The Cards and Payments Industry in Australia: Emerging Trends and Opportunities to 2020

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Published: August 12, 2016 Report Code: VR1118MR-ST

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GlobalData’s 'The Cards and Payments Industry in Australia: Emerging Trends and Opportunities to 2020' report provides a detailed analysis of market trends in the Australian cards and payments industry. It provides values and volumes for a number of key performance indicators, including direct debits, check payments, payment cards, cash transactions and credit transfers during the review period (2011–2015).

The report also analyzes various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, and transaction values and volumes during the review period and over the forecast period (2016–2020). It also offers information on the country's competitive landscape, including the market shares of issuers and schemes.

The report brings together GlobalData’s research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers details of regulatory policy and recent changes in regulatory structure.

Scope

• This report provides a comprehensive analysis of the Australian cards and payments industry.

• It provides current values for the Australian cards and payments industry for 2015, and forecast figures to 2020.

• It details the different demographic, economic, infrastructural and business drivers affecting the Australian cards and payments industry.

• It outlines the current regulatory framework in the industry.

• It details marketing strategies used by various banks and other institutions.

Key Highlights

How is the uptake of alternative payments among Australian consumers gaining traction? Which options are available? Who recently entered the Australian market in collaboration with American Express and Citibank? Which solution was launched by National Australia Bank (NAB)? What did ANZ Bank launch within a month of NAB’s initiative? Which global alternative payment solutions are available in the Australian market?

Which mobile network operator is capitalizing on the growing popularity of contactless payments? What is this operator adding to its mobile payments platform? What has the Commonwealth Bank of Australia (CBA) launched for Android smartphone users? What is the service based on? What is Australia’s most widely used electronic payments system? When did this system join the contactless payments movement?

What measures has the Reserve Bank of Australia (RBA) – the central bank – implemented to regulate excessive surcharges on credit and debit card payments? What benefits are anticipated to result from the new regulation? When will the new regulation become effective for both large and other merchants in Australia?

Reasons to Buy

• Make strategic business decisions, using top-level historic and forecast market data, related to the Australian cards and payments industry and each market within it.

• Understand the key market trends and growth opportunities in the Australian cards and payments industry.

• Assess the competitive dynamics in the Australian cards and payments industry.

• Gain insights into marketing strategies used for various card types in Australia.

• Gain insights into key regulations governing the Australian cards and payments industry.

Commonwealth Bank of Australia
Westpac Banking Corporation
National Australia Bank
ANZ Bank
Citibank Australia
American Express Australia
Eftpos
Visa
MasterCard
Diners Club

