LOGIN
SUBSCRIBE
UPGRADE
LOGOUT
Open menu
PayDay News - Payments Industry News Australia
Got a story
to share?
Open menu
LOGIN
SUBSCRIBE
UPGRADE
LOGOUT
PayDay News | Australian Payments News

Blended rates, fintech carve-outs and a trillion-dollar gatekeeper: who really pays?

Technology Reporter
4 Mar, 2026
Add us as a preferred source on Google
Alex Zaharov-Reutt
Technology Reporter
4 Mar, 2026
Add us as a preferred source on Google
Australia's parliamentary payments inquiry stripped back the complexity to expose three uncomfortable truths: small businesses are subsidising the system, fintechs want exemptions that would make it worse, and Apple won't even say what it charges.
Blended rates, fintech carve-outs and a trillion-dollar gatekeeper: who really pays?
While small businesses pleaded with a parliamentary committee for fee relief this week, FinTech Australia's Head of Policy, Jack Morgan, asked it to consider a small issuer exemption to interchange caps to support “innovation”.

Australia's parliamentary payments inquiry stripped back the complexity to expose three uncomfortable truths: small businesses are subsidising the system, fintechs want exemptions that would make it worse, and Apple won't even say what it charges.

Subscriber article

This article is available to PayDay News subscribers.

Subscribe to continue reading
PAYDAY NEWS ANNIVERSARY EDITION

trending

The fault lines in Australia’s payments
Commentator Vibhu Arya breaks down the recent RBA submissions, analysing who is lobbying for what at a high level.
Affirm and Shopify launch Shop Pay Installments in Australia
Australian merchants on Shopify will have another BNPL option to pay with the launch of Shop Pay Installments.
NAB and AP+ warn card tokenisation closing off least-cost routing
NAB and Australian Payments Plus (AP+) have warned that card tokenisation could undermine the merchant benefits of least-cost routing, but differ on how far regulators should intervene and
Adyen consolidates Melbourne’s Limitless payments across six Asian markets
Melbourne-based gifting group Limitless Technology has consolidated four payment gateways onto Adyen, simplifying payments across five brands and six Asia-Pacific markets as it continues to expand its e-commerce
Fintechs push RBA to open NPP access and unlock A2A competition
Australian fintech heavyweights led by Airwallex, Adyen, Azupay and Digital Economy Council has put access to the NPP at the centre of the RBA’s regulatory review, calling for

RELATED STORIES ▸

Banks line up against Amex as RBA weighs three-party regulation
Banks line up against Amex as RBA weighs three-party regulation
Banks line up against Amex as RBA weighs three-party regulation
Local American Express boss Corrina Davison has found herself increasingly isolated as banks, merchants and card schemes urge the Reserve ...
Fintechs push RBA to open NPP access and unlock A2A competition
Fintechs push RBA to open NPP access and unlock A2A competition
Fintechs push RBA to open NPP access and unlock A2A competition
Australian fintech heavyweights led by Airwallex, Adyen, Azupay and Digital Economy Council has put access to the NPP at the ...
Adyen consolidates Melbourne’s Limitless payments across six Asian markets
Adyen consolidates Melbourne’s Limitless payments across six Asian markets
Adyen consolidates Melbourne’s Limitless payments across six Asian markets
Melbourne-based gifting group Limitless Technology has consolidated four payment gateways onto Adyen, simplifying payments across five brands and six Asia-Pacific ...
NAB and AP+ warn card tokenisation closing off least-cost routing
NAB and AP+ warn card tokenisation closing off least-cost routing
NAB and AP+ warn card tokenisation closing off least-cost routing
NAB and Australian Payments Plus (AP+) have warned that card tokenisation could undermine the merchant benefits of least-cost routing, but ...
Affirm and Shopify launch Shop Pay Installments in Australia
Affirm and Shopify launch Shop Pay Installments in Australia
Affirm and Shopify launch Shop Pay Installments in Australia
Australian merchants on Shopify will have another BNPL option to pay with the launch of Shop Pay Installments. ...
The fault lines in Australia’s payments
The fault lines in Australia’s payments
The fault lines in Australia’s payments
Commentator Vibhu Arya breaks down the recent RBA submissions, analysing who is lobbying for what at a high level. ...

Got a story to share?

Get in touch with PayDay News today!
Click here to email us

Topics

Advertising Enquiry

Fill out the form below, and we will be in touch shortly.

Contact Information

Got a story to share

Fill out the form below, and we will be in touch shortly.

Contact Information