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RBA plans to review retail payments regulation
Governor Michele Bullock outlines plans to modernise Australia’s payments system
![Michele Bullock, RBA](/sites/default/files/styles/landscape_750_463/public/2023-08/rba-board-michele-bullock.jpg.webp?itok=ljI8KVXl)
Australia’s central bank governor Michele Bullock has outlined a plan to modernise the country’s payments system, including launching a review of existing retail payments regulation.
The Reserve Bank of Australia (RBA) will also continue its research on central bank digital currencies (CBDCs) and support the phase-out of a long-running electronic funds transfer system, Bullock said.
Speaking at a payments summit on December 12, Bullock noted the Australian government has introduced a bill to give
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