Jun 30, 2026 – 4.38pmA Labor-led parliamentary inquiry into the nation’s payments system is recommending Treasurer Jim Chalmers direct the competition watchdog to investigate the $2 billion of fees being charged by credit card giants, chiefly Visa and Mastercard.The market power of digital wallet Apple Pay should also be investigated by the Australian Competition and Consumer Commission, Labor MP and chair of the House of Representatives economics committee Ed Husic said in a new 146-page report.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles