The Evolution of Consumer Payments in Australia: Results from the 2022 Consumer Payments Survey
Tanya Livermore,
Jack Mulqueeney,
Thuong Nguyen
et al.
Abstract:The Reserve Bank conducted its sixth triennial Consumer Payments Survey (CPS), which provides detailed information on how Australians make their payments. The 2022 CPS provides the first comprehensive snapshot of consumer payment behaviour following the changes brought on by the COVID-19 pandemic. The survey shows that most in-person payments are made by tapping cards or mobile devices, even for small purchases. This means the share of in-person transactions made with cash halved, from 32 per cent to 16 per ce… Show more
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