Retail Payments August 2024

The tables below present a summary of the latest retail payments statistics.

Value of Retail Payments
Value
($ billion)
Growth
(Per cent)
Monthly Year-ended
Aug 2024 Jul 2024 Aug 2024 Aug 2023 Aug 2024
ATM withdrawals 8.9 −1.6 1.8 −2.6 5.3
Total card purchases on Australian-issued cards 86.7 −0.1 1.3 6.9 6.5
of which: Credit and charge cards 36.3 −1.9 2.8 7.0 6.4
of which: Debit cards 50.5 1.2 0.2 6.9 6.6
Total balances outstanding on credit and charge cards 41.1 −0.4 0.2 4.9 1.2
of which: Balances accruing interest 19.3 0.4 3.5 2.4 5.2
New Payments Platform transactions 173.3 2.5 1.8 27.0 29.0
Cheque payments 18.4 −4.1 8.5 −24.9 −11.6

Source: RBA

Number of Retail Payments
Number
(Million)
Growth
(Per cent)
Monthly Year-ended
Aug 2024 Jul 2024 Aug 2024 Aug 2023 Aug 2024
ATM withdrawals 29.4 −1.4 2.7 −5.1 1.4
Total card purchases on Australian-issued cards 1289.2 1.4 −0.6 5.9 4.6
of which: Credit and charge cards 314.8 −0.5 1.6 5.2 4.4
of which: Debit cards 974.4 2.1 −1.2 6.2 4.7
Cards on issue 64.9 0.8 0.1 4.1 2.7
of which: Credit and charge cards 17.0 1.3 −0.9 0.7 −3.8
of which: Debit cards 48.0 0.6 0.5 5.5 5.3
New Payments Platform transactions 142.2 0.5 2.9 21.6 19.0
Cheque payments 1.2 −2.9 0.3 −23.8 −31.2

Source: RBA

Total Average Merchant Fees for Debit, Credit and Charge Cards
June quarter 2024
  Domestic cards -
device present
(Per cent)
Domestic cards -
device not present
(Per cent)
International cards
(Per cent)
Total
(Per cent)
Debit
eftpos 0.32 - - 0.30
Mastercard 0.52 0.46 - 0.52
Visa 0.47 0.42 - 0.50
Credit
American Express 1.35 1.30 1.63 1.33
Diners Club 2.42 1.52 1.89 1.61
Mastercard 0.84 0.78 2.41 0.89
Visa 0.86 0.76 2.56 0.92
Source: RBA

All levels and growth rates are seasonally adjusted, except for those relating to cards on issue. The data are not adjusted for the effects of breaks in the series. Historical levels and growth rates for the retail payments statistics may be revised due to the resubmission of data by some reporting institutions and the re-estimation of seasonal factors.

For further information about the Retail Payments Statistics collection, including links to relevant statistical tables, refer to Payments Data.