Morningstar sees neutral impact on Australia's Tyro Payments from RBA card surcharge plan

Tyro Payments

16/07/2025 04:46

** Morningstar expects neutral impact on Tyro Payments TYR.AX from Reserve Bank of Australia's (RBA) proposal to remove credit and debit card surcharges

** Says any earnings impact from merchants unable to surcharge should be manageable as only ~30% of Tyro's merchants currently surcharge

** Adds merchant defections among risks to co from RBA proposal, but expects payments-solutions provider's more contemporary product suite, diversified fee structure position to retain or win merchants from competitors

** Forecasts co's gross profit margins averaging 46% each year over the next five years

** TYR rises 5.8% to A$0.9475

** YTD, stock gains 16%

 (Reporting by Sherin Sunny in Bengaluru)

 ((Sherin.Sunny@thomsonreuters.com;))