ECONOMY - FINANCE - BUSINESS / Competition

Commission accepts Mastercard and Visa's commitments on reduction of inter-regional interchange fees

Brussels, 29/04/2019 (Agence Europe)

The European Commission accepted and made legally binding, on Monday 29 April, the commitments proposed separately by Mastercard and Visa to reduce their multilateral interchange fees on payments made in the European Economic Area (EEA) using consumer cards issued outside the EEA. 

This decision echoes the Statement of Objections sent to Mastercard in July 2015 (see EUROPE B11355A18) and to Visa in August 2017. In these documents, the Commission expressed concern that the level of...