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Mastercard used merchant agreements to block least-cost routing, Australian court hears

By Saloni Sinha ( April 13, 2026, 08:49 GMT | Insight) -- Mastercard leveraged its role in four-party payment card schemes to structure pricing and contractual arrangements to suppress emerging competitive threats, an Australian court heard Monday, on the first day of an eight-week Federal Court antitrust trial. Lawyer for the Australian Competition & Consumer Commission, John Sheahan, said Mastercard used Strategic Merchant Agreements to prevent retailers from accessing least-cost routing.Mastercard leveraged its role in four-party payment card schemes to structure pricing and contractual arrangements to suppress emerging competitive threats, an Australian court heard on Monday....

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