Emerging Opportunities in Australias Cards and PaymentsMarket: Market Size, Trends and Drivers, Strategies, Productsand Co...
•It details the different macroeconomic, infrastructural, consumer and business drivers affecting the Australian cards and...
3 Analysis of Australian Cards and Payments Market Drivers3.1 Macroeconomic Fundamentals3.1.1 Per-capita income3.1.2 Infla...
4.2.3 Services4.3 Online Buying Behaviour4.4 Preferred Payment Methods5 Competitive Landscape and Industry Dynamics5.1 Mar...
7.5 Credit Card Market Size and Forecast7.5.1 Analysis by number of cards7.5.2 Analysis by transaction value7.5.3 Analysis...
Table 4: Australia Card Industry Market Size by Volume (Thousands), 2007–2016Table 5: Australia Card Industry Market Size ...
Figure 7: Retail Sales Growth in Australia, Average Retail Sales (AUD Million), 2007–2011Figure 8: Outbound Tourism in Aus...
Figure 48: Australia Close Loop Prepaid Card Market Size (Thousands), 2007–2016Figure 49: Australia Prepaid Card Industry ...
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Emerging Opportunities in Australia's Cards and Payments Market: Market Size, Trends and Drivers, Strategies, Products and Competitive Landscape

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Emerging Opportunities in Australia's Cards and Payments Market: Market Size, Trends and Drivers, Strategies, Products and Competitive Landscape

  1. 1. Emerging Opportunities in Australias Cards and PaymentsMarket: Market Size, Trends and Drivers, Strategies, Productsand Competitive LandscapeReport Details:Published:November 2012No. of Pages: 99Price: Single User License – US$4495SynopsisThe report provides market analysis, information and insights into the Australian cards andpayments market, including:•Current and forecast values for each segment of the Australian cards and payment market including debit cards, credit cards, prepaid cards and charge cards.•Comprehensive analysis of the industry’s market attractiveness and future growth areas.•Analysis of various market drivers and regulations governing the Australian cards and payment market.•Detailed analysis of the marketing strategies adopted for selling prepaid cards used by various bankers and other institutions in the market.•Comprehensive analysis of consumer attitudes and their buying preferences for cards.•Competitive landscape of the Australian cards and payments market.Executive summaryThe Australian cards and payments market registered marginal growth during the review period(2007–2011), with a recorded rate of 6.8% in 2011 over figures from 2010. A positive economicoutlook, a need for more sophisticated prepaid and charge cards, the growth of online and mobileshopping, and the growing demand for prepaid products, all combined to support the overallgrowth of the market. During the review period, the cards and payments industry increased involume at a CAGR of 7.6% to reach 99.3 million cards in 2011. In value terms, the Australiancards and payments market valued AUD517.1 billion (US$590.1 billion) in 2011. As consumersincreasingly move from using cash to card as a method of payment, card payments are expectedto deliver strong growth over the forecast period.ScopeThis report provides a comprehensive analysis of the Australian cards and payments market.•It provides current values for the Australian cards and payments market for 2011 and forecast figures for 2016.
