Mastercard Reports Stable Stock Price Amid Concerns Over Proposed Australian Reforms

Mastercard’s stock price has remained relatively stable, hovering near its 52-week high. The company’s stock price has been steady at $insert current stock price.

The company has been in the news for its concerns over proposed reforms in Australia. The proposed reforms aim to ban card surcharges and reduce wholesale payment fees.

Key Concerns Over Proposed Reforms

• Ban on card surcharges
• Reduced wholesale payment fees
• Estimated annual cost of $1.5 billion to consumers

Mastercard has warned that the proposed reforms could result in increased costs for consumers. The company estimates that the reforms could potentially backfire and cost consumers more than they currently pay in surcharges.

Estimated Annual Cost to Consumers

• Estimated annual cost: $1.5 billion
• Potential increase in costs for consumers due to the proposed reforms

Mastercard’s concerns over the proposed reforms in Australia are ongoing. The company will continue to monitor the situation and provide updates as necessary.