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PayDay News | Australian Payments News

Debit tips into double digits and pulls away from credit

Senior Business Analyst
9 Sep, 2026
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Peter Drennan
Senior Business Analyst
9 Sep, 2026
Add us as a preferred source on Google
Debit card spending grew 10.1% over the 12 months to July to $693.2 billion, in the first double-digit reading since late 2023. Credit managed 7.2%, to $477.7 billion. Its own rate edged up from 7.1%, but the gap to debit widened to 2.9 percentage points.
Debit tips into double digits and pulls away from credit
PayDay News

Debit card spending grew 10.1% over the 12 months to July to $693.2 billion, in the first double-digit reading since late 2023. Credit managed 7.2%, to $477.7 billion. Its own rate edged up from 7.1%, but the gap to debit widened to 2.9 percentage points.

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