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RBA wants to scrap surcharge fees, says consumers would save $1.2 billion
A stock image showing credit card payment at a cafe in Brisbane, Wednesday, May 15, 2019. Wednesday's data from the Australian Bureau of Statistics (ABS) showed the wage price index rose 0.5% in the three months ended March, unchanged from the December quarter. (AAP Image/Dan Peled) NO ARCHIVING Credit: DAN PELED/AAPIMAGE
The Reserve Bank of Australia wants to scrap surcharge fees on card payments and cut other fees, in a move it thinks will benefit both consumers and businesses.
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