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Australia to regulate digital payments like Apple Pay under new legislation

November 27, 2023

Via: BGR

Today, Australia’s government announced it would bring Apple Pay, Google Pay, and other digital payment services into a new regulatory legislation alongside credit cards and other payments, Reuters reported.

This new legislation is set to be introduced to parliament this week and will put Apple Pay, Google Pay, and other popular digital wallets into Australian payment laws. The publication says this law will empower the Reserve Bank of Australia to regulate payments so that it applies to new and emerging technology.

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