John Small: Commerce Commission chair on the company's plan to regulate PayWave and online card payments

Heather du Plessis-Allan Drive

Innehåll tillhandahållet av NZME and Newstalk ZB. Allt poddinnehåll inklusive avsnitt, grafik och podcastbeskrivningar laddas upp och tillhandahålls direkt av NZME and Newstalk ZB eller deras podcastplattformspartner. Om du tror att någon använder ditt upphovsrättsskyddade verk utan din tillåtelse kan du följa processen som beskrivs här https://sv.player.fm/legal.

3M ago 4:06

MP3•Episod hem

The Commerce Commission is looking into regulating fees for PayWave and online card payments.

The market watchdog says adding regulation could save Kiwis $250 million dollars, from the $1 billion a year they spend on fees in-store and online.

Chair John Small says they're exploring changes that could reduce surcharges to 0.7 percent.

"Part of what we're doing here is trying to simplify these rates so that the merchants know much more clearly what's costing them - and then that allows buyers to know that."

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

7649 episoder

#New Zealand Current Affairs #New Zealand #NZME #Newstalk ZB #News