Central Banking

RBA Payments System Board Annual Report 2006

According to the Reserve Bank of Australia's Payments System Board Annual Report 2006, while the use of both credit and debit cards has increased substantially over the past decade, the timing of growth has differed.

"Credit card use grew particularly rapidly in the second half of the 1990s as many cardholders responded to the widespread introduction of reward programs. Growth subsequently slowed in the early part of this decade as credit card use became more widespread; over the past couple of

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