Credit Card Processing in Australia - Industry Market Research Report
Description
Credit Card Processing in Australia
The Credit Card Processing industry has grown over the past five years. Consumers have been increasingly shifting away from credit cards towards debit cards and other payment methods, which has limited industry turnover as debit cards have lower merchant fee rates than credit cards. However, rising transaction volumes have benefited processors' turnover despite gradual declines in merchant fees. Moreover, the industry has continued to benefit from Australia's rapid adoption of non-cash and contactless payment technology. Overall, industry revenue is expected to rise at an annualised 2.7% over the five years through 2022-23, to $6.2 billion.
The industry provides authorisation, clearance and settlement services for payments between financial institutions involved in transactions conducted by cardholders and merchants.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
The Credit Card Processing industry has grown over the past five years. Consumers have been increasingly shifting away from credit cards towards debit cards and other payment methods, which has limited industry turnover as debit cards have lower merchant fee rates than credit cards. However, rising transaction volumes have benefited processors' turnover despite gradual declines in merchant fees. Moreover, the industry has continued to benefit from Australia's rapid adoption of non-cash and contactless payment technology. Overall, industry revenue is expected to rise at an annualised 2.7% over the five years through 2022-23, to $6.2 billion.
The industry provides authorisation, clearance and settlement services for payments between financial institutions involved in transactions conducted by cardholders and merchants.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
77 Pages
- ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Pricing
Currency Rates
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