The Australia Cards and Payment Industry has grown steadily in the last five years owing to Covid-19 health implementations: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit The Cards and Payment Market in Australia saw a steady growth in the period of 2017-2021, especially with the onset of Covid-19 pandemic in 2020. Australia Cards and Payment Market Overview: The Australia Cards and Payment Market is currently at the growth stage owing to the increased contactless payments, increasing debit card usage, the emergence of digital wallets as well as the Covid-19 pandemic. The market is highly fragmented with many players in the market. The industry saw a steady growth in the last few years, especially with the pandemic as contactless payments increased and cash payments decreased significantly. Impact of Covid-19 on Australia Cards and Payment Market: Prior to the pandemic, the consumer and merchant focus for payments was their security, convenience and speed. With the onset of the pandemic, health and safety also became an important consideration. The COVID-19 virus is reported to be able to survive on hard surfaces for a significant period after contact; meaning a potentially elevated risk to using cash, PIN pads and touchscreens at point of sale. As lockdowns and social distancing measures were implemented with the aim of limiting the spread of the virus in Australia, there was an expected decline in in-person payments, a decrease in bricks-and-mortar purchases of non-essential items, as well as an uptick in online and mobile purchases within certain categories. An increased number of curbside pick-up and tap-to-pay options were introduced, and the use of cards for payment increased, leading to the growth of the Cards and Payment Industry in Australia. Challenges faced by the Australia Cards and Payment Industry: The industry players extend far beyond the traditional ecosystem of banks, payments networks, standards bodies and merchants. Today, fintechs, technology firms, startups and regulators play increasingly important roles in the payments ecosystem. Traditionally, banks make up nearly one-third of payments revenue and enjoy a healthy growth rate. Each revenue stream is under pressure from outside forces. This disruption is region-specific based on regulations and historical context. The competition within the credit card industry has been heating up too, with Apple’s venture into cards one significant example. Incumbent financial institutions are upping the ante with better rewards, more attractive physical cards and a better digital experience for consumers. All big issuers launched or refreshed their credit card products. There is also intense activity in the cobranded cards space, have updated their offerings. As a result, acquiring new business is getting costly or even uneconomical if not structured correctly. Analysts at Ken Research in their latest publication “Australia Cards and Payment Market Outlook to 2027F – By Cards (Debit Cards, Credit Cards, Prepaid Cards), By Payment Terminals (POS and ATM’s), By Payment Instruments (Credit Transfers, Direct Debit, Cheques, Cash and Payment Cards)” observed that Australia Cards and Payment Market is expected to showcase considerable growth in the coming five years. In the upcoming years, market is predicted to expand more rapidly due to rising of contactless payments, increasing debit card usage and the emergence of digital wallets. The Cards and Payment Market in Australia is expected to grow at ~% CAGR over the forecasted period 2022-2027F. Key Segments Covered in the report By Cards Debit Cards Credit Cards Prepaid Cards By Payment Terminals POS ATM’s By Payment Instruments Credit Transfers Direct Debit Cheques Cash Payment Cards Request For Free Sample Report Key Target Audience Government Bodies and Regulatory Authority Fintech Companies Investors and Financiers Venture Capitalist New Market Entrants Banks NBFCs Time Period Captured in the Report:- Historical Period: 2017-2022 Base Period: 2022 Forecast Period: 2022-2027F Companies Covered:- CommBank Westpac ANZ NAB Bendigo and Adelaide Bank Credit unions and building societies Suncorp Heritage Bank Bank of Queensland Citibank HSBC eftpos Visa Mastercard American Express Diners Club Worldline Tyro Fiserv PayPal Apple Pay Afterpay Google Pay Klarna Samsung Pay POLi Click to Pay Beem Request for custom report Key Topics Covered in the Report Australia Cards and Payment Market Overview Australia Cards and Payment Market Segmentation Ecosystem of Australia Cards and Payment Market Market Share of Major Players in Australia Cards and Payment Market Industry Analysis of Australia Cards and Payment Market Value Chain of Cards and Payment Market in Australia Key Growth Drivers of Australia Cards and Payment Market End User Analysis of Australia Cards and Payment Market Key Challenges of Australia Cards and Payment Market SWOT Analysis of Australia Cards and Payment Industry Future Outlook of Australia Cards and Payment Market Trends and Development of Australia Cards and Payment Market For more insights on the market intelligence, refer to below link:- Australia Cards and Payment Market Related Reports By Ken Research:- Turkey Cards and Payments Market Outlook to 2023 Saudi Arabia Cards and Payments Market Outlook to 2023 Post Views: 3 Tags: ANZ Revenue Australia, Australia Cards and Payment Industry, Australia Cards and Payment Industry Service Providers, Australia Cards and Payment Industry Trends, Australia Cards and Payment Market, Australia Cards and Payment Sector, Australia Cash Payment Sector, Australia Cashless Payment Industry, Australia Cheque Payment Industry, Australia Credit Card Sector, Australia Credit Transfer Market, Australia Debit Card Industry, Australia Digital Payments Market, Australia Direct Debit Market, Australia Prepaid Card Industry, Australia Remission Industry, Australia Remittance Market, Bank of Queensland Revenue Australia, Bendigo and Adelaide Bank Portfolio Australia, Cards Service Providing Companies in Australia, Challenges Cards and Payment Market Australia, Citibank Market Share Australia, CommBank Leading Provider of Financial Services Australia, Competitors in Australia Cards and Payment Market, Country Based Payment Transactions Australia, Credit unions and building societies Revenue Share Australia, Debit and Credit Cards in Circulation Australia, Debit Card Ownership Rate Australia, Emerging Players in Australia Cards and Payment Market, Funds Raised Startups Cards and Payment Services Australia, Heritage Bank Payment Services Australia, HSBC Cards and Payment Services Australia, Investment Cards and Payment Australia, Leading Debit Card Service Providers Australia, Leading Players in Australia Cards and Payment Market, Major Players in Australia Cards and Payment Market, NAB Australia Market Share, Number of POS and ATM Terminals in Circulation Australia, Opportunities Cards and Payment Sector Australia, Payment Cards Industry Australia, Suncorp Cards Services Australia, Top 5 Funded Fintech in Australia, Top Captive players in Australia Cards and Payment Industry, Westpac Market Share Australia