Payment Cards in Australia 2007

Table of Contents

• Overview
  • Catalyst
  • Summary
• Executive summary
  • Market context
  • Competitor and product overview
  • Forecasting the payment card market in Australia
• Table of Contents
• Table of figures
• Table of tables
• Introduction
  • What is this report about?
  • Scope of the report
  • Structure of the report
• Market context
  • Introduction
  • Country overview
    • Demographics
    • Economy
      • GDP
      • Inflation
      • Distribution of income (Gini Co-efficient)
  • Market size
    • Cards in issue
    • Number of transactions
      • Frequency of use
    • Value of transactions
      • Average transaction values
    • Balances outstanding
  • Card acceptance
    • ATM statistics
    • POS statistics
  • Market structure
    • Banks
    • Building societies
    • Credit unions
    • Specialist Credit Card Institutions
  • Regulatory environment
    • Industry regulators
      • Australian Prudential Regulation Authority (APRA)
      • Reserve Bank of Australia (RBA)
      • Australian Competition and Consumer Commission (ACCC)
    • Industry associations
      • Australian Payments and Clearing Association (APCA)
      • Australian Bankers Association (ABA)
      • Abacus - Australian Mutuals
    • Credit bureaux
  • Key issues
    • Fraud and EMV
    • Interchange fees
      • Credit card interchange
      • Debit card interchange
• Competitor and product overview
  • Introduction
  • Card scheme market shares
    • Debit cards
      • Cards in issue
      • Value of transactions
    • Credit cards
      • Cards in issue
      • Value of transactions
    • Charge cards
      • Cards in issue
      • Value of transactions
  • Card issuer market shares
    • Debit cards
      • Cards in issue
    • Credit cards
      • Cards in issue
      • Balances outstanding
  • Competitor developments
    • Consolidation
      • Australian banks - future consolidation on the cards?
      • Credit cards - Citibank expands through white labelling
    • New entrants
  • Product analysis
    • Credit card design
    • Loyalty programs
  • Product innovation
    • Credit cards
      • ANZ launches card personalisation service
      • Commonwealth Bank trials contactless cards
    • Prepaid cards
      • ANZ and Westpac launch gift cards
      • ANZ launches prepaid travel card
• Forecasting the payment card market in Australia
  • Introduction
  • Forecasting the debit card market
  • Forecasting the credit card market
  • Forecasting the charge card market
  • SWOT analysis
    • Strengths
    • Weaknesses
    • Opportunities
    • Threats
• APPENDIX
  • Supplementary data
    • Market Context
  • Definitions
    • ATM-only card
    • Co-branded card
    • Charge card
    • Credit card
    • Debit card
    • EFTPOS
    • EMV
    • POS terminal
    • Prepaid card
    • A card that cardholders can load up and then only spend the amount that is loaded on the card. Some prepaid cards can be reloaded, while others can be used once only. There are different types of prepaid card, ranging from ePurses to gift cards to travel cards.
  • Methodology
  • Further reading
  • Ask the analyst
  • Datamonitor consulting
  • Disclaimer
  • List of Tables
    • Table 1: GDP per capita in selected Asia Pacific markets, 2005
    • Table 2: Inflation rates in selected Asian and Asia-Pacific markets, 2002-06
    • Table 3: GINI Co-efficient in selected countries, 2006
    • Table 4: Timeline of the RBA investigation into credit card interchange, 1999-2007
    • Table 5: The interchange fee for the four party schemes in October 2000 and September 2006
    • Table 6: Selected credit cards from Australian issuers, 2007
    • Table 7: Selected reward based credit cards from Australian issuers, 2007
    • Table 8: Datamonitor' s forecast for the debit card market, 2007f-11f
    • Table 9: Datamonitor' s forecast for the credit card market, 2007f-11f
    • Table 10: Datamonitor' s forecast for the charge card market, 2007f-11f
    • Table 11: Population data for selected Asia Pacific countries, 2006
    • Table 12: Current GDP, 2005
    • Table 13: GDP growth rates in Australia, 2002-06
    • Table 14: ATM data for Australia, 2002-06
    • Table 15: EFTPOS terminal data for Australia, 2002-06
    • Table 16: Current relevant Datamonitor publications, 2007
    • Table 17: Future relevant Datamonitor publications, 2007
  • List of Figures
    • Figure 1: Overview of Australia, 2005/6
    • Figure 2: Population size in selected Asia Pacific countries, 2006
    • Figure 3: GDP for selected countries across Asia Pacific, 2005
    • Figure 4: Australia' s GDP is largely drawn from the services sector, 2005
    • Figure 5: Australia' s GDP has grown steadily over the last five years, 2002-06
    • Figure 6: Debit cards dominate the Australian payment card market in terms of cards in issue, 2002-06
    • Figure 7: The majority of payment card transactions take place on debit cards, 2002-06
    • Figure 8: Debit cards overtook credit cards as the most frequently used card type in 2005
    • Figure 9: Payment card spend grew strongly between 2002 and 2006
    • Figure 10: Average transaction values are highest on charge cards, 2002-06
    • Figure 11: Balances outstanding on credit cards have grown strongly over the last five years, 2002-06
    • Figure 12: ATM penetration has increased steadily over the last five years, reaching 823 people per ATM in June 2006
    • Figure 13: EFTPOS terminal penetration reached 38 people per terminal in June 2006
    • Figure 14: EFTPOS dominates the debit card market in terms of cards in issue, 2002-06
    • Figure 15: EFTPOS also dominates the debit card market in terms of transaction values, 2002-06
    • Figure 16: Visa and MasterCard dominate the Australian credit card market in terms of cards in issue, 2002-06
    • Figure 17: Visa is the leading card scheme in terms of credit card spend, 2002-06
    • Figure 18: American Express dominates the consumer charge card market in terms of cards in issue, 2002-06
    • Figure 19: American Express also dominates the consumer charge card market in terms of spend, 2002-06
    • Figure 20: CBA is the leading issuer in the debit card market, 2006
    • Figure 21: CBA is the leading card issuer in terms of cards in issue, 2006
    • Figure 22: Westpac leads the credit card market in terms of balances outstanding, 2006
    • Figure 23: The number of transactions is predicted to drive the debit card market over the next five years, 2006-11f
    • Figure 24: Credit card transaction values are expected to grow strongly over the next five years, 2006-11f
    • Figure 25: The charge card market is forecast to grow in the long-term, 2006-2011f
    • Figure 26: SWOT analysis of the payment card market in Australia, 2007