Australia pushes for ban on card surcharges

Banks, retailers oppose proposal to end fees on consumers totaling $781m yearly

20250813N Australia credit card surcharge

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

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.

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