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Tyro Payments Limited (ASX:TYR)

ALERT: Price-sensitive ASX Announcement for TYR
Current share price for TYR : $0.830 0.075 (9.93%)+
Announcement
Release
31 Mar 2026 10:51AM
Price at Release
$0.755
Full Release
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Summary
Tyro Payments Limited has expressed strong support for the recent conclusions by the Reserve Bank of Australia (RBA) on merchant card payment costs and surcharging. The RBA's reforms, which are set to be implemented starting 1 October 2026, will eliminate surcharging on debit, prepaid, and credit cards, and lower the maximum interchange fees for consumer credit and debit card payments. There will also be a cap on interchange fees for foreign-issued card payments, and large acquirers will be required to publish their fees to enhance market transparency. Tyro's CEO, Nigel Lee, highlighted that these reforms align with Tyro's transparent pricing model and create a more competitive environment that plays to Tyro's strengths. The company is well-positioned to support merchants during this transition and to capitalize on the emerging opportunities. Tyro confirms that the reforms will not impact its financial guidance or targets.
Key Points
  • Tyro welcomes RBA's conclusions on card payment costs and surcharging.
  • RBA's reforms include ending surcharging and lowering interchange fees.
  • Implementation begins from 1 October 2026.
  • Reforms align with Tyro's transparent pricing model.
  • Tyro is well-positioned to support merchants through changes.
  • Reforms do not affect Tyro's financial guidance or targets.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.