Eye-catching growth has been recorded in the prepaid cards segment of the Australian Cards and Payments Market, as per Market Data Forecast latest report. This growth has led to improvements in the functionality of the service and has consequently resulted in a robust rise in the cards issued by volume. In the current global ... Read more
Based on the segment targeted, the demand and use of cards varies substantially. It must also be noted that large banks, particularly the domestic ones are making a precise effort for the consolidation and segmentation of the industry for the targeting of the most rapidly growing and profitable sectors. Retail and corporate segments are the major categories of the cards and payments market in the country. The segment of retail is further classified on ... Read more
The in-and-out of the Cards and Payments Market in Australia
The Australia cards and payments market has displayed marginal incremental growth during the forecast period. The requirement for more advanced prepaid cards, an optimistic outlook for the economy, and the rapid increase in shopping, particularly online shopping are the major drivers of market growth in this region.
During the forecast period, the card and payments market in Australia is ... Read more
