Aussies increasingly using credit cards online, new figures show

Monday 27 February 2012

Article by Mozo

Australians are continuing to head online when making retail purchases, although the internet has a long way to go before it overtakes high street stores as Aussies' preferred method of shopping.

A new study conducted by National Australia Bank (NAB) has indicated that people using their credit cards to buy goods via the web account for less than five per cent of the overall retail sector, but the number is growing all the time.

The internet lends itself to plastic use and it seems that credit cards are becoming increasingly popular, as a recent study by Coles showed that three-quarters of people down under use their cards to pay for bills and weekly groceries.

According to the NAB research, online shopping has led to more Aussies buying items from overseas retailers, as the number of people securing goods from abroad grew by 40 per cent last year.

Head of consumer sectors at the bank David Thorn said the figures highlighted a shift in attitudes, but suggested that bricks and mortar stores are still going strong.

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Aussies increasingly using credit cards online, new figures show

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