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PayDay News | Australian Payments News

Coles Pay closes as the company steps into bank rewards void

Editor
16 Sep, 2026
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Warwick Ponder
Editor
16 Sep, 2026
Add us as a preferred source on Google
Coles has shut down Coles Pay but is stepping up Flybuys rewards ahead of Christmas just as Australia’s banks cut credit card perks, reframe loyalty offerings and consumers increasingly shift their spending towards debit.
Coles Pay closes as the company steps into bank rewards void
Coles is putting more weight behind Flybuys as bank-funded credit card rewards come under pressure from lower interchange fees and changing consumer payment habits.

Coles has shut down Coles Pay but is stepping up Flybuys rewards ahead of Christmas just as Australia’s banks cut credit card perks, reframe loyalty offerings and consumers increasingly shift their spending towards debit.

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