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RBA Glossary definition for IT
IT – Information Technology
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Consumer Payment Behaviour in Australia: Evidence from the 2019 Consumer Payments Survey
14 Sep 2020
RDP
2020-06
Accordingly, it provides a valuable snapshot of consumers' payment patterns and preferences immediately prior to the pandemic. ... Similarly, the median value of banknote holdings ($45) was around the same as it was in 2016.
https://www.rba.gov.au/publications/rdp/2020/2020-06/full.html
Cash
14 Sep 2020
RDP
2020-06
and it was age and internet use that had more explanatory power for cash use than location or income per se. ... Similarly, the median value of banknote holdings ($45) was around the same as it was in 2016.
https://www.rba.gov.au/publications/rdp/2020/2020-06/cash.html
Innovation in Payments
14 Sep 2020
RDP
2020-06
Most respondents had not heard of Beem It, an app owned by several large Australian financial institutions that facilitates person-to-person transactions. ... Figure 34: Reasons for Not Using Alternative Payment Methods. Share of respondents aware of
https://www.rba.gov.au/publications/rdp/2020/2020-06/innovation-in-payments.html
Cheques
14 Sep 2020
RDP
2020-06
While this was a similar share to that recorded in 2016, it was down from 1.2 per cent in 2007 and confirmed that personal cheques are seldom used to make ... Bullock 2020). However, it will be important that alternative payment methods are available and
https://www.rba.gov.au/publications/rdp/2020/2020-06/cheques.html
Payment Cards
14 Sep 2020
RDP
2020-06
the ability to make contactless and online payments). More recently, it is possible that the emergence of alternative ways of funding consumer purchases – such as buy now, pay later services – may ... Consistent with previous survey waves, it was
https://www.rba.gov.au/publications/rdp/2020/2020-06/payment-cards.html
Introduction
14 Sep 2020
RDP
2020-06
It is one of the main sources of information on the use of cash – for transactions and other purposes – in the Australian economy. ... Accordingly, it provides a valuable snapshot of consumers' payment patterns and preferences immediately prior to
https://www.rba.gov.au/publications/rdp/2020/2020-06/introduction.html
Conclusion
14 Sep 2020
RDP
2020-06
As this transition occurs, it will be important to make sure that electronic payment systems are low cost, accessible and safe. ... As the transactional use of cash declines, it will also be important to consider the needs of those members of society who
https://www.rba.gov.au/publications/rdp/2020/2020-06/conclusion.html
Online and Automated Payments
14 Sep 2020
RDP
2020-06
This may have led to a more permanent shift in purchasing patterns for some consumers and it would not be surprising if the online share of consumer payments is higher in ... It is also worth noting that the figures for online payments shown in the top
https://www.rba.gov.au/publications/rdp/2020/2020-06/online-and-automated-payments.html
Non-technical summary for ‘Consumer Payment Behaviour in Australia: Evidence from the 2019 Consumer Payments Survey’
14 Sep 2020
RDP
2020-06
As the transition to electronic payments occurs, it will be important to make sure that electronic payment systems are low cost, accessible and safe. ... As the transactional use of cash declines, it will also be important to consider the needs of those
https://www.rba.gov.au/publications/rdp/2020/2020-06/non-technical-summary.html