what the Reserve Bank’s proposed changes mean for your wallet
- Written by Angel Zhong, Professor of Finance, RMIT University
That extra 10c on your morning coffee. That $2 surcharge on your taxi ride. The sneaky 1.5% fee when you pay by card at your local restaurant. These could all soon be history.
The Reserve Bank of Australia (RBA) has proposed a sweeping reform: abolishing card payment surcharges. The central bank says it’s in the public interest to scrap the...
Read more: what the Reserve Bank’s proposed changes mean for your wallet
