36
Payments Regulation in Asia
2.50%
-0.35% -0.30% -0.25% -0.20% -0.15% -0.10% -0.05% 0.00% 0.05% 0.10% 0.15%
0.12%
0.09% 0.09%
2.00%
0.03%
0.02%
-0.02%
1.50%
1.00%
0.50%
-0.32%
0.00%
Diners Club Credit
eftpos Debit Mastercard Credit
Mastercard Debit
Visa Credit Visa Debit
American Express Credit
Q3 2020
Q4 2023
Change
Figure 10. Average Merchant Fees and Period-on-Period Change by Card Network and Card Type (Q2 2020 – Q4 2023) 70
From Q3 2020 to Q4 2023, the cost of online transactions has consistently increased across networks given the limited options to route transactions to competing debit networks. The only exception to the rising costs is Diners Club, which increased in-store costs while decreasing online costs.
0.20%
0.10%
0.00%
-0.10%
-0.20%
-0.30%
-0.40%
-0.50%
Visa Debit
Visa Credit Mastercard Debit Mastercard Credit
Diners Club Credit
American Express Credit
Device Present
Device Not Present
Figure 11. Domestic Interchange Change by Card Type and Network (Q3 2020 vs. Q4 2023) 71
70
https://www.rba.gov.au/payments-and-infrastructure/resources/payments-data.html
71
https://www.rba.gov.au/payments-and-infrastructure/resources/payments-data.html
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