Payments System Board Annual Report – 2018 List of tables
Chapters
Table 1: Board Meetings in 2017/18
Table 3: Payments in Australia
Table 4: Selected Credit Card Interchange Fees
Table 5: Selected Debit and Prepaid Card Interchange Fees: Mastercard and Visa
Table 6: Selected Debit and Prepaid Card Interchange Fees: eftpos
Attended | Eligible | |
---|---|---|
Philip Lowe (Governor) | 4 | 4 |
Michele Bullock (RBA) | 4 | 4 |
Wayne Byres (APRA) | 4 | 4 |
Gina Cass-Gottlieb | 4 | 4 |
Paul Costello | 3 | 4 |
Deborah Ralston | 4 | 4 |
Catherine Walter | 4 | 4 |
Brian Wilson | 4 | 4 |
2017/18 | Average annual growth 2012/13–2017/18 | |||||||||
---|---|---|---|---|---|---|---|---|---|---|
Per cent of total | Average value | Growth (per cent) | Per cent | |||||||
Number | Value | $ | Number | Value | Number | Value | ||||
Cards | 73.5 | 5.4 | 68 | 13.1 | 7.1 | 12.0 | 7.1 | |||
Debit cards | 51.1 | 2.7 | 48 | 16.2 | 11.5 | 13.6 | 10.1 | |||
Credit cards | 22.4 | 2.8 | 114 | 6.8 | 3.2 | 8.8 | 4.6 | |||
Direct credits(a) | 16.6 | 62.8 | 3,483 | 6.9 | 2.8 | 7.5 | 4.8 | |||
Direct debits(a) | 5.8 | 18.7 | 2,955 | 16.2 | 4.2 | 13.2 | 3.7 | |||
BPAY | 3.4 | 3.8 | 1,053 | 2.1 | 9.7 | 3.3 | 9.5 | |||
Cheques | 0.7 | 9.2 | 12,506 | −19.6 | −12.5 | −17.4 | −3.4 | |||
Total | 100.0 | 100.0 | 922 | 11.5 | 1.9 | 10.4 | 3.9 | |||
(a) Adjusted for a reporting change in May 2018, which decreased the number and value of direct credit and direct debit payments Sources: BPAY; RBA |
Number(c) | Value(c) | Interbank settlement value in RITS | ||||
---|---|---|---|---|---|---|
'000s | Growth over last 3 years (per cent) | $ billion | Growth over last 3 years (per cent) | $ billion | Growth over last 3 years (per cent) | |
RITS RTGS | 47 | 8 | 181 | 8 | 176 | 8 |
SWIFT payments | 44 | 8 | 108 | 4 | 108 | 4 |
Austraclear(d) | 12 | 59 | 14 | 55 | 15 | |
RITS cash transfers | – | – | 13 | 12 | 13 | 12 |
CLS | 59 | 1 | 282 | 8 | 3 | 10 |
Retail payments | 47,000 | 39 | 43 | 10 | 5 | 29 |
Direct entry(e) | 12,000 | 29 | 37 | 13 | ||
Cheques | 320 | −47 | 4 | −17 | ||
Credit/charge cards | 10,000 | 30 | 1 | 13 | ||
Debit cards | 24,000 | 52 | 1 | 35 | ||
(a) Does not include equity settlements or PEXA payments. NPP was
launched in February 2018 and is not included. Sources: ASX; CLS; RBA |
Category | Mastercard | Visa | ||
---|---|---|---|---|
June 2017 | July 2018 | June 2017 | July 2018 | |
Consumer electronic | – | – | 0.25 | 0.21 |
Consumer standard | 0.29 | 0.19 | 0.25 | 0.21 |
Consumer elite/high net worth | 1.82 | 0.80 | 2.00 | 0.80 |
Business/Commercial | 0.85 | 0.70 | 0.84 | 0.70 |
Business elite/super premium | 1.80 | 0.80 | 1.80 | 0.80 |
Strategic merchants | 0.23 or 0.29 | 0.18 or 0.23 | 0.20 to 0.30 | 0.21 to 0.30 |
Industry-specific merchants(c) | 0.29 | 0.10 | 0.25 | 0.25 |
Benchmark | 0.50 | 0.500 | 0.50 | 0.500 |
Ceiling | – | 0.800 | – | 0.800 |
(a) Fees are paid by the acquirer to the issuer, except for transactions
involving a cash-out component Sources: Mastercard website; Visa website |
Category | Mastercard | Visa | ||
---|---|---|---|---|
June 2017 | July 2018 | June 2017 | July 2018 | |
Consumer electronic debit | 12.7 | – | 8.0 | 8.0 |
Consumer standard debit | 0.27% | 12.5 | 0.42% | 0.20% |
Consumer electronic/ standard prepaid |
12.0 | 0.20% | 8.0 or 0.42% | 8.0 or 0.20% |
Consumer premium | 0.50% or 0.91% | 0.20% | 0.50% or 1.05% | 0.20% |
Business/commercial | 0.91% | 0.20% | 1.05% | 0.20% |
Strategic merchant | 2.82 or 3.6 | 2.82 or 4.5 | 2.0 to 8.0 | 2.0 to 8.0 |
Government(c) | 7.0 | 0.20% | 6.0 | 6.0 |
Petrol/service stations(c) | 7.0 | 14.0 | 6.0 | 6.0 |
Recurring payment(c) | 10.0 | 15.0 | 6.0 | 6.0 |
Micropayment(d) | 0.36 | 0.36 | – | – |
Masterpass(e) | 5.9 | 6.0 | – | – |
Benchmark(f) | 12.0 | 8.0 | 12.0 | 8.0 |
Ceiling | – | 15.0 cents or 0.200% | – | 15.0 cents or 0.200% |
(a) Fees are paid by the acquirer to the issuer, except for transactions
involving a cash-out component Sources: Mastercard website; Visa website |
Category | eftpos Debit and Prepaid | |
---|---|---|
June 2017 | July 2018 | |
eftpos only (proprietary) | 13.6 | 13.6 |
Strategic categories | 0.0 to 3.6 | 1.8 to 9.1 |
Dual network | 4.5 | 4.5 |
Strategic categories | 0.0 to 3.6 | 0.0 to 4.5 |
Digital (mobile, online) | 13.6 | 14.5 |
Strategic categories | 1.8 to 5.5 | 3.6 to 12.7 |
Deposit and withdrawal | – | 0.0 |
Charity and Medicare Easyclaim Refund | 0.0 | 0.0 |
Benchmark | 12.0 | 8.0 |
Ceiling | – | 15.0 cents or 0.200% |
(a) Fees are paid by the acquirer to the issuer, except for transactions
involving a cash-out component Source: ePAL website |