Where Mastercard sits in the flow of extraction.
Mastercard Australia
Designated card network. Imposed a no-surcharge rule from 1 October 2026; told the RBA in 2025 that surcharging is antiquated and a ban is required, while objecting to interchange changes made before all participants are regulated. Its 2025 submission is the only source the RBA footnotes for its line that cash is no longer clearly cheaper to accept.