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Debit Cards Usage Analytics by Card Scheme (EFTPOS-VISA-MASTER): Australia

Published: Jul 14, 2016 | Pages: 37 | Publisher: Verdict Financial | Industry: Financial Services | Report Format: Electronic (PDF)

The Australian Payments Clearing Association expects monthly volumes of debit card transactions to be over 350 million in 2015. The corresponding value is estimated to be USD 19 billion. This is owed to rising preference by the population to move towards a cashless society. Developments in financial technology are also fueling market growth. Legislative changes now allow new players to enter the market. This coupled with innovation would propel debit card use in Australia.

Debit card is a card that permits the holder to transfer money via the electronic route from his/her bank account to the merchant. Pay-now is a term that represents any immediate debit card solution. These cards enable customers to buy goods and services using plastic cards. In this scenario, the funds for the transaction are drawn directly from the buyer’s checking/current/transaction account. These payments need to be verified by the customers by the input of a PIN (Personal Identification Number) already allotted to them, or by signing a receipt. 

For lower-value transactions, some debit cards also allow contactless transactions, in which case PINs or signatures are done away with. A debit card is always linked to a buyer’s personal bank account. It does not offer access to revolving credit. The most common debit card type is an ATM (Automated Teller Machine) card or the EFTPOS (Electronic Funds Transfer at Point of Sales) card. 

Some of the main advantages of a debit card are that they are flexible and are accompanied with ATM access. They do not allow consumers to enter into debts and do not bear huge interest charges. They also offer high security as even if they get lost or stolen, only the account to which they are linked is affected. These factors are fueling higher debit card usage in Australia. Debit cards witnessed higher demand than credit cards in this nation. Commonwealth Bank of Australia is a leading issuer of debit cards.

However, certain factors limit their growth. These include overdraft fees and overdrawn account fees. Also, they limit our spending ability to only the amount of money present in that particular bank account.

The various parameters used to assess the usage and popularity of debit cards in Australia include average transaction value, number of transactions, number of cards issued, frequency of use, turnover per card, card scheme/card association (including MASTER CARD/VISA). 
 Table of Contents

1 INTRODUCTION
1.1 Definitions
1.2 Methodology
1.2.1 Research Methodology

2 AVERAGE TRANSACTION VALUE
2.1 Master Card
2.1.1 Average Transaction Value (*LCU), 2005 - 2014
2.1.2 Average Transaction Value (US$), 2005 - 2014
2.2 Visa
2.2.1 Average Transaction Value (LCU), 2005 - 2014
2.2.2 Average Transaction Value (US$), 2005 - 2014
2.3 EFTPOS
2.3.1 Average Transaction Value (LCU), 2005 - 2014
2.3.2 Average Transaction Value (US$), 2005 - 2014

3 FREQUENCY OF USE
3.1 Master Card (Tx/card/year), 2005 - 2014
3.2 Visa (Tx/card/year), 2005 - 2014
3.3 EFTPOS (Tx/card/year), 2005 - 2014

4 NUMBER OF TRANSACTIONS
4.1 MasterCard (Millions), 2005 - 2014
4.2 Visa (Millions), 2005 - 2014
4.3 EFTPOS (Millions), 2005 - 2014

5 TURNOVER PER CARD
5.1 Master Card
5.1.1 Turnover per Card (LCU), 2005 - 2014
5.1.2 Turnover per Card (US$), 2005 - 2014
5.2 Visa
5.2.1 Turnover per Card  (LCU), 2005 - 2014
5.2.2 Turnover per Card  (US$) 2005 - 2014
5.3 EFTPOS
5.3.1 Turnover per Card (LCU), 2005 - 2014
5.3.2 Turnover per Card (US$), 2005 - 2014

6 VALUE OF TRANSACTIONS
6.1 Master Card
6.1.1 Value of Transactions (LCU Million), 2005 - 2014
6.1.2 Value of Transactions (US$ Millions), 2005 - 2014
6.2 Visa
6.2.1 Value of Transactions (LCU Million), 2005 - 2014
6.2.2 Value of Transactions (US$ Millions) 2005 - 2014
6.3 EFTPOS
6.3.1 Value of Transactions (LCU Million) 2005 - 2014
6.3.2 Value of Transactions (US$ Millions), 2005 - 2014

7 CARDS IN ISSUE
7.1 Cards in Issue: MasterCard (000's), 2005 - 2014
7.2 Cards in Issue: Visa (000's), 2005 - 2014
7.3 Cards in Issue: EFTPOS (000's), 2005 - 2014

8 APPENDIX
8.1 About Verdict Financial
8.2 Disclaimer

*LCU Stands for "Local Currency Unit"

