Key Market Indicators
The number of bank accounts in Australia is set to reach 27.5 billion by 2026, up from 23.3 billion in 2021. This equates to an annual growth rate of 2.6%. Since 2012, demand for accounts in Australia has increased by 5.2% each year. In 2021, Australia ranked 13th in the world for the total number of bank accounts. Saudi Arabia overtook the country with 23.3 billion. Japan, the United States and Switzerland came in second, third and fourth, respectively.
Australia Banking Innovation Articles
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The Rise of Numberless Debit Cards: AMP Bank’s Bold Move Against Fraud
Feb 16th 2025
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Transforming Financial Inclusion: The Mastercard and KaiOS Partnership in Africa
Oct 28th 2024
Australia Banking Key Players Articles
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