Australian Credit Card Debt Sputters

Australian Credit Card Debt Languishes as Consumer Confidence Wanes But Credit Card PDV Marches Upward

Australian credit card debt growth is sluggish while credit card usage is continues to grow slowly. Credit card outstandings grew 0.8% year-on-year (YOY) in July, while credit card purchase dollar volume (PDV) rose 7.2% YOY. According to figures released yesterday by the Reserve Bank of Australia (RBA), credit card credit limits were flat in July…

Australia Credit Card Outstandings Up Single Digits in Oct – CardData.com

Australian credit card outstandings rose by 1.6% year-on-year (YOY) in October. Credit card credit limits increased 2.3% YOY and the number of credit card accounts rose 2.6% YOY in October. The average balance per account in October declined 1.0% YOY to AU$3070, compared to AU$3074 for September, and AU$3102 for October 2015.

Credit card outstandings for…

Wirecard’s Merchant Acquiring Services Comes to AU via Cuscal

Cuscal, one of Australia’s top payment services companies, is working to allow Wirecard’s merchant acquiring services throughout Australia, with Cuscal as acquiring BIN sponsor. That includes the use of Wirecard’s proprietary omnichannel payment processing platform to receive credit and debit card transactions in Australia. The partnership with Cuscal allows Wirecard to offer Australian and global…