Australian Payments Annual Report – APCA Sept 2012

Australian Payments Annual Report APCA Sept 2012Australian payments system is financial plumbing for the Australian economy. It  comprises the payments instruments, organisations, technology and connecting networks that are used to make non-cash payments. APCA has a pivotal coordinating role in the payments system. Its various clearing and infrastructure systems provide rules and decision-making frameworks necessary for the efficient movement of funds amongst financial institutions and other payments providers.

Download full reportThis year, Australia’s payments system moved around $150 billion a day across the economy for consumers, businesses, government and non-profit organisations. More than 99% of this value was transferred using APCA’s frameworks. A detailed explanation of the APCA systems, as well as other systems managed separately including the various card schemes’ systems and the BPAY system, is available on the APCA website.

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