  2. 2. •It details the different macroeconomic, infrastructural, consumer and business drivers affecting the Australian cards and payments industry.•It outlines the current regulatory framework in the industry.•It details the marketing strategies used by various bankers and other institutions.•It profiles the major banks in the Australian cards and payments market.Key highlights•The Australian cards and payments market registered marginal growth during the review period (2007–2011), with a recorded rate of 6.8% in 2011 over figures from 2010.•The development of mobile wallets specifically for mobile commerce is expected to change the dynamics of the cards and payments industry by creating new participants across mobile network carriers, handset OEMs, and NFC chip makers as they aim to capture payment card industry revenue.•The competitive landscape in the Australian cards and payments market, especially for credit cards, has turned significantly during the review period following the issuance of companion cards where each account holder receives an American Express card as well as either a Visa or MasterCard.•The Australian mobile commerce market is growing at a fast rate and is acting as an engine of overall e-commerce growth by converting potential brick and mortar sales to digital sales, as consumers use their smart phones while shopping in store.•Reforms pertaining to interchange fees are expected to benefit consumers in terms of rewards.•In June 2011, the Ministerial Council on Consumer Affairs and the Consumer Affairs Advisory Council (CCAAC) gave relief (under RG 185 and CO/05-738) for gift vouchers and cards from the financial services licensing, conduct, and disclosure obligations of the Corporations Act.Reasons to buy•Make strategic business decisions using historic and forecast market data related to the Australian cards and payments market and each market within it.•Understand the key market trends and growth opportunities within the Australian cards and payments market.•Assess the competitive dynamics in the Australian cards and payments market.•Gain insights into the marketing strategies used for selling various types of cards in the Australian market.•Gain insights into key regulations governing the Australian cards and payment market.Get your copy of this report @http://www.reportsnreports.com/reports/204162-emerging-opportunities-in-australias-cards-and-payments-market-market-size-trends-and-drivers-strategies-products-and-competitive-landscape.htmlMajor points covered in Table of Contents of this report includeTable of contents1 Executive Summary2 Market Attractiveness and Future Prospects of The Australian Cards and PaymentsIndustry
  3. 3. 3 Analysis of Australian Cards and Payments Market Drivers3.1 Macroeconomic Fundamentals3.1.1 Per-capita income3.1.2 Inflation3.1.3 Central bank interest rate3.2 Infrastructure Drivers3.2.1 Advanced encryption standard3.2.2 Digital wallet3.2.3 Near field communication (NFC)3.2.4 Banking applications designed by banks3.2.5 Anti-skimming applications3.2.6 EMV-smart cards3.3 Business Drivers3.3.1 Prepaid cards – gift cards, loyalty and incentive cards3.3.2 Government purchasing cards3.3.3 E-commerce3.3.4 Mobile commerce3.3.5 Growth of retail spending3.4 Consumer Drivers3.4.1 Overseas on-line purchase3.4.2 Luxury spending3.4.3 Outbound tourism3.4.4 Shift from credit fuelled spending3.5 Card Fraud Statistics3.5.1 By channel3.6 Regulatory Framework3.6.1 Variation to the surcharging standards3.6.2 EFTPOS System: consultation on the future regulatory framework3.6.3 Interchange fee benchmarks3.6.4 Access regimes for various schemes3.6.5 Ongoing customer due diligence (OCDD)3.6.6 KYC Policy3.6.7 Regulations governing the prepaid card market in Australia3.6.8 Regulations related to gift cards3.6.9 Epayments code and the regulations4 Emerging Consumer Attitudes and Trends4.1 Market Segmentation and Targeting4.1.1 Retail segment4.1.2 Corporate segment4.2 Consumer Preference4.2.1 Price4.2.2 Convenience
