Consumer Payments Country Snapshot: Australia 2016

Publisher Name :
Date: 30-Sep-2016
No. of pages: 37

Summary

The Australian payments market is one of the most developed in the world, with high penetration of debit and credit cards as well as a highly developed contactless card market. However, it lags in adoption of both mobile proximity payments and peer-to-peer (P2P) payment tools.

Key Findings


  • Credit and debit cards are used interchangeably by Australians, with both card types being used on average over 100 times per year at the point of sale.

  • E-commerce accounts for the vast majority of online purchases by value in Australia, although m-commerce is expected to record a compound annual growth rate of 21% between 2015 and 2020.

  • Despite a strong contactless card market, most Australian consumers don't have a mobile wallet, and interest in mobile payments is low. The industry can and should do more to support this technology.


Synopsis

Verdict Financial's "Consumer Payments Country Snapshot: Australia 2016" examines the consumer payments market in Australia, considering payment cards, online payments, P2P payments, and newer payment technologies such as mobile wallets and contactless. This report also examines the regulations in force in the market that players must comply with, and how these have changed in recent years.


  • Analyzes consumer attitudes to financial services by life stage.

  • Analyzes the major payment card types in terms of both card holding and usage.

  • Identifies the major competitors in card issuing and how their position in the market has changed over the last five years.

  • Considers consumer attitudes towards prepaid cards, P2P tools, mobile payment tools, and contactless cards, and how companies in Australia are deploying these tools to meet customer needs.

  • Explores the online payment market in Australia by merchant type and payment tool, as well as providing a five-year forecast for the development of the market.

  • Considers the regulations affecting the payments market and how they are likely to affect both incumbents and disruptors.


Reasons To Buy


  • Understand the key facts and figures in the consumer payments market in Australia.

  • Learn which trends drive consumer behavior at the macro level and plan your strategy accordingly.

  • Find out what products the major competitors are launching in the market.

  • Discover consumer sentiments towards various payment tools in the Australian market and use this knowledge to inform product design.

  • Learn about the key regulatory requirements affecting Australian payments players and any recent or upcoming changes to those requirements.


Companies Mentioned


  • Eftpos Australia

  • Visa

  • MasterCard

  • American Express

  • Diner's Club

  • CBA

  • NAB

  • ANZ

  • Westpac

  • GE Money

  • Heritage

  • Apple

  • Citibank

  • St George

  • Bankwest

  • Qantas

  • Coles

  • Woolworth's

  • Australia Post

  • Facebook

  • Snap Inc.

  • PayPal

  • POLi Payments

  • Payza

Consumer Payments Country Snapshot: Australia 2016

Table of Contents

Megatrends
Proximity Payments
Remote Payments
Payments Infrastructure and Regulation
Appendix

