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Cristobal de Atucha
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News by FinTech Collective Archive

UK watchdog proposes cap on card fees in blow to Visa and Mastercard

Cristobal de Atucha

December 15, 2023

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Cristobal de Atucha

British regulators plan to reintroduce a cap on card fees imposed on transactions between the UK and EU, in a blow to the Visa and Mastercard duopoly that raised charges on businesses more than fivefold since Brexit.

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“The fees charged by Mastercard and Visa to UK businesses which accept payments from within the European Economic Area are likely too high,”

https://www.ft.com/content/41d0ed2e-043a-4c61-913b-af12672626fb?accessToken=zwAGDJIvumBwkc9B0O0uBDpMYdORO68SZyYm-w.MEUCIQCrjA5BcpR9ONHygL2S9g-fJGwlMBqvKnEdUC246wQT8AIgcxSEGgMtqKAC3tZhsfcBXz-PTApYW9oxoMexFLcc3JU&sharetype=gift&token=7665446b-d8aa-4b70-a8a5-a559e63ec297

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