Community
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
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
John Bertrand MD at Tec 8 Limited
06 June
Ben O'Brien Managing Director at Jaywing
05 June
Dominic Mensah Director Strategic Accounts at Lakeside Software
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
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