  4. 4. 4.2.3 Services4.3 Online Buying Behaviour4.4 Preferred Payment Methods5 Competitive Landscape and Industry Dynamics5.1 Market Share Analysis by Payment Channels5.1.1 Overview of payment channels5.1.2 Cash5.1.3 Credit transfer5.1.4 Direct debit5.1.5 Checks5.1.6 Cards payments5.2 Debit Cards Market Share5.2.1 By Bank5.2.2 By Scheme5.3 Credit Cards Market Share5.3.1 By Bank5.3.2 By Scheme5.4 Charge Cards Market Share5.4.1 By Card Type6 Strategies Adopted by Key Players6.1 Market Entry Strategies6.2 Marketing / Product Strategy6.2.1 Debit cards6.2.2 Credit cards6.2.3 Prepaid cards6.2.4 Charge cards6.3 Pricing Strategies7 Market Size and Growth Potential of Australian Payment Card Industry7.1 Market Share Analysis by Type of Card7.2 Total Market Size and Forecast of Card Industry7.2.1 Analysis by number of cards7.2.2 Analysis by transaction value7.2.3 Analysis by transaction volume7.3 Debit Card Market Size and Forecast7.3.1 Analysis by number of cards7.3.2 Analysis by transaction value7.3.3 Analysis by transaction volume7.3.4 Other key performance indicators7.4 Prepaid Card Market Size and Forecast7.4.1 Analysis by number of cards7.4.2 Analysis by segments – open loop cards and closed loop cards7.4.3 Analysis by transaction value
  5. 5. 7.5 Credit Card Market Size and Forecast7.5.1 Analysis by number of cards7.5.2 Analysis by transaction value7.5.3 Analysis by transaction volume7.5.4 Other key performance indicators7.6 Charge Card Market Size and Forecast7.6.1 Analysis by number of cards7.6.2 Analysis by transaction value7.6.3 Analysis by transaction volume8 Company Profiles, Product, and Marketing Strategies8.1 ANZ Banking Group8.1.1 Strategies8.1.2 Debit cards offered8.1.3 Credit cards offered8.1.4 Prepaid cards offered8.2 Commonwealth Bank of Australia8.2.1 Strategies8.2.2 Debit cards offered8.2.3 Credit cards offered8.2.4 Prepaid cards offered8.3 Westpac Banking Corporation8.3.1 Strategies8.3.2 Debit cards offered8.3.3 Credit cards offered8.3.4 Prepaid cards offered8.4 National Australia Bank Group8.4.1 Strategies8.4.2 Debit cards offered8.4.3 Credit cards offered8.4.4 Prepaid cards offered9 Appendix9.1 Methodology9.2 Definitions9.3 Contact Us9.4 About Timetric9.4.1 Our Approach9.5 Services9.6 DisclaimerList of TablesTable 1: Australian Repo Rate (%), Feb 2009 – Jun 2012Table 2: Market Entry Strategy of Foreign Banks in AustraliaTable 3: Australia Card Industry by Type of Cards (Thousands), 2007–2016
  6. 6. Table 4: Australia Card Industry Market Size by Volume (Thousands), 2007–2016Table 5: Australia Card Industry Market Size by Transaction Value (AUD Million), 2007–2016Table 6: Australia Card Industry Market Size by Transaction Value ( US$ Million), 2007–2016Table 7: Australia Card Industry Market Size by Transaction Volume (Million), 2007–2016Table 8: Australia Debit Card Industry Market Size by Volume (Thousands), 2007–2016Table 9: Australia Debit Card Industry Market Size (AUD Million), 2007–2016Table 10: Australia Debit Card Industry Market Size by Transaction Value ( US$ Million),2007–2016Table 11: Australia Debit Card Industry Market Size by Transaction Volume (Million), 2007–2016Table 12: Australia Debit Card Industry Market Size by Frequency of Use(Transactions/Card/Year), 2007–2016Table 13: Australia Prepaid Card Industry Market Size ( Thousands), 2007–2016Table 14: Australia Open Loop Prepaid Card Industry Market Size (Thousands), 2007–2016Table 15: Australia Close Loop Prepaid Card Market Size (Thousands), 2007 – 2016Table 16: Australia Prepaid Card Industry Market Size (AUD Million), 2007–2016Table 17: Australia Prepaid Card Industry Market Size by Transaction Value ( US$ Million),2007–2016Table 18: Australia Credit Card Industry Market Size by Volume (Thousands), 2007–2016Table 19: Australia Credit Card Industry Market Size by Transaction Value (AUD Million),2007–2016Table 20: Australia Credit Card Industry Market Size by Transaction Value ( US$ Million),2007–2016Table 21: Australia Credit Card Industry Market Size by Transaction Volume (Million), 2007–2016Table 22: Australia Credit Card Industry Market Size by Frequency of Use(Transactions/Card/Year), 2007–2016Table 23: Australia Credit Card Industry Market Size by Average Transaction Value (AUD)2007–2016Table 24: Australia Credit Card Industry Market Size by Average Transaction Value (US$)2007–2016Table 25: Australia Charge Card Industry Market Size (Thousands), 2007–2016Table 26: Australia Charge Card Industry Market Size (AUD Million), 2007–2016Table 27: Australia Charge Card Industry Market Size by Transaction Value ( US$ Million),2007–2016Table 28: Australia Charge Card Industry Market Size by Transaction Volume (Million), 2007–2016Table 29: Cards and Payments Key DefinitionsList of FiguresFigure 1: Current and Future Prospects of Various Cards in AustraliaFigure 2: Growth Potential of The Australian Cards And Payments Market by Area of UsageFigure 3: Australian Cards and Payments Market DriversFigure 4: Per-Capita Income in Australia, 2007-2011, AUDFigure 5: Inflation rates in Australia, (%), 2007 – 2017Figure 6: Australian Reserve Bank Interest Rate (%), Feb 2009- Jun 2012
