RBA Payments System Board Update: March 2025 Meeting

The Reserve Bank of Australia (RBA) Payments System Board has met to discuss a number of key payments issues at its most recent March meeting.

The Board noted it has considered the arguments for and against various policy options on merchant card payment costs and surcharging, informed by a wide range of views from stakeholder submissions to the recent RBA Payments Review.

As stated in the corresponding media release, the Board is actively exploring options to promote the public interest by supporting safety, competition and efficiency in the payments system.

Members agreed to release a consultation paper in mid-2025 that will outline the Board’s preferred policy options and seek further feedback.