The RBA is finally taking on Apple’s monopoly in digital payments, aiming to stop $1.2 billion in yearly surcharges being dumped on consumers. By 2026, Apple Pay could face real oversight—putting fairness before profit.
channelnews : RBA Set for Showdown With Apple
Apple is weighing a potential challenge to the Reserve Bank of Australia (RBA) as the central bank moves to crack down on the $1.2 billion Australians pay annually in credit and debit card surcharges. The RBA’s proposed reforms aim to curb excessive surcharging, with expectations that Apple Pay – despite Apple’s long-standing position that it... Read More


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