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
Previous article
Artemest: Raises $5M+ in Equity Funding Round
Next article
TradingScreen Inc.: Enters the cryptocurrency space with MARKTS
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.

You May Also Like

FinTech

PayPal Expands Payment Links to Canva Creators

Canva users can now easily monetize their designs with PayPal's new feature.Highlights: PayPal's payment links feature is now...
FinTech

Perpetuals Strengthens AI with Quantum Resilience as a Service

The new offering promises enhanced stability and security for fintech operations.Highlights: Perpetuals launches unique Quantum Resilience as a...
FinTech

Revolut Introduces AI Assistant for Money Management

New feature aims to enhance personal finance management for users.Highlights: Revolut launches an AI assistant for better money...
FinTech

Revolut Enhances Services with AI Assistant for Money Management

The new feature aims to simplify personal finance management for users.Highlights: Revolut launches AI assistant feature for usersNew...