RBA says it's to lower caps on interchange fees paid by Australian businesses and changes to domestic card transactions are to take effect from October 1st

The RBA's decision to lower interchange fee caps and ban card surcharges is a significant regulatory shift aimed at enhancing consumer protections and promoting competition in Australia's payment systems.

Newsquawk StaffPublished 30 Mar 2026, 23:00 UTCOn the live feed at 22:40 UTC — 7 more headlines followed before this page went public

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RBA says it's to lower caps on interchange fees paid by Australian businesses and changes to domestic card transactions are to take effect from October 1st

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Newsquawk Daily Asia-Pac Opening News - 31st March 2026

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RBA said it will ban card surcharges on EFTPOS, Mastercard and Visa, and that the sticker price will be the final price paid.
RBA said it will cut interchange fee caps, while foreign card caps will be effective April 1, 2027.

Context

This move could pressure profitability for card issuers and payment processors like Visa, which may affect their operational strategies. Market participants should monitor how this influences the broader financial services sector and consider potential impacts on the AUD and fixed income markets.

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