Retail Payments January 2024

The tables below present a summary of the latest retail payments statistics.

Value of Retail Payments
Value
($ billion)
Growth
(Per cent)
Monthly Year-ended
Jan 2024 Dec 2023 Jan 2024 Jan 2023 Jan 2024
ATM withdrawals 9.2 0.8 3.2 5.4 5.1
Total card purchases on Australian-issued cards 83.9 −1.6 3.0 17.4 6.4
of which: Credit and charge cards 35.0 −0.7 1.7 17.7 5.5
of which: Debit cards 48.9 −2.3 4.0 17.3 7.1
Total balances outstanding on credit and charge cards 41.1 0.1 0.1 8.7 3.6
of which: Balances accruing interest 18.2 −0.7 −0.9 0.4 0.2
New Payments Platform transactions 148.9 1.7 2.7 21.7 23.5
Cheque payments 18.9 −9.0 5.1 −17.0 −19.9

Source: RBA

Number of Retail Payments
Number
(Million)
Growth
(Per cent)
Monthly Year-ended
Jan 2024 Dec 2023 Jan 2024 Jan 2023 Jan 2024
ATM withdrawals 30.2 1.4 1.6 5.3 0.6
Total card purchases on Australian-issued cards 1262.9 −1.4 3.3 14.8 5.1
of which: Credit and charge cards 308.5 −0.2 1.8 11.4 4.7
of which: Debit cards 954.4 −1.8 3.8 15.9 5.3
Cards on issue 64.4 0.7 0.4 3.2 4.3
of which: Credit and charge cards 17.7 0.1 0.0 0.0 0.6
of which: Debit cards 46.7 0.9 0.6 4.5 5.8
New Payments Platform transactions 123.9 3.3 −1.1 23.5 16.8
Cheque payments 1.5 −6.0 −1.7 −15.1 −26.1

Source: RBA

Total Average Merchant Fees for Debit, Credit and Charge Cards
December quarter 2023
  Domestic cards -
device present
(Per cent)
Domestic cards -
device not present
(Per cent)
International cards
(Per cent)
Total
(Per cent)
Debit
eftpos 0.29 - - 0.35
Mastercard 0.49 0.45 - 0.50
Visa 0.46 0.42 - 0.50
Credit
American Express 1.33 1.29 1.65 1.32
Diners Club 2.08 1.59 1.95 1.69
Mastercard 0.84 0.80 2.31 0.89
Visa 0.83 0.75 2.25 0.89
Source: RBA

All levels and growth rates are seasonally adjusted, except for those relating to the New Payments Platform and cards on issue. The data are not adjusted for the effects of breaks in the series. Historical levels and growth rates for the retail payments statistics may be revised due to the resubmission of data by some reporting institutions and the re-estimation of seasonal factors.

For further information about the Retail Payments Statistics collection, including links to relevant statistical tables, refer to Payments Data.