Australia considering alternative low-cost payment system for businesses
By Yajush Gupta · 2 September 2021 · Finance
By Yajush Gupta · 2 September 2021 · Finance
The country's Treasurer is pushing for a major change to the way businesses process payments, but what does it mean for you? Could this shift bring significant cost savings to Australian retailers?
Australia’s Treasurer has asked the RBA to consider mandating payment providers to offer retailers with a multiple network option, allowing payments to be processed more cheaply.