The UK's payments regulator has proposed a cap on cross-border interchange fees charged by Mastercard and Visa on transactions made between the UK and the European single market. This move aims to rein in charges that have risen fivefold since Brexit. The proposal is aimed at curbing the fees that these card networks charge local merchants. The regulator's decision comes amidst concerns about the significant increase in fees post-Brexit.
Regulators in the UK are weighing a cap on some of the fees that Visa and Mastercard charge local merchants, seeking to rein in charges that have risen fivefold since Brexit https://t.co/ovrmjZt5z3
Regulators in the UK are weighing a cap on some of the fees that Visa and Mastercard charge local merchants, seeking to rein in charges that have risen fivefold since Brexit https://t.co/pmm6X7diD3
UK payments regulator proposes cap on Mastercard, Visa cross-border fees https://t.co/Cpt2ODUrtj https://t.co/5djQUZiI2T
UK payments watchdog proposes cap on interchange fees https://t.co/V2jjiwcmks
UK payments watchddog proposes cap on interchange fees https://t.co/V2jjiwcmks
Breaking news: A UK financial watchdog has proposed a cap on Visa and Mastercard cross-border fees https://t.co/PKPqz2V38f https://t.co/MKViEP9FtR
UK watchdog proposes cap on Visa and Mastercard cross-border fees https://t.co/Nw4PFHAcn7
Payments regulator proposes cap on Mastercard, Visa cross-border fees https://t.co/mqKZfRXK3w https://t.co/58tLdrmIvF
Payments regulator proposes cap on Mastercard, Visa cross-border fees https://t.co/d0Vnaf35ID https://t.co/f0jqgedEuk
🛑 Payments regulator proposes cap on Mastercard, Visa cross-border fees Britain's payments regulator on Wednesday provisionally proposed a cap on cross-border interchange fees charged by Mastercard and Visa on transactions made between the UK and European single market. The… https://t.co/OqFO0ZegOE