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PayDay News | Australian Payments News

Credit card schemes face parliamentary inquiry as revolving debt hits 4 year high

Editor
10 Dec, 2025
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Warwick Ponder
Editor
10 Dec, 2025
Add us as a preferred source on Google
Credit card companies Visa and Mastercard will join digital wallet providers Apple Pay and Google Pay to front a new parliamentary inquiry in 2026, as Australia’s revolving credit card debt and online spending soars to new highs.
Credit card schemes face parliamentary inquiry as revolving debt hits 4 year high
New Mastercard Australia boss Paul Monnington (left) and Visa’s Alan Machet (middle left) are likely to front the Economics Committee inquiry early in the New Year to face a grilling from Ed Husic (middle right) and Jerome Laxale (right). Background picture credit: Josh Withers

Credit card companies Visa and Mastercard will join digital wallet providers Apple Pay and Google Pay to front a new parliamentary inquiry in 2026, as Australia’s revolving credit card debt and online spending soars to new highs.

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