BankingBusinessFinTech

Westpac: Helps businesses save on “tap and go” contactless merchant transactions

  • Westpac Group has announced it will proactively contact merchant customers to activate Merchant Choice Routing (MCR) also called least cost routing
  • Westpac’s decision will help merchant customers with Westpac owned terminals activate pricing that’s best for them
  • MCR has been available since April 2019 as an opt-in for merchants operating on Westpac owned terminals
  • Over the coming months Westpac will reach out to our customers who we believe would benefit from MCR
  • Westpac is doing the right thing by Australian small businesses in this economic crisis in delivering least cost routing
  • The impact of the pandemic on small business earnings and the potential for MCR to provide cost savings for merchants
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Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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