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PayDay News | Australian Payments News

Qantas, Virgin renegotiate with banks, loyalty profits to slow

Senior Business Correspondent
2 Sep, 2026
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Michael Sainsbury
Senior Business Correspondent
2 Sep, 2026
Add us as a preferred source on Google
Lower interchange caps from October 1 are forcing both airline programs to move to direct earn and push customers to payment platforms, as Virgin flags 3-year Velocity overhaul.
Qantas, Virgin renegotiate with banks, loyalty profits to slow
Virgin’s Andrew Cleary and Qantas’ Andrew Glance. Background generated by AI.

Lower interchange caps from October 1 are forcing both airline programs to move to direct earn and push customers to payment platforms, as Virgin flags 3-year Velocity overhaul.

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