ACT Commerce and Consumer Affairs spokesperson proposed an amendment to the Retail Payment System Amendment Bill.
In July the Government announced a ban on surcharges on credit card payments in-store from May 2026 at the latest. ACT is ...
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As Retail NZ calls on the Government to pause surcharge ban, Commerce and Consumer Affairs Minister says the organisation has 'overinflated the cost to retailers and consumers in this change' ...
As it stands, the Bill will entrench the dominance of major credit card companies and make it harder for new payment technologies via FinTechs to enter the market.
Andrew Glance said proposed changes to credit card fees that could crimp the use of frequent flier points were on his mind, ...
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Retail NZ is urging the Government to pause its proposed ban on merchant surcharges, warning that the move will increase costs for consumers and disproportionately harm small businesses.
The New Zealand Government is currently pushing through its Retail Payment System (Ban on Merchant Surcharges) Amendment Bill ...