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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UK watchdog proposes cap on card fees in blow to Visa and Mastercard
“The fees charged by Mastercard and Visa to UK businesses which accept payments from within the European Economic Area are likely too high,”
