do you believe, page-1564

I should know better than to read motley fool headlines on a Saturday night. It appears the RBA has reconvened in their recommendations to Treasury.

’The Board has also (in addition to debit card routing choice issue) concluded that it would be in the public interest for ‘buy now, pay later’ providers to remove their no-surcharge rules, consistent with the Board's longstanding position on such rules." Because the removal “was putting upward pressure on smaller merchants' payment costs”

My thoughts are this will simply add transparency in the comparability of various payment methods merchants are offering and have little impact on the desirability of BNPL sector offerings and even less so on merchants using OpenPay which are generally higher-value purchases in any case.

I think the RBAs interest in this demonstrates the growing popularity in the BNPL sector warranting attention. The RBAs recommendations could still be a way off being implemented by Treasury in any case.

https://www.rba.gov.au/media-releases/2021/mr-21-23.html