Visa encourages future-ready payments ecosystem for Australia

02/13/2026

 

Visa has called on policymakers to ensure Australia’s payments ecosystem keeps pace with rapid technological change to support a robust, secure, productive, and forward-looking digital economy. 

In its submission to the House of Representatives Standing Committee on Economics Inquiry into Schemes, Digital Wallets and Innovation in the Payments Sector, Visa highlights that transformative technologies – from Artificial Intelligence and agentic commerce to real-time account-to-account (A2A) payments, digital wallets, and stablecoins – are rapidly changing today’s payments landscape and providing increasing choice and accessibility for all Australians. These innovations carry substantial upside for consumers and businesses, both small and large, and can make the Australian payments system stronger, more resilient and globally competitive – but only if continued innovation, security, and consumer and business protection remain at the core.

Alan Machet, Group Country Manager for Oceania, said: “Payments in Australia is intensely competitive, with more choice than ever before to make and receive payments. Against this backdrop, Visa invests in advanced security and new technology innovations that deliver significant value to Australian consumers, businesses, and particularly small businesses, helping them maximise digital commerce opportunities to drive growth, productivity and efficiency."

 

Visa’s full submission can be viewed here and is available on the Parliament of Australia website.