Australians now use cash for less than 16% of transactions, spelling boom times for electronic payment providers. — Image by freepik
SYDNEY: Australia took aim at firms charging consumers for tap or bankcard payments Tuesday, targeting "hefty" fees in a billion-dollar industry dominated by Visa and Mastercard.
The country's centre-left government said it would "ban debit card surcharges" from 2026 and work to lower the cost of other types of electronic payments.
