Russia’s Trade Assoc. Accuses Visa, Mastercard Of Market Power Abuse
PYMNTS
MARCH 1, 2019
Russia’s trade associations have accused Visa and Mastercard of abuse of market power in the country. Reports state the complaint is focused on interchange fees – the amount paid by the lender servicing a trade outlet to the lender that issued the card. In the U.S. last month, they agreed to provide roughly $6.24
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