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Title Australia Digital Payment Market 2025 | Worth USD 667.0 Billion by 2033
Category Business --> Information Technology
Meta Keywords Australia Digital Payment Market
Owner Ranjeet Sharma
Description

The latest report by IMARC Group, titled “Australia Digital Payment Market Report by Component, Payment Mode, Deployment Type, End Use Industry, and Region 2025–2033,” offers a comprehensive analysis of the Australia digital payment market growth. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry. The Australia digital payment market size reached USD 118.0 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 667.0 Billion by 2033, exhibiting a growth rate (CAGR) of 20.89% during 2025–2033.

 

Base Year: 2024

Forecast Years: 2025–2033

Historical Years: 2019–2024

Market Size in 2024: USD 118.0 Billion

Market Forecast in 2033: USD 667.0 Billion

Market Growth Rate 2025–2033: 20.89%

 

Australia Digital Payment Market Overview

The Australia digital payment market is experiencing robust growth, driven by the increasing reliance on smartphones, the rising trend of online shopping, and the growing demand for peer-to-peer (P2P) payment apps and buy now, pay later (BNPL) services. The convenience of cashless transactions and the integration of advanced technologies are further propelling the market forward.

 

Request For Sample Report:

https://www.imarcgroup.com/australia-digital-payment-market/requestsample

 

Australia Digital Payment Market Trends and Market Drivers

Mobile Wallet Adoption:
The widespread use of smartphones has led to a significant increase in mobile wallet transactions. In October 2024 alone, Australians made over 500 million mobile wallet transactions, totaling more than USD 20 billion. This surge reflects a clear shift towards digital payment solutions, offering consumers faster and more secure payment options.

Decline in Cash Usage:
The adoption of digital payments has contributed to a notable decline in cash usage. According to the Reserve Bank of Australia, the share of cash payments halved from 32% of all in-person transactions to just 16% over three years, indicating a strong consumer preference for digital payment methods.

 

Australia Digital Payment Market Segmentation:

1. By Component:

  • Solutions
  • Services

2. By Payment Mode:

  • Bank Cards
  • Digital Currencies
  • Digital Wallets
  • Net Banking
  • Others

3. By Deployment Type:

  • Cloud-based
  • On-premises

4. By End Use Industry:

  • BFSI
  • Healthcare
  • IT and Telecom
  • Media and Entertainment
  • Retail and E-commerce
  • Transportation
  • Others

5. By Region:

  • New South Wales
  • Victoria
  • Queensland
  • Western Australia
  • South Australia
  • Others

 

Browse Full Report with TOC & List of Figures:

https://www.imarcgroup.com/australia-digital-payment-market

 

Key Highlights of the Report:

  1. Market Performance (2019–2024)
  2. Market Outlook (2025–2033)
  3. COVID-19 Impact on the Market
  4. Porter’s Five Forces Analysis
  5. Strategic Recommendations
  6. Historical, Current and Future Market Trends
  7. Market Drivers and Success Factors
  8. SWOT Analysis
  9. Structure of the Market
  10. Value Chain Analysis
  11. Comprehensive Mapping of the Competitive Landscape

 

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

 

Ask analyst for your customized sample:
https://www.imarcgroup.com/request?type=report&id=21969&flag=E

 

About Us

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC's offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

 

Contact Us

IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No: (D) +91 120 433 0800
United States: +1-631-791-1145