  7. 7. Figure 7: Retail Sales Growth in Australia, Average Retail Sales (AUD Million), 2007–2011Figure 8: Outbound Tourism in Australia, 2007-2011 (Million)Figure 9: Card Fraud Statistics by Country (US$ Million), 2007–2011Figure 10: Australia Card Fraud Statistics by Channel (AUD Million), 2007–2011Figure 11: Australian Cards and Payments Market SegmentationFigure 12: Australia Population Age Distribution (%), 2011Figure 13: Students Cards Offered in AustraliaFigure 14: Australia Forex / Travel Prepaid CardsFigure 15: Australia Forex / Travel Credit CardsFigure 16: Australia Number of High Net Worth Individuals (Thousand), 2007–2011Figure 17: Corporate Cards Offered in AustraliaFigure 18: Consumer Preferences on Various Types of CardsFigure 19: Australia Online Trade Market by Type of Market (%), 2011Figure 20: Australia Online Trade – Preferred Payment Method (%), 2011Figure 21: Australia Payment Channels (%), 2011Figure 22: Australia Value and Growth of Cash-Based Transactions (AUD Million), 2007–2011Figure 23: Australia Value and Growth of Credit Transfers (AUD Million), 2007–2011Figure 24: Australia Value and Growth of Direct Debit Transactions (AUD Million), 2007–2011Figure 25: Australia Value and Growth of Check-Based Transactions (AUD Million), 2007–2011Figure 26: Australia Value and Growth of Card Transactions (AUD Million), 2007–2011Figure 27: Australia Debit Card Market Share by Banks (%), 2011Figure 28: Australia Debit Card Market Share by Schemes (%), 2011Figure 29: Australia Credit Card Market Share by Banks (%), 2011Figure 30: Australia Credit Card Market Share by Schemes (%), 2011Figure 31: Australia Charge Card Market Share by Schemes (%), 2011Figure 32: Marketing Strategies Based on Card TypeFigure 33: Monthly Fees on Debit Card by BanksFigure 34: Complementary Insurance Services by Commonwealth BankFigure 35: Reward Points on Debit Card by BanksFigure 36: Prepaid Card With Added FeaturesFigure 37: Pricing Strategies of Various Service ProvidersFigure 38: Australia Card Industry by Type of Cards (%), 2007–2016Figure 39: Australia Card Industry Market Size by Volume (Thousands), 2007–2016Figure 40: Australia Card Industry Market Size by Transaction Value (AUD Million), 2007–2016Figure 41: Australia Card Industry Market Size by Transaction Volume (Million), 2007–2016Figure 42: Australia Debit Card Industry Market Size by Volume (Thousands), 2007–2016Figure 43: Australia Debit Card Industry Market Size (AUD Million), 2007–2016Figure 44: Australia Debit Card Industry Market Size by Transaction Volume (Million), 2007–2016Figure 45: Australia Debit Card Industry Market Size by Frequency of Use(Transactions/Card/Year), 2007–2016Figure 46: Australia Prepaid Card Industry Market Size ( Thousands), 2007–2016Figure 47: Australia Open Loop Prepaid Card Industry Market Size (Thousands), 2007–2016
  8. 8. Figure 48: Australia Close Loop Prepaid Card Market Size (Thousands), 2007–2016Figure 49: Australia Prepaid Card Industry Market Size (AUD Million), 2007–2016Figure 50: Australia Credit Card Industry Market Size by Volume (Thousands), 2007–2016Figure 51: Australia Credit Card Industry Market Size by Transaction Value (AUD Million),2007–2016Figure 52: Australia Credit Card Industry Market Size by Transaction Volume (Million), 2007–2016Figure 53: Australia Credit Card Industry Market Size by Frequency of Use(Transactions/Card/Year), 2007–2016Figure 54: Australia Credit Card Industry Market Size by Average Transaction Value (AUD),2007–2016Figure 55: Australia Charge Card Industry Market Size (Thousands), 2007–2016Figure 56: Australia Charge Card Industry Market Size (AUD Million), 2007–2016Figure 57: Australia Charge Card Industry Market Size by Transaction Volume (Million),2007–2016Figure 58: ANZ Find a Credit Card Portal for Credit Card CustomersFigure 59: NAB Balance transfer calculatorContact: sales@reportsandreports.com for more information.

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