Digital payments pushes Australia’s e-commerce to $55B in 2025

Quick Summary:

The report projects that Australia’s e-commerce market will hit $70.3B by 2029, with digital payments accounting for 53% of all transactions last year.

The post Digital payments pushes Australia’s e-commerce to $55B in 2025 appeared first on CoinGeek.

The country’s central bank conducts a study every three years on cash interest, and in the last study in 2022, Australians reported using cash in only 13% of transactions, down from 69% in 2007.

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Article Details

Author / Journalist: Steve Kaaru

Category: Crypto

Markets: CanadaAustraliaGuineaJapanPapua New Guinea

Topics: Ailona Tsik Shivani Gupta Central Bank Digital Currency Business Elizabeth Genia GlobalData Kazumasa Miyazawa Bank of Papua New Guinea E-commerce

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-11 @ 10:00:00 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: coingeek.com

Language: English

Article Length: 885 words

Reading Time: 5 minutes read

Sentences: 31 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGeek

News ID: 26079577

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