Resource costs of Australian payments system down as percentage of GDP
Consumers face similar cost for credit and debit card payments, according to RBA paper
The "resource costs" of Australia's payments system have fallen as a percentage of GDP since 2006, according to a Reserve Bank of Australia working paper.
The evolution of payment costs in Australia by Chris Stewart, Iris Chan, Crystal Ossolinski, David Halperin and Paul Ryan examines the costs borne by financial institutions, merchants and consumers in making, facilitating and accepting consumer-to-business payments.
The results also indicate that the relationship between resource and private
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