UK PSR seeks input on proposed interchange fee cap
By EsqSocial Corporation 24/12/24
On 13 December 2024, the UK's Payment Services Regulator (PSR) published its Market review of UK-EEA consumer cross-border interchange fees final report (MR22/2.7) and Market review of UK-EEA consumer cross-border interchange fees remedy consultation paper and draft direction (CP24/14). The report is the final product of a market review started in October 2022 to look into the operation of card scheme and processing fees, concluding that a lack of effective competition has enabled Visa and...
By: Hogan Lovells