Australia's Tyro Payments soars on RBA card surcharge reform clarity

Tyro Payments

31/03/2026 05:37

** Shares of Tyro Payments TYR.AX rise as much as 6.7% to A$0.8, their highest level since March 12

** Set for best session since late-February

** Card‑payments machine maker confirms the Reserve Bank of Australia's decision to drop surcharge fees on card payments will not impact its near-term financial guidance and medium-term targets

** Adds new reforms bodes well for its business model

** Down 21.4% YTD, including the session's moves

 (Reporting by Anjali Singh in Bengaluru)

 ((anjali.singh2@thomsonreuters.com;))