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

Fintech Finance

for UK-European Economic Area (EEA) consumer debit transactions and 0.3% for consumer credit transactions (where the transactions are made online[1] at UK businesses) A lasting cap on these interchange fees in the future, once further analysis has been carried out to establish an appropriate level.

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

Neopay

for UK-European Economic Area (EEA) consumer debit transactions and 0.3% for consumer credit transactions (where the transactions are made online [1] at UK businesses) A lasting cap on these interchange fees in the future, once further analysis has been carried out to establish an appropriate level. for credit cards.

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APAC Regulators Tackle Rising Card Fees

Fintech News

It also explores the increasing adoption of real-time payments, which many countries are embracing as a more efficient and cost-effective alternative to traditional card payments. This surcharge is intended to recoup the costs associated with accepting card payments.

APACS 102