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Credit Cards in Australia

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    Report

  • 28 Pages
  • November 2023
  • Region: Australia
  • Euromonitor International
  • ID: 2321567
Amid the rising cost of living in Australia, credit spend increased significantly in 2022, while the number of transactions has continued to rise in 2023 as consumers use their credit cards for smaller, more frequent purchases. However, the number of credit cards in circulation continues to decline, indicating fewer people are applying for new credit cards every year. The increase in credit card usage is being driven by existing cardholders rather than new ones.

The Credit Card Transactions 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: Commercial Credit Card Transactions, Personal Credit Card 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 Credit Card Transactions 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

CREDIT CARDS IN AUSTRALIAKEY DATA FINDINGS
2023 DEVELOPMENTS
  • Credit card usage rises amid cost-of-living crisis
  • NAB’s acquisition of Citigroup is a significant boost to its share and position
  • New credit card accounts continue to decline as consumers choose alternative lending options
PROSPECTS AND OPPORTUNITIES
  • Credit card spend set to decline as cost of living stabilises
  • Rewards will be key component for credit cards to stand out from competition
  • Banks adopting BNPL could limit incentives for consumers to apply for a credit card
CATEGORY DATA
  • Table 1 Credit Cards: Number of Cards in Circulation 2018-2023
  • Table 2 Credit Cards Transactions 2018-2023
  • Table 3 Credit Cards in Circulation: % Growth 2018-2023
  • Table 4 Credit Cards Transactions: % Growth 2018-2023
  • Table 5 Commercial Credit Cards: Number of Cards in Circulation 2018-2023
  • Table 6 Commercial Credit Cards Transactions 2018-2023
  • Table 7 Commercial Credit Cards in Circulation: % Growth 2018-2023
  • Table 8 Commercial Credit Cards Transactions: % Growth 2018-2023
  • Table 9 Personal Credit Cards: Number of Cards in Circulation 2018-2023
  • Table 10 Personal Credit Cards Transactions 2018-2023
  • Table 11 Personal Credit Cards in Circulation: % Growth 2018-2023
  • Table 12 Personal Credit Cards Transactions: % Growth 2018-2023
  • Table 13 Credit Cards: Number of Cards by Issuer 2018-2022
  • Table 14 Credit Cards: Number of Cards by Operator 2018-2022
  • Table 15 Credit Cards Payment Transaction Value by Issuer 2018-2022
  • Table 16 Credit Cards Payment Transaction Value by Operator 2018-2022
  • Table 17 Commercial Credit Cards: Number of Cards by Issuer 2018-2022
  • Table 18 Commercial Credit Cards: Number of Cards by Operator 2018-2022
  • Table 19 Commercial Credit Cards Payment Transaction Value by Issuer 2018-2022
  • Table 20 Commercial Credit Cards Payment Transaction Value by Operator 2018-2022
  • Table 21 Personal Credit Cards: Number of Cards by Issuer 2018-2022
  • Table 22 Personal Credit Cards: Number of Cards by Operator 2018-2022
  • Table 23 Personal Credit Cards Payment Transaction Value by Issuer 2018-2022
  • Table 24 Personal Credit Cards Payment Transaction Value by Operator 2018-2022
  • Table 25 Forecast Credit Cards: Number of Cards in Circulation 2023-2028
  • Table 26 Forecast Credit Cards Transactions 2023-2028
  • Table 27 Forecast Credit Cards in Circulation: % Growth 2023-2028
  • Table 28 Forecast Credit Cards Transactions: % Growth 2023-2028
  • Table 29 Forecast Commercial Credit Cards: Number of Cards in Circulation 2023-2028
  • Table 30 Forecast Commercial Credit Cards Transactions 2023-2028
  • Table 31 Forecast Commercial Credit Cards in Circulation: % Growth 2023-2028
  • Table 32 Forecast Commercial Credit Cards Transactions: % Growth 2023-2028
  • Table 33 Forecast Personal Credit Cards: Number of Cards in Circulation 2023-2028
  • Table 34 Forecast Personal Credit Cards Transactions 2023-2028
  • Table 35 Forecast Personal Credit Cards in Circulation: % Growth 2023-2028
  • Table 36 Forecast Personal Credit Cards Transactions: % Growth 2023-2028
FINANCIAL CARDS AND PAYMENTS IN AUSTRALIA
EXECUTIVE SUMMARY
  • Financial cards and payments in 2023: The big picture
  • Buy Now Pay Later to face regulation after years of scrutiny
  • Electronic direct payments post strong growth in 2023
  • Competitive landscape
  • What next for financial cards and payments?
MARKET INDICATORS
  • Table 37 Number of POS Terminals: Units 2018-2023
  • Table 38 Number of ATMs: Units 2018-2023
  • Table 39 Value Lost to Fraud 2018-2023
  • Table 40 Card Expenditure by Location 2023
  • Table 41 Financial Cards in Circulation by Type: % Number of Cards 2018-2023
  • Table 42 Domestic versus Foreign Spend 2023
MARKET DATA
  • Table 43 Financial Cards by Category: Number of Cards in Circulation 2018-2023
  • Table 44 Financial Cards by Category: Number of Accounts 2018-2023
  • Table 45 Financial Cards Transactions by Category: Value 2018-2023
  • Table 46 Financial Cards by Category: Number of Transactions 2018-2023
  • Table 47 Consumer Payments by Category: Value 2018-2023
  • Table 48 Consumer Payments by Category: Number of Transactions 2018-2023
  • Table 49 M-Commerce by Category: Value 2018-2023
  • Table 50 M-Commerce by Category: % Value Growth 2018-2023
  • Table 51 Financial Cards: Number of Cards by Issuer 2018-2022
  • Table 52 Financial Cards: Number of Cards by Operator 2018-2022
  • Table 53 Financial Cards: Card Payment Transactions Value by Operator 2018-2022
  • Table 54 Financial Cards: Card Payment Transactions Value by Issuer 2018-2022
  • Table 55 Forecast Financial Cards by Category: Number of Cards in Circulation 2023-2028
  • Table 56 Forecast Financial Cards by Category: Number of Accounts 2023-2028
  • Table 57 Forecast Financial Cards Transactions by Category: Value 2023-2028
  • Table 58 Forecast Financial Cards by Category: Number of Transactions 2023-2028
  • Table 59 Forecast Consumer Payments by Category: Value 2023-2028
  • Table 60 Forecast Consumer Payments by Category: Number of Transactions 2023-2028
  • Table 61 Forecast M-Commerce by Category: Value 2023-2028
  • Table 62 Forecast M-Commerce by Category: % Value Growth 2023-2028
DISCLAIMER
SOURCES
  • Summary 1 Research Sources