Value of Australian New Payments Platform Transactions Rises in February, RBA Says

MT Newswires Live
04/07

The value of new payments platform transactions in Australia rose past 25% year over year to AU$236.1 billion in February, according to new retail payment figures from the Reserve Bank of Australia (RBA) released Tuesday.

Total card purchases on Australian-issued cards was up 8.5% to AU$97.7 billion, with credit and charge cards accounting for AU$39.7 billion and debit cards for AU$58 billion.

Meanwhile, the number of new payments platform transactions was up more than 11% year over year to 166 million.

The number of total card purchases on Australian-issued cards rose 5% annually to 1.39 billion.

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