Tag: considering

    Australia considering alternative low-cost payment system for businesses

    Australia’s Treasurer, Josh Frydenberg, has asked the Reserve Bank of Australia (RBA) to consider mandating large and medium-sized banks and debit card issuers to provide retailers with a multiple network option, allowing payments to be processed more cheaply.  Mr Frydenberg also urged authorities to encourage banks to loosen their control on the payment services sector…

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