I think most people, including investors, still misunderstand the 0-fee part.
The 0 fee proposed by the government refers to the 'surcharge' fee, which goes directly to the merchant, not Tyro.
I still don't understand why the market reacted so negatively to this, as Tyro won’t be directly affected.
Tyro will still charge its fee. It’s the surcharge, charged by the merchant, that will be reduced to 0.
I think the only way Tyro could be negatively affected is if people stop using their cards or if merchants stop accepting them because of this change. And I believe that’s highly unlikely.
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