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RBA surcharge shock led this stock to plunge. The CEO says it’s fake news

Tyro Payments chief executive Jon Davey insists the RBA’s changes to outlaw pesky surcharges on debit and credit card payments won’t affect its business.

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For a chief executive who’s been put through the ringer, Jon Davey seems remarkably calm.

Just an hour after the Reserve Bank of Australia announced its proposal to outlaw those pesky surcharges merchants like to add to debit and credit card payments, shares in the ASX-listed payments provider Davey leads, called Tyro Payments, had plunged 9.4 per cent.

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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
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    Original URL: https://www.afr.com/chanticleer/rba-surcharge-shock-led-this-stock-to-plunge-the-ceo-says-it-s-fake-news-20250715-p5mf5b