All the facts
Monthly Results
| | Purchases | Cash | Total* | Purchases | Cash | Total |
| Dec 09 | 164.7 | 21.0 | 166.0 | 9,670 | 1,305 | 10,974 |
| Dec 10 | 195.9 | 22.5 | 197.4 | 11,222 | 1,393 | 12,614 |
| Nov 11 | 188.7 | 22.7 | 190.3 | 10,127 | 1,316 | 11,444 |
| Dec 11 | 216.1 | 23.5 | 217.7 | 12,144 | 1,452 | 13,595 |
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Annual Results
| | Purchases | Cash | Total* | Purchases | Cash | Total |
| Dec 09 | 1,650.9 | 240.8 | 1,666.5 | 93,850 | 14,219 | 108,069 |
| Dec 10 | 1,889.9 | 253.9 | 1,907.2 | 103,478 | 14,715 | 118,193 |
| Nov 11 | 2,136.1 | 266.0 | 2,154.4 | 115,180 | 15,468 | 130,649 |
| Dec 11 | 2,156.3 | 267.1 | 2,174.7 | 116,103 | 15,527 | 131,630 |
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* The overall total transactions are less than the sum of purchases & cash as some transactions involve both functions.
Clearly the way we pay
Total In a tough retail market the use of eftpos continues to grow, with the 217.7 million transactions made in December 2011, representing an almost 10% increase on the previous high for a monthly volume in December 2010. This was the first time that more than 200 million eftpos transactions have occurred in a month, representing a lift of 14.4% from November 2011. | | Purchases In December 2011 there were 216.1 million eftpos purchase transactions made. This is an increase from December 2010 of 10.3% and 14.5% higher than November 2011. Cash The 23.5 million cash transactions in December 2011 maintains a steady growth in the use of eftpos as a channel to obtain cash. |
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December results between 2009 and 2011 reveal a robust and ongoing rise in both the volume and value of eftpos transactions. In 2011, there were 2.175 billion eftpos transactions, approaching 6 million transactions every day. This represented a 1.5 billion rise in the number of transactions across three years.
The value of eftpos purchase and cash transactions in 2011 was $131.6 billion, and as the above graph shows, the underlying trend has been one of sustained growth.
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Debit – the payment option for today’s world
Debit cards accounted for 39.5% of the value of card purchases made in 2011, with credit and charge making up the balance of 60.5%. Debit growth is represented in the following graph:
A number of trends are shown in the patterns of the period since 2005.
- The major downturn in growth seen in 2008/2009 was almost entirely focused on the credit and charge segments. Spend with debit did dip slightly but by comparison, remained stable during this volatile period.
- The first three years of the above six-year period saw credit and charge delivering the majority of incremental card spend. The latter half of this period has witnessed a reversal so that dollar growth in card purchases on debit exceeds that for credit and charge.
The share of incremental card spend on debit illustrates changes in the Australian payments market. Aversion to debt, avoidance of fees, and a desire for control may have attributed to altering the make-up of our market.
eftpos is a major player in the shift to debit. In 2010, eftpos accounted for a 66.8% share of the value of growth in debit and in 2011, increasing to 68.4%.
Transaction data sourced from Reserve Bank of Australia Debit Card Statistics. The views expressed are those of eftpos Payments Australia Limited.
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