table 39 Credit Cards in Circulation: % Growth 2013-2018
Table 40 Credit Cards Transactions: % Growth 2013-2018
Table 41 Commercial Credit Cards: Number of Cards in Circulation 2013-2018
Table 42 Commercial Credit Cards Transactions 2013-2018
Table 43 Commercial Credit Cards in Circulation: % Growth 2013-2018
Table 44 Commercial Credit Cards Transactions: % Growth 2013-2018
Table 45 Personal Credit Cards: Number of Cards in Circulation 2013-2018
Table 46 Personal Credit Cards Transactions 2013-2018
Table 47 Personal Credit Cards in Circulation: % Growth 2013-2018
Table 48 Personal Credit Cards Transactions: % Growth 2013-2018
Table 49 Credit Cards: Number of Cards by Issuer 2013-2017
Table 50 Credit Cards: Number of Cards by Operator 2013-2017
Table 51 Credit Cards Payment Transaction Value by Issuer 2013-2017
Table 52 Credit Cards Payment Transaction Value by Operator 2013-2017
Table 53 Commercial Credit Cards: Number of Cards by Issuer 2013-2017
Table 54 Commercial Credit Cards: Number of Cards by Operator 2013-2017
Table 55 Commercial Credit Cards Payment Transaction Value by Issuer 2013-2017
Table 56 Commercial Credit Cards Payment Transaction Value by Operator 2013-2017
Table 57 Personal Credit Cards: Number of Cards by Issuer 2013-2017
Table 58 Personal Credit Cards: Number of Cards by Operator 2013-2017
Table 59 Personal Credit Cards Payment Transaction Value by Issuer 2013-2017
Table 60 Personal Credit Cards Payment Transaction Value by Operator 2013-2017
Table 61 Forecast Credit Cards: Number of Cards in Circulation 2018-2023
Table 62 Forecast Credit Cards Transactions 2018-2023
Table 63 Forecast Credit Cards in Circulation: % Growth 2018-2023
Table 64 Forecast Credit Cards Transactions: % Growth 2018-2023
Table 65 Forecast Commercial Credit Cards: Number of Cards in Circulation 2018-2023
Table 66 Forecast Commercial Credit Cards Transactions 2018-2023
Table 67 Forecast Commercial Credit Cards in Circulation: % Growth 2018-2023
Table 68 Forecast Commercial Credit Cards Transactions: % Growth 2018-2023
Table 69 Forecast Personal Credit Cards: Number of Cards in Circulation 2018-2023
Table 70 Forecast Personal Credit Cards Transactions 2018-2023
Table 71 Forecast Personal Credit Cards in Circulation: % Growth 2018-2023
Table 72 Forecast Personal Credit Cards Transactions: % Growth 2018-2023

Debit Cards in Australia - Category analysis

Debit Cards in Australia - Company Profile

HEADLINES

PROSPECTS

Wearable electronics are increasingly popular amongst Australians

Debit cards is the new battleground for banks

Cost of processing “tap and go” payments made on debit cards

COMPETITIVE LANDSCAPE

Banks must embrace fintech in payments tech race

Fee waiver for using ATMs seen as positive initiative...

...but cash is set to become a niche payment method

CATEGORY DATA

Table 73 Debit Cards: Number of Cards in Circulation 2013-2018
Table 74 Debit Cards Transactions 2013-2018
Table 75 Debit Cards in Circulation: % Growth 2013-2018
Table 76 Debit Cards Transactions: % Growth 2013-2018
Table 77 Debit Cards: Number of Cards by Issuer 2013-2017
Table 78 Debit Cards: Number of Cards by Operator 2013-2017
Table 79 Debit Cards Payment Transaction Value by Issuer 2013-2017
Table 80 Debit Cards Payment Transaction Value by Operator 2013-2017
Table 81 Forecast Debit Cards: Number of Cards in Circulation 2018-2023
Table 82 Forecast Debit Cards Transactions 2018-2023
Table 83 Forecast Debit Cards in Circulation: % Growth 2018-2023
Table 84 Forecast Debit Cards Transactions: % Growth 2018-2023

