PayPal Responds To Australian Department of the Treasury Payment System Review Issues Paper
This week, PayPal submitted its consultation response to the Australian Treasury Department Payment System Review issue paper. This is the first step of the review of the regulatory architecture of the Australian payments system as policymakers seek to ensure it remains fit-for-purpose and capable of continued innovation.
In PayPal's response, we encourage policymakers to design a regulatory architecture that is fit-for-purpose; encourages growth, competition and innovation; and promotes interoperability with international regulatory architectures, amongst other recommendations.
View the response here. The response submitted by PayPal can also be found on the Australian Department of the Treasury website.