Commonly, the age at which you are eligible for a debit card in Australia is 14 years old. However, the age that you can open a transaction account with a linked debit card depends on the bank.

Some 99% of Australians have at least one debit or credit card, with almost half holding both, according to the Reserve Bank of Australia (RBA). In fact, since the pandemic, our use of debit cards ...

Australia is moving to eliminate debit card surcharges, which are costing consumers almost 1 billion Australian dollars ($671 million) each year. The planned ban, set to take effect in 2026, aims ...

International money transfer startup TransferWise’s debit card is now available in Australia and New Zealand, with a Singapore launch expected by the end of this year as the company expands its ...

To narrow a disparity in debit interchange pricing, Australia's central bank will cap fees for signature and PIN debit transactions later this year. The caps will shrink revenue for banks and for ...

SYDNEY, Sept 1 (Reuters) - Australia's treasurer has asked the central bank to consider forcing large- and medium-sized banks and debit card issuers to provide multiple network options for ...

Australia has announced plans to ban debit card surcharges that the country’s central bank estimates are costing consumers nearly 1 billion Australian dollars ($671m) a year.

Credit cards are short-term loans that must be repaid, and debit cards are linked to your bank account and spend your own money. ... » MORE: Credit card companies in Australia.

Australia has a high ratio of consumers using contactless payment cards, while mobile payment adoption has lagged because of some large banks’ aversion to supporting Apple Pay and slower uptake in the ...

Australia is planning to reduce bank card surcharges, including the elimination of transaction fees on debit cards, the government said on Monday, as the use of cash declines in the country.

Australia's treasurer has asked the central bank to consider forcing large- and medium-sized banks and debit card issuers to give merchants a multiple network option that would allow payments to ...