Most used in-store (POS) payment methods in Australia 2017-2023, with 2027 forecast
Cards remained dominant in Australian in-store payments, as credit and debit cards together made up over 70 percent of transaction volume. The two payment options consolidated their leading positions during the COVID-19 pandemic, both showing a growth of a few percentage points between 2017 and 2021. Mobile wallets, however, grew at a higher pace: In 2019 already, Australian consumers stated in a survey they were increasingly using contactless payments as well as options provided by wearables, such as smartwatches. Survey data from Statista indicates that Australians use Apple Pay in stores or restaurants relatively more often than consumers from other countries across the world.