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Retail Payment Talks: The Australian Labor Party's Promise for Payments

CMSPI Economist, Athena Zhang, interviews Brad Kelly, Payments Expert and Lead Consultant at CMSPI, to discuss the Australian Labor Party's anticipated impact on payments regulation after its sweeping victory in May.

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With the Albanese Parliament now convening for the first time this year, merchants are eagerly waiting if the party will deliver on its promises of $804 million in Least Cost Routing (LCR) savings and stricter buy-now-pay-later (BNPL) regulation.

CMSPI’s insights and expertise enable trade groups in their initiatives for fairer, more productive payments acceptance, through enhanced competition, innovation, and transparency. Watch the short interview (6:23) below and contact us with any questions.