Bank inquiry demands cheaper tap-and-go debit payments by April

By Clancy Yeates
Updated December 8 2017 - 7:48pm, first published 7:43pm
Shayne Elliott CEO ANZ Bank appeared before the House Economics Committee at Parliament House in Canberra on Wednesday 11 October 2017. Fedpol. Photo: Andrew Meares
Shayne Elliott CEO ANZ Bank appeared before the House Economics Committee at Parliament House in Canberra on Wednesday 11 October 2017. Fedpol. Photo: Andrew Meares

Banks face growing pressure to provide retailers with a cheaper way of accepting tap-and-go debit payments, with the government's banking inquiry setting the industry a deadline of April to address merchants' concerns.

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