Diners Club signs up 10,000 merchants

Diners Club says it has attracted a net 10,000 new merchants over the past 12 months, a level of growth that it says is satisfactory. Diners Club's average transaction is about $200 and transactions are between two times and three times the transaction value of standard bank credit cards. Estimates by MWE Consulting show that Diners Club accounts for about 3 per cent of credit and charge cards on issue in Australia, about 1.5 per cent of balances and 4.5 per cent of spending.