Visa International has announced that its Australian smart card pilot is live; it thus takes the lead in its race with MasterCard International.

MasterCard, which was first to declare its plans for an Australian pilot - in Canberra, the federal capital - has not yet gone live. A spokeswoman predicted the first transaction would take place in the fourth quarter.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.