Master & Visa Debit Cards

EFTPOS & Visa Debit Transactions Grow

Posted by visadebit under News

The total value of credit and charge card transactions, including advances, fell by 1.37 per cent in July, new figures from the Reserve Bank of Australia show today.

Australians spent $19.139 billion on their credit and charge cards in the month, down from $19.405 billion in June.

Repayments on credit cards rose 2.84 per cent in July to $19.839 billion, the figures released in the central bank’s monthly bulletin showed.

The number of credit and charge accounts increased by 16,000 in July, while there were 9,000 fewer purchases using credit cards.

Meanwhile, total EFTPOS purchases, including cashouts (also covering Visa Debit Card transactions), rose to $11.633 billion, from $10.888 billion in the previous month, an increase of 6.8 per cent.

The value of EFTPOS purchases was up 11.95 per cent in the 12 months to July.