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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.

Lance blockleyAdrian lovneyMaster grocers associationEftpos australiaRobert millinerReserve bankகுரு மளிகைக்கடைக்காரர்கள் சங்கம்எப்த்போஸ் ஆஸ்திரேலியாராபர்ட் மில்லினர்இருப்பு வங்கி