Payments System Board Annual Report Snapshot 2020

 

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Total daily value of payments

Australian $640 billion.

New Payments Platform

412 million payments using the New Payments Platform.

Outstanding cleared

$36 trillion outstanding cleared $A denominated over-the-counter interest rate derivatives.

New payments platform institutions

100+ Institutions connected to the New Payments Platform.

Non-cash transactions

Non-cash transactions made per person each year is 560.

Card patyments

Total number of card payments is 10.7 billion.

Debit card use

Debit card continues to grow rapidly up 10.4 per cent.

ATM cash withdrawals

ATM cash withdrawals is down by 12%.

Cheque payments

There were 2 cheque payments per person per year.