Table of Contents

1 DEFINITIONS AND METHODOLOGY

1.1 Definitions

1.2 Methodology

2 KEY FACTS AND HIGHLIGHTS

3 EXECUTIVE SUMMARY

4 PAYMENT INSTRUMENTS

4.1 Current Payment Environment

5 E-COMMERCE AND ALTERNATIVE PAYMENTS

5.1 E-Commerce Market Analysis

5.2 Alternative Payment Solutions

5.2.1 PayPal

5.2.2 Apple Pay

5.2.3 Android Pay

5.2.4 Samsung Pay

5.2.5 Master Pass

5.2.6 Visa Checkout

5.2.7 Bpay

5.2.8 ANZ Mobile Pay

5.2.9 NAB Pay

5.2.10 POLi Payments

5.2.11 Paymate

5.2.12 Cash by Optus

6 REGULATIONS IN THE CARDS AND PAYMENTS INDUSTRY

6.1 Regulatory Framework

6.2 Anti-Money Laundering (AML)

6.3 Foreign Direct Investment (FDI) Regulations

7 ANALYSIS OF CARDS AND PAYMENTS INDUSTRY DRIVERS

8 MARKET SEGMENTATION AND NEW PRODUCT LAUNCHES

8.1 Market Segmentation and Targeting

8.1.1 Consumer cards

8.1.2 Commercial cards

8.2 New Product Launches

9 PAYMENT CARDS

9.1 Payment Cards Market Analysis

9.1.1 Volume and value of payment card transactions by type

10 DEBIT CARDS

10.1 Debit Cards Market Analysis

10.1.1 Turnover per debit card and transaction values by channel

10.1.2 Debit card scheme and issuer shares in terms of transaction value

10.1.3 Debit cards comparison

11 PAY LATER CARDS

11.1 Pay Later Cards Market Analysis

11.1.1 Turnover per pay later card and transaction values by channel

11.1.2 Pay later card scheme and issuer shares in terms of transaction value

11.1.3 Pay Later cards comparison

12 COMMERCIAL PAY LATER CARDS

12.1 Commercial Pay Later Cards Market Analysis

12.1.1 Commercial pay later cards comparison

13 CARD FRAUD STATISTICS

14 CARD ISSUERS

14.1 Commonwealth Bank of Australia

14.2 Westpac Banking Corporation

14.3 National Australia Bank

14.4 ANZ Bank

14.5 Citibank Australia

14.6 American Express

15 PREPAID CARDS

15.1 Prepaid Card Market Analysis

15.1.1 Prepaid cards comparison

16 MERCHANT ACQUIRING

17 APPENDIX

17.1 Tables

17.2 Contact GlobalData

17.3 About GlobalData

17.4 GlobalData’s Services

17.5 Disclaimer

Table

Table 1: Key Definitions

Table 2: Annual Average Exchange Rate

Table 3: Australia – Key Facts, 2015

Table 4: Regional Benchmarking of Australia’s Payment Cards, 2015

Table 5: Australia – Mode of Entry of Foreign Banks

Table 6: Cards for High-Income Consumers, 2016

Table 7: Balance Transfer Credit Cards, 2016

Table 8: Cards for Travelers, 2016

Table 9: Cards for Shoppers, 2016

Table 10: Cards for Students and Young Population, 2016

Table 11: Commercial Cards Comparison and Key Features, 2016

Table 12: Australia – New Product Launches

Table 13: Australia – Debit Cards Comparison and Key Features, 2016

Table 14: Australia – Gold Credit Cards Comparison and Key Features, 2016

Table 15: Australia – Premium Credit Cards Comparison and Key Features, 2016

Table 16: Australia – Charge Cards Comparison and Key Features, 2016

Table 17: Australia – Commercial Pay Later Cards Comparison and Key Features, 2016

Table 18: Australia – Prepaid Cards Comparison and Key Features, 2016

Table 19: Australia – Payment Instrument Transaction Values (AUD Trillion), 2011–2015

Table 20: Australia – Payment Instrument Transaction Values (US$ Billion), 2011–2015

Table 21: Australia – Payment Instrument Transaction Volumes (Billion), 2011–2015

Table 22: Australia – Number of Payment Cards in Circulation by Type (Million), 2011–2020

Table 23: Australia – Volume of Payment Card Transactions by Type (Million), 2011–2020

Table 24: Australia – Value of Payment Card Transactions by Type (AUD Billion), 2011–2020

Table 25: Australia – Value of Payment Card Transactions by Type (US$ Billion), 2011–2020

Table 26: Australia – Number of Debit Cards in Circulation (Million), 2011–2020

Table 27: Australia – Debit Card Transaction Volumes and Frequency by Channel, 2011–2020

Table 28: Australia – Debit Card Total and Average Transaction Values by Channel, 2011–2020

Table 29: Australia – Debit Card Total and Average Transaction Values by Channel, 2011–2020

Table 30: Australia – Number of Debit Cards in Circulation by Scheme (Million), 2011–2015

Table 31: Australia – Debit Card Transaction Values by Scheme (AUD Billion), 2011–2015

Table 32: Australia – Debit Card Transaction Values by Scheme (US$ Billion), 2011–2015

Table 33: Australia – Debit Card Transaction Values by Issuer (AUD Billion), 2011–2015

Table 34: Australia – Debit Card Transaction Values by Issuer (US$ Billion), 2011–2015

Table 35: Australia – Number of Pay Later Cards in Circulation (Million), 2011–2020

Table 36: Australia – Pay Later Card Transaction Volumes and Frequency by Channel, 2011–2020

Table 37: Australia – Pay Later Card Total and Average Transaction Values by Channel, 2011–2020

Table 38: Australia – Pay Later Card Total and Average Transaction Values by Channel, 2011–2020

Table 39: Australia – Number of Pay Later Cards in Circulation by Scheme (Million), 2011–2015

Table 40: Australia – Pay Later Card Transaction Values by Scheme (AUD Billion), 2011–2015

Table 41: Australia – Pay Later Card Transaction Values by Scheme (US$ Billion), 2011–2015

Table 42: Australia – Pay Later Card Transaction Values by Issuer (AUD Billion), 2011–2015

Table 43: Australia – Pay Later Card Transaction Values by Issuer (US$ Billion), 2011–2015

Table 44: Australia – Number of Credit Cards in Circulation (Million), 2011–2020

Table 45: Australia – Credit Card Transaction Volumes and Frequency by Channel, 2011–2020

Table 46: Australia – Credit Card Total and Average Transaction Values by Channel, 2011–2020

Table 47: Australia – Credit Card Total and Average Transaction Values by Channel, 2011–2020

Table 48: Australia – Number of Credit Cards in Circulation by Scheme (Million), 2011–2015

Table 49: Australia – Credit Card Transaction Values by Scheme (AUD Billion), 2011–2015

Table 50: Australia – Credit Card Transaction Values by Scheme (US$ Billion), 2011–2015

Table 51: Australia – Number of Charge Cards in Circulation (Million), 2011–2020

Table 52: Australia – Charge Card Transaction Volumes and Frequency by Channel, 2011–2020

Table 53: Australia – Charge Card Total and Average Transaction Values by Channel, 2011–2020

