Bringing together major issuers, financial institutions and the neobank/fintech community to provide one credible source.
Members include national and local retailers, card issuers, industry service providers, card schemes, financial institutions and distribution channels.
Join other members to raise the profile and use of gift cards within Australia, positively positioning the sector to consumers, businesses, and government.
Gain valuable insights from the learning and sharing of best practice from members and the wider industry.
Prepaid card use has risen to unprecedented levels over the last decade. Each month more and more Australians are using prepaid cards for gifts, incentives and even personal transactions. The RBA report on prepaid cards issued that are routed over a card scheme network such as Visa, Mastercard and eftpos. We refer to these cards as ‘Open Loop’ prepaid cards. They do not report on store cards or closed-loop gift cards.
Below are the March 2024 figures reported by the RBA.
Source: rba.gov.au May 2024