General information

8.png

Population

26M

9.png

Online population

25M

10.png

Currency

AUD


Market overview


Population - 26M

As the 6th largest nation in the world, Australia has a very low population density of just 3 people per km2. This makes it one of the least densely populated countries in the world.

Internet penetration - 96.2%

There **were 25.3M internet users** in Australia at the start of 2023.


FinTech Outlook: Trends, Insight & Technology


In 2016 the Government established the FinTech Advisory Group, a group made up of prominent members of the FinTech sector to advise the Government on policy priorities, and released the Backing Australian FinTech statement which set out the Government’s priorities and plan for growing Australia’s FinTech sector.

Australian FinTech Ecosystem Map in 2022:

Снимок экрана 2023-03-02 в 20.21.01.png


Banks


Снимок экрана 2023-05-15 в 21.40.25.png

<aside> 💡 The ‘Big 4’

In terms of total residents' assets held as at the end of January 2022, according to the Australian Prudential Regulation Authority (APRA), the ranking of the big four were:

  1. Commonwealth Bank of Australia (CBA) - $1.1T
  2. Westpac Banking Corporation (WBC) - $1T
  3. National Australia Bank (NAB) - $941.1B
  4. Australian & New Zealand Banking Group (ANZ) - $710.9B </aside>

Снимок экрана 2023-03-03 в 12.38.25.png


Digital banks