Cards and Payments Market to enjoy ‘explosive growth’ in Australia: Citibank, HSBC, Visa, Mastercard

A new independent 85 page research with title 'Australia Cards and Payments - Opportunities and Risks to 2024' guarantees you will remain better informed than your competition. The study covers geographic analysis that includes regions like North America, Europe or Asia or Oceania [Australia and New Zealand] and important players/vendors such as CBA,Westpac, ANZ, NAB, Bendigo and Adelaide Bank, Credit unions and building societies, Suncorp, Heritage Bank, Bank of Queensland, Citibank, HSBC, Visa, Mastercard,American Express, eftpos, Diners Club. With n-number of tables and figures examining the Australia Cards and Payments, the research gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2026

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Summary
Australia Cards and Payments - Opportunities and Risks to 2024

Summary

GlobalData’s ‘Australia Cards and Payments - Opportunities and Risks to 2024' report provides detailed analysis of market trends in the Australian cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cash, cards, credit transfers, cheques, and direct debits during the review-period (2016-20e).

The report also analyzes various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, transaction values and volumes during the review-period and over the forecast-period (2020e-24f). It also offers information on the country's competitive landscape, including 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 detailed regulatory policies and recent changes in regulatory structure.

This report provides top-level market analysis, information and insights into the Australian cards and payments industry, including -
- Current and forecast values for each market in the Australian cards and payments industry, including debit, credit, and charge cards.
- Detailed insights into payment instruments including cash, cards, credit transfers, cheques, and direct debits. It also, includes an overview of the country's key alternative payment instruments.
- E-commerce market analysis.
- Analysis of various market drivers and regulations governing the Australian cards and payments industry.
- Detailed analysis of strategies adopted by banks and other institutions to market debit, credit, and charge cards.

Scope

- To offer enhanced convenience and encourage electronic payments for low-value transactions, in February 2018 the Reserve Bank of Australia (RBA) and its Payments System Board rolled out a new payments infrastructure known as NPP. The service allows users to make payments and transfer funds in real-time 24 hours a day, seven days a week, 365 days a year. Developed by SWIFT in collaboration with 13 members of Australia’s financial services industry, the platform allows users to enter the recipient’s mobile phone number or email address to transfer money. The service is now offered by over 90 financial institutions, with over 5 million accounts created since launch. In June 2019, NPP QR code standards were released, which enable payment providers to develop and offer QR code-based instant payment solutions.
- Australian consumers have embraced contactless technology. Contactless is now increasingly being adopted for public transport systems. In March 2018, contactless payments were introduced for ferry and light rail services in Sydney. The service was later extended to Sydney trains in November 2018, and was made available on all buses across Sydney by September 2019. Commuters can make payments by tapping contactless debit and credit cards, supported mobile wallets, and wearables against contactless readers. By September 2019, around 9 million contactless payments had been made using 1.4 million unique contactless debit and credit cards since launch.
- Buy now pay later is gaining popularity in Australia. This is mostly due to a shift in consumer preference away from credit cards, particularly among Generation Z, who are more wary of their spending. Third-party providers remain the key players in the market, offering various options. Almost 5.8 million Australians have a buy now pay later account with brands including Afterpay, Zip, Laybuy, Openpay, and Payright. In January 2020, Sweden-based buy now pay later service provider Klarna launched in Australia in partnership with CBA.

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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.

Companies Mentioned in the Report

CBA
Westpac
ANZ
NAB
Bendigo and Adelaide Bank
Credit unions and building societies
Suncorp
Heritage Bank
Bank of Queensland
Citibank
HSBC
Visa
Mastercard
American Express
eftpos
Diners Club
Table of Contents
Payment Instruments

....Continued

View Detailed Table of Content @ https://www.htfmarketreport.com/reports/2909331-australia-cards-and-payments-opportunities-and-risks-to-2024

Key Answers Captured in Study are
Which geography would have better demand for product/services?
What strategies of big players help them acquire share in regional market?
Countries that may see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
How feasible is market for long term investment?
What opportunity the country would offer for existing and new players in the Australia Cards and Payments - Opportunities and Risks to 2024 market?
Risk side analysis involved with suppliers in specific geography?
What influencing factors driving the demand of Australia Cards and Payments - Opportunities and Risks to 2024 near future?
What is the impact analysis of various factors in the Australia Cards and Payments - Opportunities and Risks to 2024 market growth?
What are the recent trends in the regional market and how successful they are?

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