Australia Credit Card Industry Outlook 2022 - 2026

Key Market Indicators

Credit card transactions in Australia are forecast to reach $248 billion by 2026, growing at an average annual rate of 0%. In 2021, the country ranked fifth, with transactions reaching $251.1 billion, behind Canada at $251.1 billion, South Korea at $264.9 billion, Japan at $357.3 billion and China at $3.8 trillion. The number of credit cards in Australia is expected to reach 22.5 million by 2026, decreasing by 0% year on year on average. In 2021, Australia ranked thirteenth, with 22.8 million cards, behind Italy at 22.8 million, China at 44.7 million, Japan at 78.7 million and Brazil at 96.3 million. Since 2017, the Australian supply of credit cards has decreased by 1.2% year on year.

Australia Credit Card Market Data and Forecasts

Improve your Knowledge with the latest Indicators and Trends

• Credit Cards Dynamics: Unveiling Global Trends and Key Market Influencers

  Continuous global digitalization is influencing the credit card market's dynamics, with Asia Pacific emerging as a domain of rapid growth due to escalating digital payment adoption. Moreover, cards offering various cash-back options and reward points have gained traction, encouraging a consumption-led economy. However, the traction comes paired with rising consumer...

  Discover more insights

• Gift Cards Sector: Understanding Dynamics Through Market Research Insights

  The gift cards market operates in a fluctuating environment influenced by several factors that necessitate periodic monitoring. Consumer purchasing behaviors and cultural trends significantly determine not only the demand for gift cards, but also their perceived value. Economic conditions also play a vital role, with economic downturns often leading to...

  Discover more insights

• Credit Card Industry: Unpacking Trends and Impact of Co-branded Strategy

  The credit card industry has seen significant growth and change in recent years, particularly marked by the advent of digital innovations and shifting consumer behaviors. With the globalization of financial services, the demand for credit cards has surged, creating a highly competitive market landscape. Additionally, consumer expectations are increasingly geared...

  Discover more insights

• Gift Cards: A Global Analysis of Emerging Trends and Opportunities

  The global gift card market is undergoing considerable change, a positive transformation driven by technological evolution and changing consumer preferences. A notable trend is the shift toward e-gift cards, which can be personalized and delivered instantly, thereby increasing their appeal to consumers. Mobile-based and digital gift cards are also gaining...

  Discover more insights

• Gift Cards: Unearthing Global Trends, Opportunities, and Market Dynamics in the Digital Age

  In the evolving economic landscape, emerging trends indicate heightened consumer preference for prepaid spending mechanisms. Gift cards, digital or physical, hold significant weight in this segment, providing a flexible option for transactional or promotional operations. Their global acceptance has been emboldened by the increased digitization of commerce, offering a ready...

  Discover more insights