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PayDay News | Australian Payments News

When eftpos cuts rewards, will the global schemes win back market share?

Technology Reporter
6 May, 2026
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Alex Zaharov-Reutt
Technology Reporter
6 May, 2026
Add us as a preferred source on Google
Australian Payments Plus is quietly switching off the eftpos card-matching engine that it said is declining and under-utilised. The result could push shoppers back to credit rails just as the Reserve Bank is trying to reduce costs in the system.
When eftpos cuts rewards, will the global schemes win back market share?
AP+ plans to switch off the card-matching transaction and data service that lets retailer-led loyalty programs detect and reward eftpos debit transactions.

Australian Payments Plus is quietly switching off the eftpos card-matching engine that it said is declining and under-utilised. The result could push shoppers back to credit rails just as the Reserve Bank is trying to reduce costs in the system.

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