20 August 2017
Dean Procter

Dean Procter

Dean Procter - Transinteract

330Posts 1,048,724Views 471Comments
Whatever...

Whatever...

A place to share stuff that isn't at all fintec related but is amusing, absurd or scary.

Credit , Debit Cards Trail Behind Cash in Oz

01 July 2009  |  2303 views  |  0

70 percent of all transactions in Australia and 75 percent of payments between $11 and $25 are made with cash.

Customers may use credit cards for reasons such as an interest free period and loyalty programs may influence a quarter of credit card transactions. Credit cards are used for around 10% of payments.

Debit cards are more popular accounting for 15% of transactions.

Loyalty schemes have no influence on debit card usage.

From an RBA study

TagsPaymentsRetail banking

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job title CEO
location Sydney
member since 2008
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Ubiquitous mobile phone based payments, ID, transaction authentication, mobile wallet and transport ticketing.

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