Tyro Payments Continues Central Bank Engagement Following Surcharge Review

MT Newswires Live10-15

Tyro Payments (ASX:TYR) said Tuesday it continues to work with the Reserve Bank of Australia following the release of the central bank's review of merchant card payment costs and surcharging report, according to a same-day filing with the Australian bourse.

The company said it is also aware of the proposed banning of debit surcharges for Australian merchants.

"We support any review that assesses the true cost of card acceptance, including both debit and credit, for the fair regulation of payment acceptance in Australia," said Chief Executive Jon Davey.

Shares of Tyro Payments slumped 11% at market close.

Price (AUD): $0.81, Change: $-0.10, Percent Change: -11.05%

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