Ankit Bansal: Dairy and Business Owners Group chair on the Government banning in-store card surcharges

episode

Best of Business not yet transcribed

▲ 0

Transcript

This episode hasn't been transcribed yet Upvotes decide what gets transcribed next — 0 so far. Sign in to upvote

More from Best of Business

Jannet Xuccoa: When's the right time for a trust? 44 min · 21 Dec 2025

All episodes from Best of Business →

Report any issue

Source

Recorded28 Jul 2025

Publisheromnycontent.com ↗

Handlerec:7246538

Show notes

The Government's recent ban on on payment card surcharges has been met with criticism from the retail and hospitality sectors. The Government's announced it will scrap extra in-store card fees by next May. The Commerce Commission has already reduced bank interchange visa and master card fees for businesses. Dairy and Business Owners Group chair Ankit Bansal says these proposed changes are 'unfair' as the banks can still charge whatever transaction fees they like. "These will likely have to be passed on to the consumers - the problem is, we would have to do it across the board. So even if someone was paying with cash, one way or another, we're paying for these charges." LISTEN ABOVESee omnystudio.com/listener for privacy information.

Ask this episode

“What did the council decide on item 42?” — answered with the speaker and the moment.