Airwallex wants assurances payment reforms won’t slip further


Brandon How
Reporter

Airwallex has called for a detailed timeline on the federal government’s payment system modernisation agenda to prevent more delays and ensure the fintech regulation does not slip further behind global leaders.

The existing financial services licensing framework applies to some payment service providers and was introduced in 2001. Work on the current set of reforms was initiated under the former Coalition government in June 2021 when the ‘Payments System Review’ …

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