Search: CPS
RBA Glossary definition for CPS
CPS – Consumer Payments Survey
Search Results
The Evolution of Consumer Payments in Australia: Results from the 2022 Consumer Payments Survey
27 Nov 2023
RDP
2023-08
COVID-19, cryptocurrency, currency, payments, rba survey. The Reserve Bank conducted its sixth triennial Consumer Payments Survey (CPS), which provides detailed information on how Australians make their payments. ... The 2022 CPS provides the first
https://www.rba.gov.au/publications/rdp/2023/2023-08.html
Appendix A: Survey Methodology
27 Nov 2023
RDP
2023-08
A.2 Survey sample and weighting. The overall sampling process for the 2022 CPS was similar to that used for the 2019 survey. ... In the CPS, respondents were asked to select their household income from a range (e.g.
https://www.rba.gov.au/publications/rdp/2023/2023-08/appendix-a.html
The Evolution of Consumer Payments in Australia: Results from the 2022 Consumer Payments Survey
27 Nov 2023
RDP
2023-08
A representative sample of just under 1,000 people participated in the 2022 CPS. ... The CPS suggests that the decline in cash use was accelerated by the pandemic.
https://www.rba.gov.au/publications/rdp/2023/2023-08/full.html
Introduction
27 Nov 2023
RDP
2023-08
The CPS provides comprehensive data on how Australian consumers make their payments as well as qualitative information on payment preferences and attitudes. ... A representative sample of just under 1,000 people participated in the 2022 CPS.
https://www.rba.gov.au/publications/rdp/2023/2023-08/introduction.html
Survey Overview
27 Nov 2023
RDP
2023-08
Download the Paper 2.30. MB. The CPS is a national cross-sectional survey that has been conducted every three years since 2007. ... Footnote. For a discussion of the 2017 and 2019 CPS results, see Doyle et al (2017) and Caddy, Delaney and Fisher (2020).
https://www.rba.gov.au/publications/rdp/2023/2023-08/survey-overview.html
Other Payment Methods
27 Nov 2023
RDP
2023-08
The CPS gathered respondents' knowledge and usage of a number of these other ways to make payments. ... In 2019 and 2022, the CPS asked whether consumers made a payment online or through an app.
https://www.rba.gov.au/publications/rdp/2023/2023-08/other-payment-methods.html
Card Payments
27 Nov 2023
RDP
2023-08
Since the CPS was first conducted in 2007, cards have been replacing cash and have become the dominant payment method. ... The 2022 CPS showed that cards were the predominant payment method at almost all types of businesses (Table 3).
https://www.rba.gov.au/publications/rdp/2023/2023-08/card-payments.html
Cheques
27 Nov 2023
RDP
2023-08
Download the Paper 2.30. MB. Just seven personal cheque payments were recorded in the 2022 CPS, accounting for only 0.1 per cent of the number of payments. ... The results from the 2022 CPS suggest this will only affect a small share of the population,
https://www.rba.gov.au/publications/rdp/2023/2023-08/cheques.html
Cash
27 Nov 2023
RDP
2023-08
The declining frequency of cash top-ups has reduced the CPS's visibility of the access points that respondents use and so these questions were asked to address this emerging gap.
https://www.rba.gov.au/publications/rdp/2023/2023-08/cash.html
Key Trends in Consumer Payments
27 Nov 2023
RDP
2023-08
Download the Paper 2.30. MB. The 2022 CPS showed a continuation of previous trends, with the longer-run shifts to electronic payment methods and away from cash accelerated by the ... Nonetheless, the 2022 CPS results showed that the majority of consumers
https://www.rba.gov.au/publications/rdp/2023/2023-08/key-trends-in-consumer-payments.html