Review of Retail Payments Regulation

ACCI welcomes the opportunity to comment on the RBA consultation paper regarding the retail payments regulation landscape. ACCI believes in a fairer, more transparent and innovative payments system that allows user choice and places merchants and their customers at the centre of the payment system. Our views on the retail payments regulation have been previously raised in our submission to the Treasury’s review of the Australian Payments system and in response to the ACCC in relation to the proposed amalgamation of BPAY, eftpos and NPPA. Some of those views have been reiterated in this submission for emphasis.