In its 2014 Consumer Issues report, released under the Official Information Act, the New Zealand Commerce Commission said:
We are seeing signs that NFC transaction systems are replacing the current eftpos payment system with its lower fee structure.
This could result in a transaction fee structure monopoly, and increased charges to consumers as traders pass on their increased transaction costs through surcharges or increased prices.
The Commerce Commission seems rather concerned that one form of supply will be displaced by another at a lower price. This is the scourge of lower prices – a major preoccupation of competition authorities. They are yet to accept that lower prices should be always lawful under competition law.
The distribution of firm sizes reflects the rise and fall of firms in a competitive struggle to survive with competition between firms of different sizes sifting out the more efficient firm sizes (Stigler 1958, 1987…
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Utopia, you are standing in it! 
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