“Given the RBA’s present priority on curbing retail inflation, an emerging question is whether Governor Michele Bullock will be looking to recast the battle over merchant fees as a macroeconomic concern.”
The Reserve Bank of Australia has released new data about the growth of mobile wallet card transactions, while also flagging concerns about costs and competition.
With only five years to run until the proposed closure of the Bulk Electronic Clearing System (BECS), the New Payments Platform (NPP) has just 10% of Account-to-Account (A2A) payments.
