/PRNewswire/ Mother s Day is one of the busiest floral holidays of the year. Nestled inside many of those beautiful bouquets for mom, however, may be a.
/PRNewswire/ Mother s Day is one of the busiest floral holidays of the year. Nestled inside many of those beautiful bouquets for mom, however, may be a.
ACCC approves payments merger, says it will improve eftpos afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.
Shared Problems Need Shared Solutions - Starting Now, Say Asia-Pacific Business Leaders miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.
Banks tell ACCC that payments merger will strengthen competition
Banks tell ACCC that payments merger will strengthen competition
08 July 2021 7:41AM
The industry committee advancing the case for combining Australia’s three domestic payments schemes has urged the ACCC to approve the proposed merger because it will improve competition.
The committee, which includes representatives from the four major banks, Cuscal and Woolworths, is facing an uphill task to win approval for joining the operations of Eftpos Australia, the NPP and BPay after the regulator indicated in early June that a union could substantially lessen competition in the payments market.
Industry committee chair Robert Milliner yesterday warned that each of the merger candidates would find it more challenging to compete against the international card schemes if the ACCC rejected the application.