ABC radio interview: TPP and financial services

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Interview with Michael Mackenzie, ABC Radio National (RN)

We take it for granted that we can pay for most items these days using Paywave and BPay. We can get by without needing cash. But not all developing countries have this luxury.

Australia is leading the way when it comes to innovations in banking and other financial services.

If all goes to plan the Trans Pacific Partnership that was signed this week will open even more doors for the industry. Yet we’ve heard very little about this aspect of the deal.

Amy Auster, Executive Director of the Australian Centre for Financial Studies, argues that this is partly a PR problem. The financial services sector just isn’t as photogenic as dairy cows, fields of sugar cane or vineyards.


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