Reserve Bank of Australia's surcharge ban on payment cards positive for Tyro Payments, Jefferies says

Tyro Payments

31/03/2026 20:30

** Jefferies says Reserve Bank of Australia's removal of surcharging on payment cards is "incrementally positive" for Tyro Payments TYR.AX

** On Tuesday, the RBA said it would ban surcharge fees on card payments

** Jefferies says the RBA ban is positive for the card‑payments machine maker as it allows it to be more competitive on fees compared to other merchant acquirers

** Brokerage notes co's independence on surcharging as source of income

** Four of six analysts rate the stock "buy" or higher, one "hold" and one "sell"; their median PT is A$1.30 — LSEG data

** Stock down over 20% this year, as of last close

(Reporting by Rajasik Mukherjee in Bengaluru)

((Rajasik.Mukherjee@thomsonreuters.com))