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Mastercard's merchant deals seen as hedge against regulation, Australian court hears

By Saloni Sinha ( April 28, 2026, 08:35 GMT | Insight) -- Mastercard’s deals with Australian merchants were seen internally as a way to mitigate the risk of regulatory intervention, a court heard in an ongoing antitrust trial brought by the country’s competition watchdog. In a Federal Court hearing on Tuesday, Mastercard Asia Pacific president Richard Wormald said that while the primary purpose of its agreements with Australian merchants was to build partnerships, he accepted under cross-examination that retailers party to such deals would be “supportive of Mastercard’s position” in case of any potential regulatory intervention.Mastercard’s deals with Australian merchants were seen internally as a way to mitigate the risk of regulatory intervention, a court heard in an ongoing antitrust trial brought by the country’s competition watchdog....

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