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CBA CEO thinks Afterpay’s merchant fees will come under pressure – Motley Fool Australia
The CEO of Commonwealth Bank of Australia (ASX:CBA) thinks that Afterpay Ltd’s (ASX:APT) merchant fees will come under pressure.
The chief executive officer of Commonwealth Bank of Australia(ASX: CBA) thinks that Afterpay Ltd’s(ASX: APT) merchant fee margins will come under pressure in the future. The Afterpay share price dropped 2% today.
Matt Comyn, the CEO of CBA, was talking to the House of Representatives economics committee on Friday, according to reporting by the Australian Financial Review.
He had a number of interesting things to say about Afterpay and the industry. Mr Comyn said: “Even though it is not referre…
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