Financial Services Financial Services

Visa, Mastercard to extend EU antitrust promises on international cards for at least five years (update*)

Mastercard and Visa said today they will voluntarily extend an antitrust deal struck with EU enforcers five years ago over fees charged when non-EU payment cards are used within the bloc. 
The 2019 commitments on fees for inter-regional card transactions will expire on Nov. 1, but the payments giants have

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Nicholas Hirst

Chief Correspondent


Nicholas covers EU merger review and antitrust investigations for Mlex in Brussels. He previously wrote about EU affairs for Politico Europe, European Voice and PaRR. After earning an LLM in European law from the College of Europe in Bruges, he spent a year working in the competition practice of a leading competition law firm in Brussels 2009-10. He graduated in modern European languages from Oxford University in 2006.

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Lewis leads MLex's editorial strategy, content direction, quality and development. He has a reputation for breaking stories and providing analysis on complex legal disputes before regulators and courts around the globe. He has also developed MLex's unrivalled coverage of competition policy, litigation, regulation, Brexit and international investigations.

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