BUZZ-Australia's Tyro Payments slides as govt plans to reduce card surchages

Reuters10-15

** Shares of payment solutions firm Tyro Payments fall as much as 15.5% to A$0.765, their lowest since early-June

** Stock set for its worst day since May 2023, if losses hold

** Australia is planning to reduce bank card surcharges, including the elimination of transaction fees on debit cards

** Co says it has been actively engaged with the central bank and welcomes reviews that assess the true cost of card acceptance for small businesses and consumers

** Tyro stock top loser on the ASX All Ordinaries index

** As of last close, stock was down 18.1% YTD

(Reporting by Himanshi Akhand in Bengaluru)

((Himanshi.Akhand@thomsonreuters.com;))

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