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Credit Card Issuance in Australia - Industry Market Research Report

  • July 2016
  • -
  • Ibisworld
  • -
  • 32 pages

Summary

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Good credit: The low cost of borrowing has allowed banks to increase profit margins



Abstract

Credit Card Issuance in Australia

The industry issues credit and charge cards to businesses and consumers. These cards provide users with a line of credit to use for purchases or cash advances. Credit card balances roll over month to month and can be repaid in full or by instalment. Charge card balances must be paid in full each month. The cards are not issued directly by Visa or MasterCard, which provide transaction processing networks, but are instead issued by financial institutions.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.



Related Reports

Building Societies in Australia

Credit Unions in Australia

National and Regional Commercial Banks in Australia

Foreign Banks in Australia

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