Pre-Paid Cards in Australia - Category analysis

Pre-Paid Cards in Australia - Company Profile

HEADLINES

PROSPECTS

Travel cards an important driver for the future of prepaid cards

Gift cards under greater scrutiny

Trials for contactless financial cards extended to trains in NSW

COMPETITIVE LANDSCAPE

Fintech start-ups disrupting prepaid cards

Prepaid cards marketed for specific uses

CATEGORY DATA

Table 85 Pre-paid Cards: Number of Cards in Circulation 2013-2018
Table 86 Pre-paid Cards Transactions 2013-2018
Table 87 Pre-paid Cards in Circulation: % Growth 2013-2018
Table 88 Pre-paid Cards Transactions: % Growth 2013-2018
Table 89 Closed Loop Pre-paid Cards Transactions 2013-2018
Table 90 Closed Loop Pre-paid Cards Transactions: % Growth 2013-2018
Table 91 Open Loop Pre-paid Cards Transactions 2013-2018
Table 92 Open Loop Pre-paid Cards Transactions: % Growth 2013-2018
Table 93 Pre-paid Cards: Number of Cards by Issuer 2013-2017
Table 94 Pre-paid Cards: Number of Cards by Operator 2013-2017
Table 95 Pre-paid Cards Transaction Value by Issuer 2013-2017
Table 96 Pre-paid Cards Transaction Value by Operator 2013-2017
Table 97 Closed Loop Pre-paid Cards: Number of Cards by Issuer 2013-2017
Table 98 Closed Loop Pre-paid Cards: Number of Cards by Operator 2013-2017
Table 99 Closed Loop Pre-paid Cards Transaction Value by Issuer 2013-2017
Table 100 Closed Loop Pre-paid Cards Transaction Value by Operator 2013-2017
Table 101 Open Loop Pre-paid Cards: Number of Cards by Issuer 2013-2017
Table 102 Open Loop Pre-paid Cards: Number of Cards by Operator 2013-2017
Table 103 Open Loop Pre-paid Cards Transaction Value by Issuer 2013-2017
Table 104 Open Loop Pre-paid Cards Transaction Value by Operator 2013-2017
Table 105 Forecast Pre-paid Cards: Number of Cards in Circulation 2018-2023
Table 106 Forecast Pre-paid Cards Transactions 2018-2023
Table 107 Forecast Pre-paid Cards in Circulation: % Growth 2018-2023
Table 108 Forecast Pre-paid Cards Transactions: % Growth 2018-2023
Table 109 Forecast Closed Loop Pre-paid Cards Transactions 2018-2023
Table 110 Forecast Closed Loop Pre-paid Cards Transactions: % Growth 2018-2023
Table 111 Forecast Open Loop Pre-paid Cards Transactions 2018-2023
Table 112 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2018-2023

Store Cards in Australia - Category analysis

Store Cards in Australia - Company Profile

HEADLINES

PROSPECTS

Store cards losing popularity quickly

Little innovation seen with store cards

COMPETITIVE LANDSCAPE

Fuel cards account for majority of store card transactions

Buy-now-pay-later payment schemes are preferred

CATEGORY DATA

Table 113 Store Cards: Number of Cards in Circulation 2013-2018
Table 114 Store Cards Transactions 2013-2018
Table 115 Store Cards in Circulation: % Growth 2013-2018
Table 116 Store Cards Transactions: % Growth 2013-2018
Table 117 Store Cards: Number of Cards by Issuer 2013-2017
Table 118 Store Cards: Payment Transaction Value by Issuer 2013-2017
Table 119 Forecast Store Cards: Number of Cards in Circulation 2018-2023
Table 120 Forecast Store Cards Transactions 2018-2023
Table 121 Forecast Store Cards in Circulation: % Growth 2018-2023
Table 122 Forecast Store Cards Transactions: % Growth 2018-2023

Financial Cards and Payments in Australia - Industry Overview

EXECUTIVE SUMMARY

The financial cards and payments industry is undergoing a digital revolution

Subdued wages growth triggers a slowdown in household spending

Talks on abolishing interchange fees

Online card fraud becoming rampant

Reserve Bank of Australia declares the era of cash is over

MARKET INDICATORS

Table 123 Number of POS Terminals: Units 2013-2018
Table 124 Number of ATMs: Units 2013-2018
Table 125 Value Lost to Fraud 2013-2018
Table 126 Card Expenditure by Location 2017
Table 127 Financial Cards in Circulation by Type: % Number of Cards 2013-2018
Table 128 Domestic versus Foreign Spend 2018

