RBA: credit card reform in Australia
Malcolm Edey, the assistant governor of financial systems at the Reserve Bank of Australia , has discussed the economics behind the card payments industry and how it differs from other markets in its supervision and regulation.
In a speech on Monday at the 15th annual conference of Cards and Payments Australasia, Edey said card payments account for a big slice of spending in the retail economy in Australia and noted that the value of spending on personal cards is about half the size of household
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