Study: Digital Payments Overtake Cards in Australia — Is Your Business Ready?

Digital payments now dominate Australian e-commerce, outpacing cards and cash. Is your business keeping up?
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Digital payments accounted for more than half (53%) of all e-commerce transactions in Australia in 2024, overtaking card payments and cash for the first time, according to a new study from GlobalData.

As reported by Retail Asia, alternative payment methods such as mobile wallets and buy now pay later (BNPL) saw the strongest growth.

With Australia’s e-commerce market expected to grow another 8% in 2025, businesses that adapt to these changing preferences will have a clear advantage.

With 82% of Aussie crypto investors reporting profits in the last 12 months (Swyftx/YouGov 2024), crypto holders are also looking for ways to spend. The average profit? Nearly $10,000 AUD per investor.

Crypto-Friendly Regulations on the Horizon?

Regulatory momentum is picking up, with Australia’s Liberal Party pledging to prioritise crypto regulations if elected, according to the Australian Financial Review. The Coalition’s financial services spokesman has emphasized the importance of a clear legal framework to drive innovation and keep Australia competitive in global markets.

Globally, the shift is accelerating:
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In the US, Trump has appointed a dedicated AI and Crypto Czar to push forward regulations that could even allow U.S. banks to work directly with crypto.
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More businesses are now supporting crypto payments, signaling a shift from holding to actively spending digital assets.

Why Accepting Crypto Payments Matters

If your business isn’t yet accepting crypto payments, now is the time to start. More customers than ever are looking to pay with Bitcoin, Ethereum, and stablecoins—especially as crypto adoption continues to rise globally.

🔹 Fast, easy payments with no chargebacks.
🔹 Access a growing customer base of crypto holders.
🔹 Simple integration alongside your existing payment options.

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Make Crypto Payments Simple with RelayPay

RelayPay makes it easy for businesses to accept crypto while receiving AUD settlements—same day, no volatility, no hassle.

✅ Accept crypto via payment links, checkout integration, or API
✅ No need to change your existing payment systems
✅ Fast and free setup

And if you already have a RelayPay Business account, setup is even quicker:

Set up your free crypto payment link or checkout integration now.

Email us or call our Sydney team today.

Disclaimer: All content provided is for informational purposes only. Nothing is intended to constitute investment, legal, tax, accounting or other advice and you should seek professional advice on whether any information provided or products discussed are appropriate for your particular circumstances.