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

Cross-border payments still too expensive and slow: RBA

Editor
4 Mar, 2026
Add us as a preferred source on Google
Warwick Ponder
Editor
4 Mar, 2026
Add us as a preferred source on Google
Australia’s goals to speed up and reduce the cost of cross-border payments are behind schedule, with banks usually proving more expensive than some fintechs to send money overseas.
Cross-border payments still too expensive and slow: RBA
PayDay News

Australia’s goals to speed up and reduce the cost of cross-border payments are behind schedule, with banks usually proving more expensive than some fintechs to send money overseas.

Subscriber article

This article is available to PayDay News subscribers.

Subscribe to continue reading
PAYDAY NEWS ANNIVERSARY EDITION

trending

Visa credit hits 1%, the largest annual fee rise of any scheme
Visa's average credit card merchant fee reached 1.00% in the June quarter, the highest since the RBA began publishing fees by scheme, and up five basis points over
Banktech, Next Payments ride cash wave as no surcharge bill shock looms
The end of card surcharging on October 1 has merchants across Australia looking at ways to hand out and handle more cash.
The Interchange Bench
On The Interchange Bench this week, Brazil’s A2A network draws a tariff, a fake Matt Comyn offers us US $35 million in a Whatsapp scam, former RBA payments
CBA says payments resilience now a competitive advantage as geopolitical risks grow
The Commonwealth Bank says escalating geopolitical tensions, cyber threats and artificial intelligence are transforming operational resilience from a compliance obligation into a competitive advantage for financial institutions and
Reforms converge to reshape PayTo protections as demand for card alternative grows
Three reforms are converging to strengthen PayTo, delivering stronger consumer protections, clearer fraud liability and greater confidence in account-to-account payments as merchants search for trusted, low-cost alternatives to

RELATED STORIES ▸

Public interest test on the line with RBA submission due in days
Public interest test on the line with RBA submission due in days
Public interest test on the line with RBA submission due in days
Submissions to the Reserve Bank's payments review close Friday, with a warning of lopsided debate pushing wallets and Amex ahead ...
Harvey Norman, Latitude fined $55m over misleading interest-free campaign
Harvey Norman, Latitude fined $55m over misleading interest-free campaign
Harvey Norman, Latitude fined $55m over misleading interest-free campaign
Harvey Norman and Latitude have been hit with $55 million in Federal Court penalties after misleading millions of Australians about ...
Stripe’s tiny fee cut won’t achieve RBA’s claimed savings
Stripe’s tiny fee cut won’t achieve RBA’s claimed savings
Stripe’s tiny fee cut won’t achieve RBA’s claimed savings
If payments behemoth Stripe’s tiny 0.05% fee cuts are anything to go by, the RBA has no chance of achieving ...
PayPal tops AFCA merchant facilities complaints with Stripe close behind
PayPal tops AFCA merchant facilities complaints with Stripe close behind
PayPal tops AFCA merchant facilities complaints with Stripe close behind
PayPal remained the most complained-about merchant facilities provider in Australia during the 2025-26 financial year, with new Australian Financial Complaints ...
Tyro and GapOnly launch portal to streamline pet insurance claims
Tyro and GapOnly launch portal to streamline pet insurance claims
Tyro and GapOnly launch portal to streamline pet insurance claims
Tyro Health has launched a new GapOnly Vet Portal that combines real-time pet insurance claims and digital payments in a ...
Hello Clever targets Stripe Connect with real-time platform launch
Hello Clever targets Stripe Connect with real-time platform launch
Hello Clever targets Stripe Connect with real-time platform launch
Sydney-based fintech Hello Clever has launched a new payments platform product aimed squarely at competing with Stripe Connect, promising real-time ...

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