Value of Australian New Payments Platform Transactions Rises in August, RBA Says
MT Newswires Live
Yesterday
The value of new payments platform transactions in Australia rose nearly 28% year over year to AU$262.7 billion in August, according to new retail payment figures from the Reserve Bank of Australia (RBA) released Wednesday.
Total card purchases on Australian-issued cards was up 10% to AU$102.1 billion, with credit and charge cards accounting for AU$41.2 billion and debit cards for AU$60.9 billion.
Meanwhile, the number of new payments platform transactions was up more than 13% year over year to 176.8 million.
The number of total card purchases on Australian-issued cards rose 7% annually to 1.44 billion.
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