PSR Provisionally Proposes to Cap Cross-Border Interchange Fees on Credit and Debit Cards to Protect UK Businesses
Fintech Finance
DECEMBER 13, 2023
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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