Table 54: Australia – Charge Card Total and Average Transaction Values by Channel, 2011–2020

Table 55: Australia – Number of Charge Cards in Circulation by Scheme (Thousand), 2011–2015

Table 56: Australia – Charge Card Transaction Values by Scheme (AUD Billion), 2011–2015

Table 57: Australia – Charge Card Transaction Values by Scheme (US$ Billion), 2011–2015

Table 58: Australia – Personal and Commercial Pay Later Card Transaction Volumes (Million), 2011–2020

Table 59: Australia – Personal and Commercial Pay Later Card Transaction Values (AUD Billion), 2011–2020

Table 60: Australia – Personal and Commercial Pay Later Card Transaction Values (US$ Billion), 2011–2020

Table 61: Australia – Number of Commercial Pay Later Cards in Circulation (Million), 2011–2020

Table 62: Australia – Commercial Pay Later Card Transaction Volumes (Million), 2011–2020

Table 63: Australia – Commercial Pay Later Card Transaction Values (AUD Billion), 2011–2020

Table 64: Australia – Commercial Pay Later Card Transaction Values (US$ Billion), 2011–2020

Table 65: Australia – Card Fraud (AUD Million), 2011–2015

Table 66: Australia – Card Fraud (US$ Million), 2011–2015

Table 67: Australia – Number of Prepaid Cards in Circulation (Thousand), 2011–2020

Table 68: Australia – Prepaid Card Transaction Values (AUD Million), 2011–2020

Table 69: Australia – Prepaid Card Transaction Values (US$ Million), 2011–2020

Table 70: Australia – Merchant Acquiring Transaction Volumes (Billion), 2011–2020

Table 71: Australia – Merchant Acquiring Transaction Values (AUD Billion), 2011–2020

Table 72: Australia – Merchant Acquiring Transaction Values (US$ Billion), 2011–2020

Table 73: Australia – Acquirers’ Transaction Volumes (Million), 2011–2015

Table 74: Australia – Acquirers’ Transaction Values (AUD Billion), 2011–2015

Table 75: Australia – Acquirers’ Transaction Values (US$ Billion), 2011–2015

Table 76: Australia – Retail Outlets and Card Accepting Merchants (Thousand), 2011–2020

Figures

Figure 1: Australia – Payment Instrument Shares by Transaction Value (%), 2011 vs 2015

Figure 2: Australia – Payment Instrument Shares by Transaction Volume (%), 2011 vs 2015

Figure 3: E-Commerce Value, 2011–2020

Figure 4: Australia – E-Commerce Payment Methods, 2015

Figure 5: Australia – Population

Figure 6: Australia – Economic Indicators

Figure 7: Australia – ATMs and POS Terminals

Figure 8: Australia – Household Consumption

Figure 9: Australia – Segmentation by Card Type, 2016

Figure 10: Australia – Growth in Payment Card Transaction Values and Number of Cards in Circulation by Type, 2011–2020

Figure 11: Australia – Volume and Value of Payment Card Transactions by Type (%), 2011–2020

Figure 12: Australia – Debit Card Penetration and Number of Debit Cards in Circulation, 2011–2020

Figure 13: Australia – Debit Card, Average Interchange Fees: Intra-Network Transactions (%), 2011–2015

Figure 14: Australia – Debit Card, Average Merchant Service Charge and Interchange Fee (%), 2011–2020

Figure 15: Australia – Turnover Per Debit Card and Transaction Values by Channel, 2011–2020

Figure 16: Australia – Debit Card Scheme and Issuer Shares in Terms of Transaction Value (%), 2015

Figure 17: Australia – Pay Later Cards Penetration and Number of Pay Later Cards in Circulation, 2011–2020

Figure 18: Australia – Pay Later Card, Average Interchange Fees: Intra-Network Transactions (%), 2011–2015

Figure 19: Australia – Pay Later Card, Average Merchant Service Charge and Interchange Fee (%), 2011–2020

Figure 20: Australia – Turnover Per Pay Later Card and Transaction Values by Channel, 2011–2020

Figure 21: Australia – Pay Later Card Scheme and Issuer Shares in Terms of Transaction Value (%), 2015

Figure 22: Australia – Commercial vs Personal Pay Later Card, Transaction Volumes and Values (%), 2011–2020

Figure 23: Australia – Number of Commercial Pay Later Cards in Circulation, Transaction Value and Volume, 2011–2020

Figure 24: Australia – Shares of Various Types of Card Fraud in Terms of Transaction Value (%), 2011 vs 2015

Figure 25: Australia – Number of Prepaid Cards in Circulation and Transaction Value, 2011–2020

Figure 26: Australia – Merchant Acquiring Transaction Volume and Value, 2011–2020

Figure 27: Australia – Acquirers’ Market Share in Terms of Transaction Volume and Value (%), 2015

Figure 28: Australia – Number of Retail Outlets and Card Accepting Merchants (Thousand), 2011–2020

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