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.
Luke Allchin Director - North America at RFI Global
26 September
Darya Lyhach PR manager at Noda
24 September
Kunal Jhunjhunwala Founder at airpay payment services
Sergiy Fitsak Managing Director, Fintech Expert at Softjourn
23 September
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