Value of Australian New Payments Platform Transactions Rises in February, RBA Says
MT Newswires Live
Apr 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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.