This bill will create a regulatory system for merchant fees for debit and credit networks, payWave and other similar service fees, which are increasingly used more than EFTPOS, and this delivers on a Government commitment made in 2020. So, good on them. We will be supporting this bill, because we know that credit card transactions are the main method of retail payment in Aotearoa New Zealand and are routed through either the "switch to issuer" or the "switch to acquire" systems, and so ensuring those technologies and systems work for everyday people is critical.