DUBLIN–(BUSINESS WIRE)–The “Coronavirus (COVID-19) Sector Impact: Payments Snapshot – Australia” report has been added to ResearchAndMarkets.com’s offering.
The coronavirus outbreak, dubbed COVID-19, which broke out at the close of 2019, has led to a medical emergency across the world, with the World Health Organization officially declaring the novel coronavirus a pandemic on March 11, 2020.
In an attempt to avoid contraction in the overall economy, the Australian government has so far announced two economic packages. The first, unveiled on March 12, is a A$17.6bn ($12.4bn) stimulus package, including tax relief for small businesses and one-off cash payments. The second is a A$66bn ($46.4bn) safety net’ economic package that provides cash payments for SMEs as well as financial assistance for households, retirees, and sole traders.
In addition, the Reserve Bank of Australia (RBA) twice reduced the bank interest rate in March – each time by 25 basis points, with the bank rate now at a historic low of 0.25%. The RBA will also disburse at least A$90bn ($63.3bn) to banks over a three-year period at 0.25% for SME lending.
This report focuses on the impact of the coronavirus outbreak on both the economy and the cards and payments industry in Australia. Based on proprietary datasets, the snapshot provides a detailed comparison between pre-COVID-19 forecasts and revised forecasts of total payment card, debit card, and credit and charge card transactions by value and volume. It also offers information on measures taken by the government to combat coronavirus.
Scope
Reasons to Buy
Key Topics Covered:
For more information about this report visit https://www.researchandmarkets.com/r/6ec01i
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Contacts
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
HONG KONG SAR - EQS Newswire - 23 December 2024 - Novautek Autonomous Driving Limited…
JAKARTA, INDONESIA - Media OutReach Newswire - 23 December 2024 - V-GREEN and PT Xanh…
Increase in opportunities predicted for high-speed optical transceivers and miniaturized connectivity solutions to address data-intensive…
HONG KONG SAR - Media OutReach Newswire - 23 December 2024 - DYXnet, a wholly-owned…
CAIRO, EGYPT - Media OutReach Newswire - 23 December 2024 - Eand, Novo Nordisk, BSH,…
Trend Vision One™ – Email and Collaboration Security is a critical part of Trend’s centralized…