Antitrust Antitrust

Visa, Mastercard face EU scrutiny over rises in 'scheme fees'

By Lewis Crofts
  • 12 Mar 2021 10:21
  • 12 Mar 2021 10:32
Increases in Mastercard and Visa's "scheme fees" will come under scrutiny, the EU's top antitrust enforcer has said.

The EU introduced caps in 2015 on the fees for card transactions, but the networks face allegations that they "circumvented" those by increasing other charges instead. "That is something we will definitely look into,"

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