MARKET DATA

Table 129 Financial Cards by Category: Number of Cards in Circulation 2013-2018
Table 130 Financial Cards by Category: Number of Accounts 2013-2018
Table 131 Financial Cards Transactions by Category: Value 2013-2018
Table 132 Financial Cards by Category: Number of Transactions 2013-2018
Table 133 Consumer Payments by Category: Value 2013-2018
Table 134 Consumer Payments by Category: Number of Transactions 2013-2018
Table 135 M-Commerce by Category: Value 2013-2018
Table 136 M-Commerce by Category: % Value Growth 2013-2018
Table 137 Financial Cards: Number of Cards by Issuer 2013-2017
Table 138 Financial Cards: Number of Cards by Operator 2013-2017
Table 139 Financial Cards: Card Payment Transactions Value by Operator 2013-2017
Table 140 Financial Cards: Card Payment Transactions Value by Issuer 2013-2017
Table 141 Forecast Financial Cards by Category: Number of Cards in Circulation 2018-2023
Table 142 Forecast Financial Cards by Category: Number of Accounts 2018-2023
Table 143 Forecast Financial Cards Transactions by Category: Value 2018-2023
Table 144 Forecast Financial Cards by Category: Number of Transactions 2018-2023
Table 145 Forecast Consumer Payments by Category: Value 2018-2023
Table 146 Forecast Consumer Payments by Category: Number of Transactions 2018-2023
Table 147 Forecast M-Commerce by Category: Value 2018-2023
Table 148 Forecast M-Commerce by Category: % Value Growth 2018-2023

Megatrends

Country Report

Credit Cards in Australia

New Report Guarantee

Executive Summary

New Report Guarantee

PROSPECTS

International credit card purchases and foreign currency conversion fees scrutinised

Credit card contactless payment for transport networks will steadily grow in popularity

Regulations tightened for credit card application

COMPETITIVE LANDSCAPE

Banks looking for ways to provide better perks to entice consumers

Are days for traditional banking numbered?

More cobranded cards entering the market

Overview

Why buy this report?

SAMPLES

Delivery Method

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

Not many developments seen within charge cards

Charge cards cater more to businesses

Interest in charge cards unlikely to appeal to the masses

COMPETITIVE LANDSCAPE

More perks for holders of charge cards

American Express offers compelling and competitive charge card products

CATEGORY DATA

Credit Cards in Australia - Category analysis

Credit Cards in Australia - Company Profile

HEADLINES

PROSPECTS

International credit card purchases and foreign currency conversion fees scrutinised

Credit card contactless payment for transport networks will steadily grow in popularity

Regulations tightened for credit card application

COMPETITIVE LANDSCAPE

Banks looking for ways to provide better perks to entice consumers

Are days for traditional banking numbered?

More cobranded cards entering the market

CATEGORY DATA

Debit Cards in Australia - Category analysis

Debit Cards in Australia - Company Profile

HEADLINES

PROSPECTS

Wearable electronics are increasingly popular amongst Australians

Debit cards is the new battleground for banks

Cost of processing “tap and go” payments made on debit cards

COMPETITIVE LANDSCAPE

Banks must embrace fintech in payments tech race

Fee waiver for using ATMs seen as positive initiative...

...but cash is set to become a niche payment method

CATEGORY DATA

Pre-Paid Cards in Australia - Category analysis

Pre-Paid Cards in Australia - Company Profile

HEADLINES

PROSPECTS

Travel cards an important driver for the future of prepaid cards

Gift cards under greater scrutiny

Trials for contactless financial cards extended to trains in NSW

COMPETITIVE LANDSCAPE

Fintech start-ups disrupting prepaid cards

Prepaid cards marketed for specific uses

CATEGORY DATA

Store Cards in Australia - Category analysis

Store Cards in Australia - Company Profile

HEADLINES

PROSPECTS

Store cards losing popularity quickly

Little innovation seen with store cards

COMPETITIVE LANDSCAPE

Fuel cards account for majority of store card transactions

Buy-now-pay-later payment schemes are preferred

CATEGORY DATA

Financial Cards and Payments in Australia - Industry Overview

EXECUTIVE SUMMARY