Sector Regulation Sector Regulation

Mastercard, Visa don’t profit from card-fee hikes, UK lawmakers told

By Fiona Maxwell
  • 24 Aug 2022 12:47
  • 24 Aug 2022 12:47
Mastercard and Visa have told UK lawmakers that they are not profiting from the substantial hike in fees they have levied since Brexit, in response to mounting criticism that the card companies have unjustifiably increased costs for merchants and consumers.

The card giants defended their decisions to raise interchange fees post-Brexit — costs paid

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Fiona Maxwell

Senior Correspondent

Fiona Maxwell is a financial services senior correspondent at MLex in London. She began her career as a reporter for, writing about EU post-crisis regulation, and later worked for POLITICO in Brussels, covering the intersect between financial policy and politics. Prior to joining MLex, Fiona worked at the Bank of England as a policy adviser in the prudential policy directorate.

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