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PSR Provisionally Proposes to Cap Cross-Border Interchange Fees on Credit and Debit Cards to Protect UK Businesses

Fintech Finance

Subject to the PSR’s final report and further consultation on remedies, this could happen in two stages: An initial time-limited cap of 0.2% for UK-European Economic Area (EEA) consumer debit transactions and 0.3% The PSR is proposing to introduce a price cap to protect UK businesses from overpaying on these interchange fees.

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The Payment Systems Regulator is propsing to cap cross-border interchange fees

Neopay

Subject to the PSR’s final report and further consultation on remedies, this could happen in two stages: An initial time-limited cap of 0.2% for UK-European Economic Area (EEA) consumer debit transactions and 0.3% for credit cards. What happens next? The window for giving feedback is open until 31 January 2024.

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APAC Regulators Tackle Rising Card Fees

Fintech News

A new report by CMSPI, an American payment consultancy, produced in collaboration with Amazon, explores payment trends and regulations in Asia-Pacific (APAC), focusing on the impact of rising card fees on merchants and the regulatory responses to these challenges.

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