Australians lose nearly $1 billion a year in card surcharges

RBA has threatened to mandate LCR if the industry does not meet the target of 80 per cent uptake by the middle of the year. Praba Maheswaran Praba Maheswaran spoke to Gajan Mahendran and presenting a news explainer.

Australians lose nearly $1 billion a year in card surcharges and the RBA has warned banks it has to stop Source: AP

Listen to SBS Tamil at 12 noon on Pop Desi channel on Mondays, Wednesdays, Thursdays and Fridays & 8pm on Mondays, Wednesdays, Fridays and Sundays on SBS Radio 2. Find your area’s radio frequency by visiting our tune in page. For listening on DAB+ digital radio, search for ‘SBS Radio’.