Interest rate increase – Thursday 19 February 2026: interest rates for variable home loans and deposit rates across the majority of savings products have increased by 0.25%, effective 19 February 2026.

Differences between card and payWave transaction

Woman reading her mobile phone
< Back to 
Cards
FAQs

What is the difference between a Visa card transaction and a Visa payWave transactions?

A Visa card transaction is a transaction where the card is inserted into the merchant's card terminal. A Visa payWave transaction is a transaction where the card or mobile device is tapped onto the merchant's card terminal through contactless technology. Visa payWave have a daily transaction limit of 30 transactions or $15,000 per day. Visa card transactions have a daily transaction limit of $15,000.

How can we help?