Antitrust Antitrust

No sign of 'circumventing' fee caps in EU payments markets, Danish watchdog says

By Lewis Crofts
  • 07 Dec 2020 04:52
  • 07 Dec 2020 04:52
Caps on card fees introduced in 2015 haven’t led to “systematic circumvention” that has harmed the EU payments market, said Jakob Hald, Denmark’s top competition enforcer.

But retailers warned today that Mastercard and Visa had hiked fees not capped by the regulation and that this had wiped out any benefits to shops and consumers.

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