EU Considers Fee Caps and Domestic Networks to Challenge Visa, Mastercard
MAMA•
European regulators are evaluating a package to cap interchange fees and promote domestic payment schemes as alternatives to Visa and Mastercard. The proposals include incentives for a pan-European card network and expansion of instant bank transfers to diversify the continent’s payment infrastructure.
1. EU Evaluates Payment Alternatives
European policymakers are assessing measures to reduce reliance on Visa and Mastercard by proposing caps on interchange fees and offering incentives for domestic card schemes. The initiative aims to foster a pan-European network and expand instant bank transfers to provide competitive, regionally controlled payment options.
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