Direct debit and direct credit volumes rose from May 2008 to May 2009, extending the longer-term trend towards electronic payments by businesses and consumers. However the growth of volumes was moderate (from 4.2 to 4.3 million per day for direct credit and from 2.0 to 2.2 million per day for direct debit) and average daily values declined somewhat. Again, the economic conditions throughout the year are the likely explanation for the moderate volume growth and declining value in this 12 month period.
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SOURCE: APCA – www.apca.com.au |