The Australian Payments Clearing Association expects monthly volumes of debit card transactions to be over 350 million in 2015. The corresponding value is estimated to be USD 19 billion.
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http://www.radiantinsights.com/research/debit-cards-usage-analytics-by-card-scheme-eftpos-visa-master-australia
This is owed to rising preference by the population to move towards a cashless society. Developments in financial technology are also fueling market growth.
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