(2 August 2010 – Australia) East & Partners’ June 2010 Australian Merchant Acquiring & Cards Market report has revealed that debit card transactions by customers of smaller merchants continues to outweigh credit card transactions which has traditionally been the more favoured method of payment amongst customers.
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Since 2007, debit card transactions have more than doubled for merchants that
fall into the Micro segment while credit card transactions have fallen by over
20 percent - Similarly, merchants from the SME segment have reported the number of debit
cards transactions growing more than five times since 2007, while credit card
transactions have continued to fall backwards
Indeed, merchants are expecting this trend to continue until at least the end
of this year as illustrated by their forecasted breakdown in transaction
receivables.
About East & Partners’ Australian Merchant Acquiring & Cards Market report
East & Partners’ Australian Merchant Acquiring and Cards Markets program is
an ongoing six-monthly research service which delivers accurate market
intelligence on Australia’s merchant acquiring and cards markets. The report
provides a range of relevant analytics including clear measures of card
receivables trends, merchant acquiring market share, satisfaction with acquirers
and merchant churn.
Each biannual report is based on a structured sample of merchants reflecting
the actual distribution of merchants by industry and geographic location. The
merchant segments covered in this research program, based on annual turnover,
are:
Institutional (Top 500)……………A$340 million plus
Corporate…………………………….A$20–340 million
SME………………………………………A$5–20 million
Micro Business…………………………..A$1–5 million
For more information please contact:
Kimberley Burgess
Marketing Communications
East & Partners
t: 02-9004 7848
m: 0405 250796
e: kimberley.b@eastandpartners.com