SYDNEY — Australia is debating a ban on credit and debit card transaction fees, which cost the country’s consumers 1.2 billion Australian dollars ($781 million) annually.
Banks, retailers oppose proposal to end fees on consumers totaling $781m yearly
Australia’s central bank has proposed banning surcharges on card transactions. Cashless payments account for 76% of all retail transactions there. (Photo by Rurika Imahashi)
RURIKA IMAHASHI
August 16, 2025 15:01 JST
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