  • Packaging Sector Driven By Innovation
    The financial development in numerous emerging nations has significantly influenced the progress of quite a lot of sectors, the packaging industry being one of them. The swell in transport undertakings outfitting to a substantial number of industries such as manufacturing, consumer goods, food and beverages, and others rest essentially on sturdy and resilient packaging solutions [...]
  • Global Eyewear Market To Gain From Increased Demand For Disposable Contact Lenses
    The global eyewear market was worth US$ 102.66 billion in 2015 and is predictable to reach US$ 184.03 billion by 2024. The rising population and upsurge in the number of optical disorders are likely to propel the industry in the near future. Moreover, the increasing cognizance amongst people as regards to the prominence of eye [...]
  • Global mHealth Market To Become A Multi-Billion Dollar Industry By 2020
    The mHealth market is in its embryonic stage and is projected to produce substantial profits with amassed awareness level and encouraging regulatory guidelines particular to the quality and practicality of mobile-based medical devices. The global mHealth market is projected to touch US$ 49.12 billion by 2020 rising at a CAGR of 47.6% from 2013 to 2020. Monitoring services [...]
  • Efficacy of Stand-alone Power Sources Drive The Global Distributed Energy Generation Market
    The global market for distributed energy generation is expected to magnify at a momentous CAGR of 11.4% between 2016 and 2020. The small-scale generation of electricity, oscillating from a few kilowatts to multitudes of megawatts, is denoted as distributed energy generation. In this process, power is usually produced using renewable resources or by generators during consumption. [...]
  • Global Organic Food Market Makes A Mark in Developed Economies
    Buyers throughout the world are becoming more and more health cognizant, which has occasioned in an alteration in their palates and inclinations. The global organic food market was worth US$88.1 billion in 2015 is anticipated to record a CAGR of over 16% between 2015 and 2020. Amongst the various different food products available, the fruits [...]
  • Global Customs Audit Market 2017-2021
    Published: 21-Dec-2016        Price: US 3500 Onwards        Pages: 58
    One of the key growth stimulators in the global customs audit market is the severe penalties imposed by authorities for trade-related transgressions. As smuggling and security concerns are increasing, customs professionals are making regulations stringent, propelling the growth of the market. Also, companies focus on enhancing supply chain efficiency, which has prompted them to employ customs brokers to simplify the process. The analysts forecast the global customs audit market to gro......
  • Global Analytics and Risk Compliance Solutions for Banking Market 2016-2020
    Published: 16-Dec-2016        Price: US 2500 Onwards        Pages: 111
    Financial services, insurance, and banks are among the most data-driven industries. Commercial banks and insurance companies operate within regulatory environments that require firms to store and analyze several years of transactional data. For making the most from the business financial services, companies rely on relational technologies coupled with business intelligence tool to handle the ever-increasing data and analytics burden. In today's world of information, financial service industry......
  • Retail Banking Country Snapshot: Turkey 2016
    Published: 15-Dec-2016        Price: US 3450 Onwards        Pages: 49
    Summary Turkey has a growing financial services market, enlivened by the innovative approach traditional banks have taken. Ownership of key financial products is widespread, with consumers favoring local providers that have a good reputation. Fintech providers are widely known in the country, though the traditional banks have developed advanced online and mobile services. Usage of branches for more complex interactions endures, though usage of online and mobile servic......
  • Retail Banking Country Snapshot: Indonesia 2016
    Published: 13-Dec-2016        Price: US 3450 Onwards        Pages: 44
    Summary Indonesia has a sizable segment that resembles a development stage similar to markets such as Malaysia. Consumers within this segment are very much like those in developed markets, whereby they embrace the convenience brought to banking by digital platforms and are sensitive about price. On the other hand, a significant proportion of the adult population still do not have a bank account. This highlights the massive opportunities that lie ahead in the Indonesia......
  • High Net Worth trends in China 2016
    Published: 08-Dec-2016        Price: US 1995 Onwards        Pages: 67
    Synopsis This report provides projections of the volume and wealth of China HNWIs. This includes demographic trends (2011-2015) and findings of the proprietary Wealth Insight HNWI Database. Summary This report is the result of WealthInsight's extensive research covering the high net worth individual (HNWI) population and wealth management market in China. The report focuses on HNWI performance between the end of 2011 a......
  • UK Pensions Snapshot 2016
    Published: 08-Dec-2016        Price: US 1295 Onwards        Pages: 32
    Summary The pre- and post-retirement markets have seen some of the biggest changes for a century in the last couple of years, and these are clearly translating through to a sales impact on pensions. Automatic enrolment will be the major driving force behind premium income growth over the next five years, outweighing any other combination of consumer trends and macroeconomic factors. Key Findings The introduction of pension freed......
  • Retail Banking Country Snapshot: UAE 2016
    Published: 08-Dec-2016        Price: US 3450 Onwards        Pages: 46
    Summary The UAE is overbanked with around 49 players, making it a fragmented and highly competitive market. Penetration is high and consumers are well informed and sophisticated, but the large number of expats in the UAE (over 90% of the population) creates unique requirements. Reputation is key, and customers favor established providers and traditional structures. Although online channels are gaining ground, awareness of fintech and peer to peer (P2P) providers remai......
  • Retail Banking Country Snapshot: Denmark 2016
    Published: 07-Dec-2016        Price: US 3450 Onwards        Pages: 47
    Summary Danske Bank and Nordea are the leading providers in the current account and savings account markets, with Nykredit dominating the provision of mortgages. Although branches remain the most important channel for acquisition, online - and increasingly mobile - are the main channels for ongoing interaction for both complex and routine tasks. Only a minority of consumers have used fintech providers to date, and peer to peer (P2P) lending has yet to make a mark, wit......
  • Mergers & Acquisitions Advisory Global Market Briefing 2017 Including: Mergers and Acquisitions Covering :Goldman Sachs, Bank of America Meryl Lynch and Morgan Stanley
    Published: 07-Dec-2016        Price: US 1000 Onwards        Pages: 35
    Mergers and Acquisitions Advisory services include helping companies in identifying and implementing opportunities to merge with or acquire other businesses. This includes financial planning and fundraising, tax and legal support and other allied activities and advisory services. Investment banks have a strong presence across various countries to aid their clients to meet their strategic goals. Investment banking companies either charge clients fixed fees or a proportion of the deal value.......
  • SERVICES
    Value for Money
    We believe in "optimum utilization of available budget and resources". While servicing our clients' (your) market research requirements, we keep the same approach in focus to help you get the best value for your $$s.
    Ever Growing Inventory
    Ranging from the smallest feasible / required data (datasheets, data facts, SWOT analysis, company profiles, etc) to full research reports that help you make decisions, our inventory is updated almost on a daily basis with the latest industry reports from domain experts that track more than 5000 niche sectors.
    One Stop Solution
    Need a custom research report on medical devices market? Require all available business intelligence on 3D printing industry? Exploring F&B sector of a particular country/region? RnRMarketResearch.com is your one-stop-solution to all market intelligence needs. We not only offer custom research and consulting services, we also "bundle" reports to meet your needs and help you fetch the data analysis you require for your business.
    Dedicated Client Engagement
    Not limited to only "finding" relevant reports for you, our client engagement team dedicates its efforts to understand your "business need" and accordingly maps available research data to help you move forward. Call "your" client engagement executive any time of your day and get your questions answered in order to make the correct business decision.
    Saving Time and Efforts
    Simply share your research requirement details with us and let us do all the hard work to find required intelligence for you. When you add up our "one stop solution" and "dedicated client engagement" services mentioned above, you obviously know the time and effort saving you do by working with us.
    Payment Flexibility
    Working with Fortune 500 organizations, we understand the importance of being flexible for payments. Share your payment terms with us and we will surely match up to them to ensure you get access to required business intelligence data without having to wait for the payment to be done.
    Post-Purchase Research Support
    Have questions after reading a report / datasheet bought through us? Not sure about the methodology used for data available in the research? Talk to us / Share your questions with us and if required, we will connect you with the analyst(s)/author(s) of the report(s) and ensure you get satisfactory answers for the same. Need more data / analysis / report(s) on the topic of your research/project? The RnRMarketResearch.com team is here for you 24X7 to support you with your post-purchase requirements. Subscription Offers & Packages (Get in touch with us for more details - sales@rnrmarketresearch.com / +1 888 391 5441 )
    • Ad Hoc
    • Pay - as - you - go / Bucket Subscriptions
    • Fixed Cost for #of reports
    • Customize / Personalize as per your needs