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![New Zealand retailers are forced to pay nearly twice as much as Australian counterparts. Photo / File](https://www.newstalkzb.co.nz/media/22974039/pay-wave-eftpos-file.jpg?rmode=crop&v=1d745dac3e1ef30&height=395&quality=95&scale=both)
One expert has voiced approval with the Commerce Commission's plan to regulate PayWave and online credit card fees.
The watchdog says capped fees could save Kiwis $250 million dollars, from the $1 billion a year they spend in-store and online.Â
Infometrics Principal Economist Brad Olsen says these changes are neceesary.
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