Sector Regulation Sector Regulation

Visa’s UK fee hike shows need for EU homegrown payments, Panetta says

By Jack Schickler
  • 18 Nov 2021 07:22
  • 18 Nov 2021 07:22
Visa’s hike in interchange fees for UK purchases from EU merchants shows the need for Europe to develop a homegrown rival to US card companies, the European Central Bank’s Fabio Panetta has said. 

Panetta said he was a proud backer of the plan by EU banks including Santander, Deutsche Bank and

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