The page count may vary in the actual report depending on the data availability
List of Tables

Table 1: Average Transaction Value: MasterCard (LCU), 2005 - 2014
Table 2:Average Transaction Value: MasterCard (US$), 2005 - 2014
Table 3: Average Transaction Value: Visa (LCU), 2005 - 2014
Table 4: Average Transaction Value: Visa (US$), 2005 - 2014
Table 5: Average Transaction Value: EFTPOS (LCU), 2005 - 2014
Table 6: Average Transaction Value: EFTPOS (US$), 2005 - 2014
Table 7: Frequency of Use: Master Card (Tx/card/year), 2005 - 2014
Table 8: Frequency of Use: Visa (Tx/card/year), 2005 - 2014
Table 9: Frequency of Use: EFTPOS (Tx/card/year), 2005 - 2014
Table 10: Number of Transactions: MasterCard (Millions), 2005 - 2014
Table 11:Number of Transactions: Visa (Millions), 2005 - 2014
Table 12:Number of Transactions: EFTPOS (Millions), 2005 - 2014
Table 13: Turnover per Card: MasterCard (LCU), 2005 - 2014
Table 14: Turnover per Card: MasterCard (US$), 2005 - 2014
Table 15:Turnover per Card : Visa (LCU), 2005 - 2014
Table 16: Turnover per Card : Visa (US$), 2005 - 2014
Table 17: Turnover per Card: EFTPOS (LCU), 2005 - 2014
Table 18: Turnover per Card: EFTPOS (US$), 2005 - 2014
Table 19: Value of Transactions: MasterCard (LCU Million), 2005 - 2014
Table 20: Value of Transactions: MasterCard (US$ Millions), 2005 - 2014
Table 21: Value of Transactions: Visa (LCU Million), 2005 - 2014
Table 22: Value of Transactions: Visa (US$ Millions), 2005 - 2014
Table 23: Value of Transactions: EFTPOS(LCU Million), 2005 - 2014
Table 24: Value of Transactions: EFTPOS(US$ Millions), 2005 - 2014
Table 25: Cards in Issue: MasterCard (000's), 2005 - 2014
Table 26: Cards in Issue: Visa (000's), 2005 - 2014
Table 27: Cards in Issue : EFTPOS (000's), 2005 - 2014 


List of Figures

Figure 1:Average Transaction Value: MasterCard (LCU), 2005 - 2014
Figure 2:Average Transaction Value: MasterCard (US$), 2005 - 2014
Figure 3:Average Transaction Value: Visa (LCU), 2005 - 2014
Figure 4: Average Transaction Value: Visa (US$), 2005 - 2014
Figure 5:Average Transaction Value: EFTPOS (LCU), 2005 - 2014
Figure 6: Average Transaction Value: EFTPOS (US$), 2005 - 2014
Figure 7: Frequency of Use: Master Card (Tx/card/year), 2005 - 2014
Figure 8: Frequency of Use: Visa (Tx/card/year), 2005 - 2014
Figure 9: Frequency of Use: EFTPOS (Tx/card/year), 2005 - 2014
Figure 10:Number of Transactions: MasterCard (Millions), 2005 - 2014
Figure 11: Number of Transactions  - Visa (Millions), 2005 - 2014
Figure 12: Number of Transactions  - EFTPOS (Millions), 2005 - 2014
Figure 13: Turnover per Card: MasterCard (LCU), 2005 - 2014
Figure 14: Turnover per Card : MasterCard (US$), 2005 - 2014
Figure 15: Turnover per Card : Visa (LCU), 2005 - 2014
Figure 16: Turnover per Card: Visa (US$),2005 - 2014
Figure 17: Turnover per Card  - EFTPOS (LCU), 2005 - 2014
Figure 18: Turnover per Card EFTPOS (US$), 2005 - 2014
Figure 19: Value of Transactions: MasterCard (LCU Million), 2005 - 2014
Figure 20: Value of Transactions: MasterCard (US$ Millions), 2005 - 2014
Figure 21: Value of Transactions: Visa (LCU Million), 2005 - 2014
Figure 22: Value of Transactions: Visa(US$ Millions), 2005 - 2014
Figure 23: Value of Transactions: EFTPOS(LCU Million), 2005 - 2014
Figure 24: Value of Transactions: EFTPOS(US$ Millions), 2005 - 2014
Figure 25: Cards in Issue: MasterCard (000's), 2005 - 2014
Figure 26:Cards in Issue: Visa (000's), 2005 - 2014
Figure 27: Cards in Issue: EFTPOS (000's), 2005 - 2014

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