The payments dilemma in the US tariff war

Staff Reporter
PayDay News
8 Apr, 2025
With endless talk about United States tariffs and trade imbalances over the past week, nobody in Australia is talking about the elephant in the room – United States payments, technology and tech platforms are siphoning billions of dollars from the Australian economy annually.
The payments dilemma in the US tariff war

With endless talk about United States tariffs and trade imbalances over the past week, nobody in Australia is talking about the elephant in the room – United States payments, technology and tech platforms are siphoning billions of dollars from the Australian economy annually.

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Goldenbet’s Australian-focused PayID promotion raises questions about payment oversight, as banks prepare for new obligations to block illegal gambling transfers and regulators warn of scams exploiting the familiar
When Bolt Group’s Bano’s was disconnected after Banking Circle’s court win, it left crypto exchanges and fintechs reshuffling their Australian banking and payments relationships, as providers reassess the
With Stripe also connecting to NPP via Zepto, online payments groups will be challenged by crypto companies for a slice of a low-cost acceptance market Visa and Mastercard
Nine out of ten Kiwi’s said New Zealand needs a minimum standard for access to cash services regardless of if they live rurally or in an urban area,
Apple is steering the Reserve Bank of Australia (RBA) towards an innovation debate involving digital ID and cheaper account-to-account payments, as the Big 4 push for iPhone NFC

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