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RBA Glossary definition for debit card
debit card – A debit card is a card that enables the holder to access funds in a deposit account at an authorised deposit-taking institution.
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Consumer Payment Behaviour in Australia: Evidence from the 2019 Consumer Payments Survey
14 Sep 2020
RDP
2020-06
The decline in the popularity of credit cards compared to debit cards is consistent with changes in consumers' perceptions of the benefits of holding a credit card. ... All card payments. 3.9. Credit cards. 5.0. Debit cards. 3.4. Reward cardholder status.
https://www.rba.gov.au/publications/rdp/2020/2020-06/full.html
Payment Cards
14 Sep 2020
RDP
2020-06
The decline in the popularity of credit cards compared to debit cards is consistent with changes in consumers' perceptions of the benefits of holding a credit card. ... All card payments. 3.9. Credit cards. 5.0. Debit cards. 3.4. Reward cardholder status.
https://www.rba.gov.au/publications/rdp/2020/2020-06/payment-cards.html
Consumer Payment Behaviour in Australia: Evidence from the 2019 Consumer Payments Survey
14 Sep 2020
RDP
2020-06
When paying with a card in person or online, consumers are more often choosing to use a debit card rather than a credit card. ... As a result, debit cards were the most frequently used consumer payment method in the 2019 survey.
https://www.rba.gov.au/publications/rdp/2020/2020-06.html
Appendix A: Survey Methodology
14 Sep 2020
RDP
2020-06
A full list of debit and credit cards held by the respondent was collected, with the respondent also identifying their primary debit and credit card. ... Other. Note: (a) Online respondents selected the specific card they used (from the list of cards
https://www.rba.gov.au/publications/rdp/2020/2020-06/appendix-a.html
Cash
14 Sep 2020
RDP
2020-06
g. widespread acceptance of contactless card payments). As discussed below, debit cards are displacing cash for more and more consumer payments, with an increasing share of people exclusively using debit cards ... cent and the number of debit card
https://www.rba.gov.au/publications/rdp/2020/2020-06/cash.html
Online and Automated Payments
14 Sep 2020
RDP
2020-06
Within the figures for cards, the share of online payments made using a debit card increased by 9 percentage points between 2016 and 2019 (to 29 per cent) while the credit ... Most consumers using stored card details reported that they had only one card
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
Debit cards were the most frequently used consumer payment method in the 2019 CPS, and many people now prefer to ‘tap and go’ even for small payments. ... 43. 52. 63. Debit cards. 15. 22. 24. 30. 44. Credit and charge cards.
https://www.rba.gov.au/publications/rdp/2020/2020-06/non-technical-summary.html
Key Trends in Consumer Payments
14 Sep 2020
RDP
2020-06
Debit cards were the most frequently used means of payment in 2019, overtaking cash as the single most commonly used payment method for the first time. ... Overall, payment cards – debit and credit cards combined – were used for 63 per cent of the
https://www.rba.gov.au/publications/rdp/2020/2020-06/key-trends-in-consumer-payments.html
Conclusion
14 Sep 2020
RDP
2020-06
The use of debit cards has been growing strongly in recent surveys, particularly for lower-value ‘tap and go’ payments. ... The share of payments made using mobile devices with contactless payment functionality has also risen sharply relative to
https://www.rba.gov.au/publications/rdp/2020/2020-06/conclusion.html
Innovation in Payments
14 Sep 2020
RDP
2020-06
An example of this is the use of linked debit or credit cards to fund instalment payments for purchases made with BNPL services. ... a debit or credit card on the terminal rather than a specific transport card.
https://www.rba.gov.au/publications/rdp/2020/2020-06/innovation-in-payments.html