Historic shakeup? Surcharge ban prompts A2A and crypto challengers

Senior Business Correspondent
25 Jun, 2025
Michael Sainsbury
Senior Business Correspondent
25 Jun, 2025
The dominance of card giants and Australia’s big banks’ revenue streams are under threat as the industry readies for structural transformation in the face of a looming debit card surcharge ban and escalating costs for merchants.
Historic shakeup? Surcharge ban prompts A2A and crypto challengers

The dominance of card giants and Australia’s big banks’ revenue streams are under threat as the industry readies for structural transformation in the face of a looming debit card surcharge ban and escalating costs for merchants.

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Australia Post promises at least 4,000 retail outlets, but some already operate without cash and hundreds lack Bank@Post, raising questions about what cash and payment services will survive
On The Interchange Bench this week, TNS promotes PAX chief Johnson to global role, Walsh appointed pay’s marketing chief, Younes takes on platforms at Stripe, Edwards lands as
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
Australian merchants using Adobe Commerce and Magento were last week urged to apply security patches immediately after authorities warned a critical vulnerability was being actively exploited.
Crypto executives say AUSTRAC’s recent crackdowns will strengthen the industry’s legitimacy.

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