Financial Services Financial Services

Card giants Mastercard and Visa face new UK caps on 'unduly high' fees

By Abhishek Kumar
  • 13 Dec 2023 18:27
  • 13 Dec 2023 18:27
Mastercard and Visa are on notice for the introduction of tight UK caps on some card fees after the payments regulator highlighted recent large increases that it says could be costing businesses hundreds of millions of pounds a year.
The Payments Systems Regulator, or PSR, today proposed capping interchange fees charged

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